-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CnqM+NHSKK6/NLH6cYiZAPNpv38MIL0EUHDwOzmMRZXOv7PAXd14sBPX1zFW3BBP
 UuYkKmBcVyySiJmXKIS39w==

<SEC-DOCUMENT>0001047469-07-000206.txt : 20070116
<SEC-HEADER>0001047469-07-000206.hdr.sgml : 20070115
<ACCEPTANCE-DATETIME>20070116061335
ACCESSION NUMBER:		0001047469-07-000206
CONFORMED SUBMISSION TYPE:	F-1/A
PUBLIC DOCUMENT COUNT:		13
FILED AS OF DATE:		20070116
DATE AS OF CHANGE:		20070116

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Double Hull Tankers, Inc.
		CENTRAL INDEX KEY:			0001331284
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		F-1/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-136365
		FILM NUMBER:		07530366

	BUSINESS ADDRESS:	
		STREET 1:		26 NEW STREET
		CITY:			ST. HELIER, JERSEY, CHANNEL IS
		STATE:			X0
		ZIP:			JE23RA
		BUSINESS PHONE:		00 44 1534 639759

	MAIL ADDRESS:	
		STREET 1:		26 NEW STREET
		CITY:			ST. HELIER, JERSEY, CHANNEL IS
		STATE:			X0
		ZIP:			JE23RA
</SEC-HEADER>
<DOCUMENT>
<TYPE>F-1/A
<SEQUENCE>1
<FILENAME>a2172991zf-1a.htm
<DESCRIPTION>FORM F-1/A
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06NYC4565_1">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<P ALIGN="CENTER">


<FONT SIZE=2><B>As filed with the Securities and Exchange Commission on January 16, 2007


 </B></FONT>

</P>

<P ALIGN="RIGHT"><FONT SIZE=2><B> Registration No.&nbsp;333-136365  </B></FONT></P>

<P><FONT SIZE=2><B> <hr noshade width=100% align=left size=4>
<hr noshade width=100% align=left size=1>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=1><B>WASHINGTON, D.C. 20549  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER">


<FONT SIZE=5><B>AMENDMENT NO. 2<BR>
TO<BR>
FORM F-1<BR>  </B></FONT><FONT SIZE=3><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933

 </B></FONT>

</P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=5><B>DOUBLE HULL TANKERS,&nbsp;INC.<BR>  </B></FONT><FONT SIZE=1>(Exact name of registrant as specified in its charter) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="85%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="24%" ALIGN="CENTER"><FONT SIZE=1><B>Republic&nbsp;of&nbsp;the&nbsp;Marshall&nbsp;Islands<BR> </B></FONT><FONT SIZE=1>(State or other jurisdiction of<BR>
incorporation or organization)</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="20%" ALIGN="CENTER"><FONT SIZE=1><B>4412<BR> </B></FONT><FONT SIZE=1>(Primary Standard Industrial<BR>
Classification Code Number)</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="25%" ALIGN="CENTER"><FONT SIZE=1><B>N/A<BR> </B></FONT><FONT SIZE=1>(I.R.S. Employer Identification No.)<BR></FONT>
</TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=1><B>26 New Street<BR>
St.&nbsp;Helier, Jersey JE23RA<BR>
Channel Islands<BR>
+44 (0)&nbsp;1534 639759<BR>  </B></FONT><FONT SIZE=1>(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=1><B>CT Corporation<BR>
111 Eighth Avenue<BR>
New York, New York 10011<BR>
(212)&nbsp;590-9100<BR>  </B></FONT><FONT SIZE=1>(Name, address, including zip code, and telephone number, including area code, of agent for service) </FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=1><B><I>With copies to:  </I></B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="84%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=1><B>John T. Gaffney, Esq.<BR>
Cravath, Swaine &amp; Moore LLP<BR>
Worldwide Plaza<BR>
825 Eighth Avenue<BR>
New York, New York 10019<BR>
(212) 474-1000</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=1><B>Gary L. Sellers, Esq.<BR>
Simpson Thacher &amp; Bartlett LLP<BR>
425 Lexington Avenue<BR>
New York, New York 10017-3954<BR>
(212) 455-2000</B></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=1><B>Approximate date of commencement of proposed sale to the public:<BR>
As soon as practicable after this Registration Statement is declared effective.  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule&nbsp;415 under the Securities Act,
check the following box.&nbsp;<FONT FACE="WINGDINGS">&#253;</FONT> </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this form is filed to register additional securities for an offering pursuant to Rule&nbsp;462(b) under the Securities Act, check the following box and list
the Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this form is a post-effective amendment filed pursuant to Rule&nbsp;462(c) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If this form is a post-effective amendment filed pursuant to Rule&nbsp;462(d) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering.&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If delivery of the prospectus is expected to be made pursuant to Rule&nbsp;434, check the following box.&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=1><B>The registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the
registrant shall file&nbsp;a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section&nbsp;8(a) of the Securities
Act of 1933 or until this Registration Statement shall become effective on such date as the Commission, acting pursuant to said Section&nbsp;8(a), may determine.</B></FONT></P>


<P><FONT SIZE=1><hr
noshade width=100% align=left size=4>
<hr noshade width=100% align=left size=1> </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=797853,FOLIO='blank',FILE='DISK134:[06NYC5.06NYC4565]BA4565A.;22',USER='JLAWRENA',CD='12-JAN-2007;16:51' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<!-- TOC_END -->

<P><FONT COLOR="#FF4040" SIZE=2><B>The information in this preliminary prospectus is not complete and may be changed. The selling stockholder may not sell these securities until the
registration statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell these securities and is not soliciting an offer to buy these
securities in any state where the offer or sale is not permitted. </B></FONT></P>

<P ALIGN="CENTER">


<FONT COLOR="#FF4040" SIZE=2><B>Subject to Completion. Preliminary Prospectus dated January 16, 2007.


 </B></FONT>

</P>

<P><FONT SIZE=2>PROSPECTUS </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="bc4565_4,600,000_shares_common_stock"> </A>
<A NAME="toc_bc4565_1"> </A>
<BR></FONT><FONT SIZE=4><B>4,600,000 Shares  <BR>    <BR>
<IMG SRC="g455847.jpg" ALT="logo" WIDTH="327" HEIGHT="229">
  <BR>    <BR>    Common Stock  <BR>  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
prospectus relates to an aggregate of 4,600,000 shares of common stock of Double Hull Tankers,&nbsp;Inc. that the selling stockholder named in this prospectus may offer for sale
from time to time.
These shares were purchased by the selling stockholder on October&nbsp;18, 2005 from us in a transaction that was exempt from the registration requirements of the Securities Act of 1933, as amended. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will not receive any of the proceeds from the sale of any shares of our common stock by the selling stockholder, and we will not incur expenses in connection with the offering. The
selling stockholder from time to time may offer and sell the shares held by it directly or through agents, underwriters or broker-dealers on terms to be determined at the time of sale. These sales may
be made on the New York Stock Exchange or other national security exchanges on which our common stock is then traded, in the over-the-counter market, or in negotiated
transactions. See "Plan of Distribution." To the extent required, the names of any agent, underwriter or broker-dealer and applicable commissions or discounts and any other required information with
respect to any particular offer will be set forth in a prospectus supplement which will accompany this prospectus. A prospectus supplement also may add, update or change information contained in this
prospectus. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our common stock is listed on the New York Stock Exchange under the symbol "DHT." The last reported sale price on January&nbsp;12, 2007 was $15.48 per share.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Investing in our common stock involves a high degree of risk. Before buying any shares you should carefully read the discussion of material risks of investing in
our common stock in "Risk Factors" beginning on page 10 of this prospectus.</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this
prospectus is truthful or complete. Any representation to the contrary is a criminal offense.</B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>


The date of this prospectus is&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2007.

</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=2,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=876293,FOLIO='blank',FILE='DISK134:[06NYC5.06NYC4565]BC4565A.;18',USER='JLAWRENA',CD='12-JAN-2007;16:55' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g475561.jpg" ALT="LOGO" WIDTH="684" HEIGHT="894">
  </B></FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=3,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=659251,FOLIO='blank',FILE='DISK134:[06NYC5.06NYC4565]BD4565A.;3',USER='CARIASB',CD=';9-JAN-2007;13:28' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_bg4565_1_1"> </A> </FONT></P>

<!-- TOC_END -->

<P><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You should rely only on the information contained in this prospectus. We have not authorized anyone to provide you with additional or different information. We are not making an offer of
these securities in any jurisdiction or state where the offer is not permitted. You should not assume that the information in this prospectus is accurate as of any date other than the date on the
cover of this prospectus </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="bg4565_table_of_contents"> </A>
<A NAME="toc_bg4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>TABLE OF CONTENTS    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="92%" ALIGN="CENTER"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="5%" ALIGN="CENTER"><FONT SIZE=1><B>Page</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Prospectus Summary</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>1</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Risk Factors</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>10</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Cautionary Statement Regarding Forward-Looking Statements</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>25</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Use of Proceeds</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>26</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Dividend Policy</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>27</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Unaudited Pro Forma Financial and Other Information</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>29</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Selected Combined Financial and Other Data</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>33</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Management's Discussion and Analysis of Financial Condition and Results of Operations</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>35</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>The International Tanker Industry</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>45</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Business</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>56</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Our Credit Facility</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>73</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Management</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>76</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Principal and Selling Stockholders</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>83</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Related Party Agreements</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>85</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Description of Capital Stock</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>86</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Comparison of Marshall Islands Corporate Law to Delaware Corporate Law</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>90</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Tax Considerations</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>93</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Plan of Distribution</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>102</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Legal Matters</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>105</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Experts</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>105</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Additional Information</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>106</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Glossary of Shipping Terms</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>107</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="92%"><FONT SIZE=2>Index to Financial Statements</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>F-1</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=2>i</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=4,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=27672,FOLIO='i',FILE='DISK134:[06NYC5.06NYC4565]BG4565A.;9',USER='CARIASB',CD=';9-JAN-2007;13:28' -->
<BR>
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ca4565_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ca4565_prospectus_summary"> </A>
<A NAME="toc_ca4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>PROSPECTUS SUMMARY    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This summary highlights information contained elsewhere in this prospectus. Before investing in our common stock you should read this entire prospectus carefully,
including the section entitled "Risk Factors" and our financial statements and related notes for a more complete understanding of our business and this offering. Unless we specify otherwise, all
references and data in this prospectus to our "business," our "vessels" and our "fleet" refer to our fleet of seven vessels that we acquired simultaneously with the closing of our initial public
offering, or "IPO," on October&nbsp;18, 2005. Unless we specify otherwise, all references in this prospectus to "we," "our," "us" and "our company" refer to Double Hull Tankers,&nbsp;Inc. and its
subsidiaries. The shipping industry's functional currency is the U.S. dollar. All of our revenues and most of our operating costs are in U.S. dollars. All references in this prospectus to "$" and
"dollars" refer to U.S. dollars. See the "Glossary of Shipping Terms" included in this prospectus for definitions of certain terms used in this prospectus that are commonly used in the tanker shipping
industry. </FONT></P>

<P><FONT SIZE=2><B>Our Company  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We operate a fleet of double hull tankers. Our fleet currently consists of three very large crude carriers, or VLCCs, which are tankers ranging in size from
200,000 to 320,000 deadweight tons, or dwt, and four Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt. Our fleet principally operates on international routes and had a
combined carrying capacity of 1,342,372 dwt and a weighted average age of 6.6&nbsp;years as of September&nbsp;30, 2006, compared with a weighted average age of 9.5&nbsp;years for the world
tanker fleet.

</FONT>

</P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We acquired the seven vessels in our fleet from subsidiaries of Overseas Shipholding Group,&nbsp;Inc., a Delaware corporation, or "OSG," on October&nbsp;18, 2005 in exchange for cash
and shares of our common stock, and we have chartered these vessels back to subsidiaries of OSG. OSG, one of the world's largest bulk-shipping companies, owns and operates a modern fleet
of 91 vessels (including the seven vessels that comprise our fleet) that have a combined carrying capacity of 11.6&nbsp;million dwt as of September&nbsp;30, 2006. OSG's fleet consists of both
internationally flagged and U.S. flagged vessels that transport crude oil, petroleum products and dry bulk commodities. OSG beneficially owned approximately 44.5% of our outstanding common stock as of
January&nbsp;16, 2007.

</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
strategy is to charter our vessels primarily pursuant to multi-year time charters to take advantage of the stable cash flow associated with long-term time
charters. In addition, our time charter arrangements include a profit sharing component that gives us the opportunity to earn additional hire when vessel earnings exceed the basic hire amounts set
forth in the charters. Our vessels are operated in the Tankers International Pool and the Aframax International Pool, and we expect our potential to earn additional hire will benefit from the higher
utilization rates realized by these pools. In a pooling arrangement, the net revenues generated by all of the vessels in a pool are aggregated and distributed to pool members pursuant to a
pre-arranged weighting system that recognizes each vessel's earnings capacity based on its cargo capacity, speed and consumption, and actual on-hire performance. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective
October&nbsp;18, 2005, we time chartered our tankers to subsidiaries of OSG for terms of five to six and one-half years. Each time charter may be renewed by the
charterer on one or more successive occasions for periods of one, two or three years, up to an aggregate of five, six or eight years, depending on the vessel. If a time charter is renewed, the charter
terms providing for profit sharing will remain in effect and the charterer, at the time of exercise, will have the option to select a basic charter rate that is equal to (i)&nbsp;5% above the
published one-, two- or three-year time charter rate (corresponding to the extension length) for the vessel's class, as decided by a shipbrokers panel, or
(ii)&nbsp;the basic hire rate set forth in the applicable charter. The shipbrokers panel, which we call the Broker Panel, will be The Association of Shipbrokers and Agents Tanker Broker Panel or
another panel of brokers mutually acceptable to us and the charterer. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>1</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=5,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=421056,FOLIO='1',FILE='DISK134:[06NYC5.06NYC4565]CA4565A.;16',USER='JLAWRENA',CD='12-JAN-2007;17:53' -->
<A NAME="page_ca4565_1_2"> </A>
<BR>

<P><FONT SIZE=2><B>Our Fleet  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We purchased three VLCCs and four Aframaxes from subsidiaries of OSG in connection with the IPO. Our VLCCs, due to their large size, principally operate on
long-haul routes from the Middle East or West Africa to the Far East, Northern Europe, the Caribbean and the U.S. Gulf, trading through the Tankers International Pool. Although our
Aframaxes are also designed for global trading, they typically trade through the Aframax International Pool in the Atlantic Basin on shorter-haul routes between Northern Europe, the
Caribbean, the United States and the Mediterranean Sea. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents certain information concerning the vessels in our fleet and their associated charters, each of which commenced on October&nbsp;18, 2005: </FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="94%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="34%" ALIGN="LEFT"><FONT SIZE=1><B>Vessel<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="9%" ALIGN="CENTER"><FONT SIZE=1><B>Type</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="9%" ALIGN="CENTER"><FONT SIZE=1><B>Dwt</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>Year<BR>
Built</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>Term of<BR>
Initial<BR>
Charter</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Year 2 Basic<BR>
Charter Rate(1)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="CENTER"><FONT SIZE=1><B>Maximum<BR>
Aggregate<BR>
Charter<BR>
Renewal Term</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="34%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="9%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="9%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>(years)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>($/day)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="CENTER"><FONT SIZE=1><B>(years)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=2><I>Overseas Ann</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>VLCC</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>309,327</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2001</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>6<SUP>1</SUP>/<SMALL>2</SMALL></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>37,400</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>8</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=2><I>Overseas Chris</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>VLCC</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>309,285</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2001</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>6</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>37,400</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>8</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=2><I>Regal Unity</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>VLCC</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>309,966</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1997</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>5<SUP>1</SUP>/<SMALL>2</SMALL></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>37,400</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>6</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=2><I>Overseas Cathy</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>Aframax</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>112,028</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2004</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>6<SUP>1</SUP>/<SMALL>4</SMALL></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>24,700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>8</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=2><I>Overseas Sophie</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>Aframax</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>112,045</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2003</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>5<SUP>3</SUP>/<SMALL>4</SMALL></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>24,700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>8</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=2><I>Rebecca</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>Aframax</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>94,873</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1994</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>18,700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>5</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=2><I>Ania</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>Aframax</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>94,848</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1994</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>18,700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>5</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Amounts
represent basic hire charter rates, which increase annually by amounts that vary by vessel class and year. See "Business&#151;Charter Arrangements" for a table
detailing the basic hire rates by vessel class for the initial charter periods. </FONT></DD></DL>

<P><FONT SIZE=2><B>Our Competitive Strengths  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We believe that we have a number of strengths that provide us with a competitive advantage in the tanker industry, including:


</FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'>

<FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>A modern, high quality fleet</I></FONT><FONT SIZE=2>.&nbsp;&nbsp;&nbsp;&nbsp;As of September&nbsp;30, 2006, our three VLCC and four Aframax vessels had a
weighted average age of 6.6&nbsp;years, compared with a weighted average age for the world tanker fleet of 9.5&nbsp;years. All of our tankers are of double hull construction and were designed and
built to OSG's specifications and, prior to the IPO, were only operated by OSG. We believe they are among the most efficient and safest tankers in the world. We believe that owning and maintaining a


 </FONT>



<P><FONT SIZE=2>modern,
high quality fleet reduces off hire time and operating costs, improves safety and environmental performance and provides us with a competitive advantage in securing employment for our ships.


</FONT></P>


</DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Participation in OSG's pooling arrangements</I></FONT><FONT SIZE=2>.&nbsp;&nbsp;&nbsp;&nbsp;We believe that we benefit from OSG's membership in the Tankers
International Pool for VLCCs and the Aframax International Pool for Aframaxes, and we expect OSG's subsidiaries to continue to operate our vessels in these pools. We believe that, over a longer period
of time, our potential to earn additional hire will be enhanced by the higher utilization rates and lower overhead costs that a vessel operating inside a pool can achieve compared with a vessel
operating independently outside of a pool.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>An experienced management team</I></FONT><FONT SIZE=2>.&nbsp;&nbsp;&nbsp;&nbsp;Our management team is led by Ole Jacob Diesen, our chief executive officer, who
has over 30&nbsp;years of experience in the shipping industry. Mr.&nbsp;Diesen has been an independent corporate and financial management consultant since 1997 and has extensive experience in the
shipping industry, including advising on a broad range of shipping </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=6,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=926718,FOLIO='2',FILE='DISK134:[06NYC5.06NYC4565]CA4565A.;16',USER='JLAWRENA',CD='12-JAN-2007;17:53' -->
<A NAME="page_ca4565_1_3"> </A>
<UL>
<UL>

<P><FONT SIZE=2>transactions
such as vessel sales and financings, vessel charters, pooling and technical management agreements. </FONT></P>

</UL>
</UL>

<P><FONT SIZE=2><B>Our Strategy  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our strategy is designed to generate stable cash flow through long-term fixed rate charters that provide us with the potential to earn additional
revenue. The key elements of our strategy are: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Charter our fleet primarily under multi-year, fixed-rate time charters that provide for profit
sharing.</I></FONT><FONT SIZE=2> We have time chartered all of our vessels to subsidiaries of OSG, one of the world's largest bulk-shipping companies, for periods of five to six and
one-half years under charters that provide for fixed monthly payments, plus the potential to earn additional profit sharing payments. We believe that our long-term charters
will generate stable and predictable cash flow and provide us with the opportunity to earn significant additional hire as market rates exceed our basic hire rates.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Substantially fix our operating costs under our ship management agreements.</I></FONT><FONT SIZE=2> Our tankers are managed by Tanker
Management&nbsp;Ltd., a wholly owned indirect subsidiary of OSG that we refer to as Tanker Management, or our technical manager, pursuant to ship management agreements that became effective at the
completion of our IPO. Under these agreements, which are coterminous with the charter for the applicable vessel, Tanker Management has assumed all responsibilities for the technical management of our
vessels and for most of the operating costs (excluding insurance premiums and vessel taxes) in exchange for a fee that is fixed through October&nbsp;2007. We believe these arrangements provide us
with added certainty regarding the operating costs of our vessels.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Strategically expand our fleet.</I></FONT><FONT SIZE=2> We intend to grow our fleet through timely and selective acquisitions of additional vessels
in a manner that is accretive to earnings and dividends per share over time. Although our fleet initially consists of our three VLCCs and four Aframax tankers, we intend to consider potential
acquisitions of tankers in smaller size classes as well. To facilitate our future acquisitions, we have entered into a credit facility that, subject to the satisfaction of conditions to drawdown,
permits us to borrow on a committed basis up to $150&nbsp;million to finance the purchase price of additional vessels that we may acquire in the future. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2><B>Our Time Charters  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have time chartered our three VLCCs and our four Aframaxes to subsidiaries of OSG for periods of five to six and one-half years. The daily base
time charter rate for each of our vessels, which we refer to as basic hire, is payable to us monthly in advance and increases annually by amounts set forth in each charter. For a table detailing the
basic hire rates for each vessel class during the initial period of each charter, see "Business&#151;Charter Arrangements." </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition to the basic hire, the charterers and OSG International,&nbsp;Inc., or OIN, the charterers' parent, have agreed to pay us an additional payment, quarterly in arrears, which
we refer to as additional hire. The additional hire payable, if any, in respect of a given quarter will be equal to 40% of the average revenue that our vessels earn or are deemed to earn for the
charterers during that quarter (averaged on a rolling four quarter basis) in excess of the basic hire paid by the charterers to us during that quarter. Revenue is calculated on an aggregate fleetwide
basis and depends on whether our vessels are operated in a pool: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>if
a vessel is operated in a pool, revenue earned by that vessel equals the share of actual pool net earnings allocated to the charterer, as determined by a formula
administered by the pool manager; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=7,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=293784,FOLIO='3',FILE='DISK134:[06NYC5.06NYC4565]CA4565A.;16',USER='JLAWRENA',CD='12-JAN-2007;17:53' -->
<A NAME="page_ca4565_1_4"> </A>
<UL>
<UL>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'>

<FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>if
a vessel is operated outside of a pool:


<BR><BR></FONT>

<DL compact>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>for
periods that the charterer subcontracts the vessel under a time charter, revenue earned by that vessel equals the time charter hire earned by the charterer, net of
specified fees incurred by the charterer; and


<BR><BR></FONT></DD>



<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>for
periods that the charterer does not subcontract the vessel in the time charter market, revenue deemed earned by that vessel is based on average spot market rates, which
are rates for the immediate chartering of a vessel (usually for a single voyage), determined by a shipbrokers' panel for a series of routes commonly served by vessels of the same class.


</FONT></DD></DL>
</DD>

</DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
pool constitutes a collection of similar vessels under various ownerships that are placed under one administrator, which we refer to as the pool manager. The pool manager markets the
vessels as a single, cohesive fleet and collects, or pools, their net earnings prior to distributing them to the individual owners under a pre-arranged weighting system that recognizes
each vessel's earnings capacity based on its cargo capacity, speed and consumption, and actual on-hire performance. Pools offer their participants more opportunities to enter into
multi-legged charters and contracts of affreightment, which can reduce non-earning days through scheduling efficiencies. </FONT></P>


<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The three VLCCs in our fleet currently participate in the Tankers International Pool, in which OSG and seven other tanker companies participate. The Tankers International Pool consists
of 46 VLCCs and V Pluses as of September&nbsp;30, 2006, making it one of the world's largest VLCC fleets. The four Aframax tankers in our fleet currently participate in the Aframax International
Pool, the world's second largest Aframax fleet, which, as of September&nbsp;30, 2006, operates 36 Aframaxes and has six members, including OSG (which is one of the pool managers).

 </FONT></P>

<P><FONT SIZE=2><B>Technical Management of Our Fleet  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To provide us with added certainty with respect to the costs of operating our vessels, we have entered into ship management agreements with Tanker Management.
Under the agreements, Tanker Management is responsible for the technical management and for most of the operating costs of the vessels, including crewing, maintenance, ordinary repairs, scheduled
drydockings, insurance deductibles (subject to the limits set forth in the ship management agreements) and other vessel operating expenses, excluding insurance premiums. In exchange for these
services, we pay Tanker Management a fixed daily fee, which we refer to as the technical management fee, for each vessel under management. The technical management fee for each vessel is payable
monthly in advance based on the actual number of days in the month. The fee is fixed for the first two years of the agreement and will increase by 2.5% per year thereafter. The ship management
agreements are cancelable by us for any reason at any time upon 90&nbsp;days advance notice, but each charterer has the right to approve the replacement manager that we select. Tanker Management is
not be able to cancel the agreement prior to the second anniversary except for cause. Following the second anniversary, termination by Tanker Management requires at least 90&nbsp;days advance
notice. </FONT></P>

<P><FONT SIZE=2><B>Dividend Policy  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We intend to pay quarterly dividends to the holders of our common stock in March, June, September and December of each year, in amounts substantially equal to the
available cash from our operations during the previous quarter less cash expenses and any reserves established by our board of directors. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
board of directors may review and amend our dividend policy from time to time in accordance with any future growth of our fleet or for other reasons. Although we do not currently
have any commitment in place to purchase any specific vessels, we intend to grow our fleet by acquiring additional vessels in the future in a manner that is expected to be accretive to earnings and
dividends </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=8,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=166547,FOLIO='4',FILE='DISK134:[06NYC5.06NYC4565]CA4565A.;16',USER='JLAWRENA',CD='12-JAN-2007;17:53' -->
<A NAME="page_ca4565_1_5"> </A>
<BR>

<P><FONT SIZE=2>per
share over time. We expect to fund all or a portion of future vessel acquisitions with borrowings under the $150&nbsp;million vessel acquisition tranche of our credit facility. Upon acquiring an
additional vessel or vessels, our board of directors may limit our dividends per share to the amount that we would have been able to pay if all or a portion of our acquisition related debt had been
financed with equity as described in the section of this prospectus entitled "Dividend Policy." </FONT></P>


<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on the assumptions and the other matters set forth below and subject to the matters set forth under "Risk Factors," we estimate that the total amount of cash available for
distribution with respect



to the fourth quarter of 2006 and for full year 2007 will be $0.30 per share and $1.23 per share, respectively.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing dividend estimates do not give effect to the payment of any additional hire that we may receive under the profit sharing arrangements that are included in our charter
arrangements and are based on the following assumptions: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
basic hire is paid on our vessels and our vessels are on hire for 360&nbsp;days per twelve month period;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>we
have no cash expenses or liabilities other than the technical management fee payable under our ship management agreements, insurance premiums, vessel taxes, our current
directors' fees, the current salary and benefits of our executive officers, our other anticipated general and administrative expenses, interest payable on the $236&nbsp;million of indebtedness that
is outstanding under our credit facility, which we fixed for five years at a rate of 5.6% effective as of October&nbsp;18, 2005, and payments of commitment fees and other financing costs under our
credit facility;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>we
do not purchase any additional vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>we
do not pay any income taxes or have to fund any required capital expenditures with respect to our vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>no
cash reserves are established by our board of directors;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>we
are in compliance with the terms of our credit facility, which prohibits us from paying dividends if the charter-free market value of our vessels that secure
the credit facility is less than 135% of our borrowings under the facility plus the actual or notional cost of terminating any interest rate swaps that we enter, if there is a continuing default under
the credit facility or if the payment of the dividend would result in a default or breach of a loan covenant; and

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>30,009,250
shares of our common stock are outstanding at the time we make a dividend payment and no additional stock offerings or other capital raising transactions are made
by us.

 </FONT></DD>

</DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
timing and amount of dividend payments will be determined by our board of directors and will depend on, among other things, our cash earnings, financial condition, cash requirements
and the provisions of Marshall Islands law affecting the payment of dividends and other factors. Other than (i)&nbsp;the technical management fees payable under our ship management agreements, which
after two years are cancelable by Tanker Management upon 90&nbsp;days notice, (ii)&nbsp;interest that is payable on the $236&nbsp;million of indebtedness that is outstanding under our credit
facility, which we fixed for five years at a rate of 5.6% effective as of October&nbsp;18, 2005, (iii)&nbsp;commitment fees under our credit facility (for so long as we do not make any further
borrowings under the vessel acquisition facility or the working capital facility), (iv)&nbsp;salary paid to our executive officers, which is fixed during the terms of their employment agreements,
and (v)&nbsp;our directors' fees, none of our fees or expenses are fixed. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
cannot assure you that our future dividends will in fact be equal to the amounts set forth above or elsewhere in this prospectus. The amount of future dividends set forth above
represents only an estimate of future dividends based on our charters, ship management agreements, employment </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=9,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=368128,FOLIO='5',FILE='DISK134:[06NYC5.06NYC4565]CA4565A.;16',USER='JLAWRENA',CD='12-JAN-2007;17:53' -->
<A NAME="page_ca4565_1_6"> </A>
<BR>

<P><FONT SIZE=2>agreements,
current directors' fees and an estimate of our other expenses and assumes that we do not make any vessel acquisitions. The amount of future dividends, if any, could be affected by various
factors, including our cash earnings, financial condition and cash requirements, the loss of a vessel, the acquisition of one or more vessels, required capital expenditures, reserves established by
our board of directors, increased or unanticipated expenses, our ability to comply with the terms of our credit facility, a change in our dividend policy, additional borrowings or future issuances of
securities, many of which will be beyond our control. As a result, the amount of dividends actually paid, if any, may vary from the amounts currently estimated and such variations may be material. See
the section of this prospectus captioned "Risk Factors" for a discussion of the risks associated with our ability to pay dividends. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
believe that under current law, our dividend payments from earnings and profits constitute "qualified dividend income" and are generally subject to a 15% United States federal income
tax rate with respect to United States non-corporate stockholders. Distributions in excess of our earnings and profits will be treated first as a non-taxable return of capital
to the extent of a United States stockholder's tax basis in its common stock on a dollar-for-dollar basis and thereafter as capital gain. Please see the sections of this
prospectus entitled "Risk Factors&#151;Risk Relating to our Company&#151;Certain adverse U.S. federal income tax consequences could arise for U.S. holders" and "Tax Considerations" for
additional information regarding possible adverse tax treatment of dividend payments and the section entitled "Dividend Policy" for additional information regarding dividend payments generally. </FONT></P>


<P><FONT SIZE=2><B>Our Credit Facility  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;18, 2005, we entered into a $401&nbsp;million secured credit facility with The Royal Bank of Scotland that has a term of ten years, with no
principal amortization for the first five years. The credit facility consists of a $236&nbsp;million term loan, a $150&nbsp;million vessel acquisition facility and a $15&nbsp;million working
capital facility. The credit facility is secured by mortgages on all of our vessels, assignments of earnings and insurances and pledges over our bank accounts. We are the borrower under the credit
facility, and each of our vessel owning subsidiaries have guaranteed our obligations under the credit facility. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
borrowed the entire amount available under the term loan upon the completion of our IPO to fund a portion of the purchase price for the seven vessels that we acquired from OSG.
Subject to the satisfaction of a number of conditions, we are permitted to borrow up to the full amount of the vessel acquisition facility and up to the full amount of the working capital facility for
a period of five years from the closing of the credit facility. Commencing on the fifth anniversary of the closing of the credit facility, the term loan will become repayable in quarterly installments
over a five year period and the committed amounts of the vessel acquisition facility and the working capital facility will be reduced quarterly over a five year period (with any excess borrowings
becoming repayable at the time of reduction). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowings
under the term loan and the working capital facility will bear interest at an annual rate of LIBOR plus a margin of 0.70%. Borrowings under the vessel acquisition facility
will bear interest at an annual rate of LIBOR plus a margin of 0.85%. To reduce our exposure to fluctuations in interest rates, we entered an interest rate swap on October&nbsp;18, 2005 pursuant to
which we fixed the interest rate for five years on the full amount of our term loan at 5.60%. We were required to pay a $1.5&nbsp;million fee in connection with the arrangement of our credit
facility (which we funded with a portion of the net proceeds from the IPO) and a commitment fee of 0.3% per annum, which will be payable quarterly in arrears, on the undrawn portion of the facility. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
see the section of this prospectus entitled "Our Credit Facility" for additional information regarding our credit facility. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=10,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=43165,FOLIO='6',FILE='DISK134:[06NYC5.06NYC4565]CA4565A.;16',USER='JLAWRENA',CD='12-JAN-2007;17:53' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_cc4565_1_7"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cc4565_the_offering"> </A>
<A NAME="toc_cc4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>THE OFFERING    <BR>    </B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2>Issuer</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%" VALIGN="BOTTOM"><FONT SIZE=2>Double Hull Tankers, Inc., a Marshall Islands company.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="50%" VALIGN="TOP"><FONT SIZE=2><BR>
Common stock offered by the selling stockholder in this offering</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
4,600,000 shares</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2><BR>
Common stock outstanding</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
30,009,250 shares</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2><BR>
Use of Proceeds</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
The selling stockholder will receive all of the net proceeds from the sale of shares of our common stock in this offering. We are registering the shares of our common stock offered hereby pursuant to a registration rights agreement with the selling
stockholder.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2><BR>
NYSE Symbol</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
"DHT"</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2><BR>
Risk Factors</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%" VALIGN="BOTTOM"><FONT SIZE=2><BR>
See "Risk Factors" beginning on page 10 of this prospectus for a discussion of factors that you should carefully consider before deciding to invest in shares of our common stock.</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=11,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=390109,FOLIO='7',FILE='DISK134:[06NYC5.06NYC4565]CC4565A.;9',USER='JPERLST',CD='11-JAN-2007;19:19' -->
<A NAME="page_cc4565_1_8"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cc4565_summary_combined_financial_and_other_data"> </A>
<A NAME="toc_cc4565_2"> </A>
<BR></FONT><FONT SIZE=2><B>SUMMARY COMBINED FINANCIAL AND OTHER DATA    <BR>    </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We present below our summary consolidated and combined financial and other data as of and for each of the periods indicated. The following summary combined
financial and other data summarize our historical financial and other information for Double Hull Tankers,&nbsp;Inc. ("DHT") for the period from October&nbsp;18, 2005 through December&nbsp;31,
2005 and for our predecessor ("predecessor") for periods prior to October&nbsp;18, 2005. We have derived the summary statement of operations data set forth below for the years ended
December&nbsp;31, 2003, 2004 and 2005 and the summary balance sheet data as of December&nbsp;31, 2004 and 2005 from DHT's consolidated audited financial statements and from our predecessor
combined carve-out financial statements included in this prospectus. The summary balance sheet data set forth below as of December&nbsp;31, 2003 have been derived from our predecessor
combined carve-out financial data not included in this prospectus. The summary combined financial and other data for the nine months ended September&nbsp;30, 2005 and September&nbsp;30, 2006 and
as of September&nbsp;30, 2006 have been derived from the unaudited financial statements of DHT and our predecessor included elsewhere in this prospectus and reflect all adjustments that, in the
opinion of management, are necessary for a fair presentation of such financial information. This information should be read in conjunction with other information presented in this prospectus,
including "Selected Combined Financial and Other Data" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our historical predecessor combined
carve-out financial statements and the notes thereto included elsewhere in this prospectus.

 </FONT>

</P>




<!-- User-specified TAGGED TABLE -->
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Year ended<BR>
December 31, 2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Nine months ended<BR>
September 30,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Year ended<BR>
December 31,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Predecessor<BR>
Jan. 1-Oct. 17</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Successor<BR>
Oct. 18-Dec.&nbsp;31</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Predecessor<BR>
2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Successor<BR>
2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=17 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands, except per share data, fleet data and average daily time charter equivalent rates)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1><B>Statement of operations data:</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Shipping revenues(1)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>66,192</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>136,205</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>84,134</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>20,173</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>79,572</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>64,860</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Income from vessel operations</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>35,364</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>95,335</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>48,708</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>12,274</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>47,607</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>36,500</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Net income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>29,431</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>86,690</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>43,641</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>9,469</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>42,540</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>26,718</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Net income per share &#151; basic and diluted</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>0.32</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>0.89</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><BR><FONT SIZE=1><B>Balance sheet data (at end of period):</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Total assets</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>376,193</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>388,518</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>364,062</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>359,493</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>352,470</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Stockholders' equity</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>37,604</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>124,798</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>117,234</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>282,958</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>106,822</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><BR><FONT SIZE=1><B>Cash flow data:</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Net cash provided by operating activities(1)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>41,272</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>84,248</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>83,039</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>15,893</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>71,277</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>40,555</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><BR><FONT SIZE=1><B>Fleet data:</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Number of tankers owned (at end of period)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>7</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Revenue days(2)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,887</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>2,451</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>1,987</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>520</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>1,879</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>1,848</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><BR><FONT SIZE=1><B>Average daily time charter equivalent rate(3):</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>VLCCs</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>41,786</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>77,422</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>53,392</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>50,300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>54,044</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>47,200</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=1>Aframaxes</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>25,463</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>38,831</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>33,296</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>30,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>33,097</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>26,204</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD><FONT SIZE=1>Amounts
applicable to periods prior to 2006 have been reclassified to conform to the current presentation.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD><FONT SIZE=1>Revenue
days consist of the aggregate number of calendar days in a period in which our vessels are owned by us less days on which a vessel is off hire. Off hire days are days a vessel
is unable to perform the services for which it is required under a time charter. Off hire days include days spent undergoing repairs and drydockings, whether or not scheduled.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD><FONT SIZE=1>Average
daily time charter equivalent rates, or TCE rates, are a standard industry measure of daily revenue performance. We calculate TCE rates by dividing our time charter equivalent
revenues in a period by the number of revenue days in the period. Time charter equivalent revenues represent shipping revenues less voyage expenses. Voyage expenses consist of cost of bunkers (fuel),
port and canal charges and brokerage commissions. </FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We were incorporated in the Marshall Islands in April&nbsp;2005. Our principal executive offices are located at 26 New Street, St. Helier,
Jersey JE23RA, the Channel Islands. Our telephone number is +44 (0)&nbsp;1534 639759. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>8</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=12,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=803243,FOLIO='8',FILE='DISK134:[06NYC5.06NYC4565]CC4565A.;9',USER='JPERLST',CD='11-JAN-2007;19:19' -->
<A NAME="page_cc4565_1_9"> </A>
<BR>

<P><FONT SIZE=2><B>Enforceability of Civil Liabilities  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Double Hull Tankers,&nbsp;Inc. is a Marshall Islands company and our principal executive offices are located outside the United States in Jersey, the Channel
Islands. A majority of our directors and officers and certain of the experts named in the prospectus reside outside the United States. In addition, a substantial portion of our assets and the assets
of our directors, officers and certain of our experts are located outside the United States. As a result, you may have difficulty serving legal process within the United States upon us or any of these
persons. You may also have difficulty enforcing, both in and outside the United States, judgments you may obtain in United States courts against us or these persons in any action, including actions
based upon the civil liability provisions of United States federal or state securities laws. Furthermore, it is uncertain whether the courts of the Marshall Islands would enter judgments in original
actions brought in those courts predicated on United States federal or state securities laws. </FONT></P>


<P><FONT SIZE=2><B>Industry and Market Data  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maritime Strategies International&nbsp;Ltd., or MSI, an independent consulting company, has provided us with statistical data regarding the tanker industry that
we use in the discussion of the tanker industry contained in the section of this prospectus entitled "The International Tanker Industry." MSI has advised us that the statistical information contained
herein is drawn from its database and a number of industry sources. MSI's methodologies for collecting data, and therefore the data collected, may differ from those of other sources, and its data does
not reflect all of the actual transactions occurring in the market. MSI's data compilation is subject to limited audit and validation procedures by MSI, and neither we nor any of our affiliates have
independently verified this data. We believe that the information and data supplied by MSI is accurate in all material respects and we have relied upon such information for purposes of this
prospectus. In addition, MSI has confirmed to us, and we believe that this information is a general, accurate description of the international tanker industry. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>9</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=13,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=2978,FOLIO='9',FILE='DISK134:[06NYC5.06NYC4565]CC4565A.;9',USER='JPERLST',CD='11-JAN-2007;19:19' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ce4565_1_10"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ce4565_risk_factors"> </A>
<A NAME="toc_ce4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>RISK FACTORS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You should carefully consider the following information about risks, together with the other information contained in this prospectus before making an investment
in our common stock. Some of the following risks relate principally to us and our business and the industry in which we operate. Other risks relate principally to the securities market and ownership
of our shares. If any of the circumstances or events described below actually arise or occur, our business, results of operations, financial condition and cash available for dividends could be
materially adversely affected. In any such case, the market price of our common stock could decline, and you could lose all or part of your investment. The risks described below are not the only ones
that may exist. Additional risks not currently known by us or that we deem immaterial may also impair our business operations. </FONT></P>

<P><FONT SIZE=2><B>Risks Relating to Our Company  </B></FONT></P>

<P><FONT SIZE=2><B>We cannot assure you that we will pay any dividends.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We intend to pay dividends on a quarterly basis in amounts determined by our board of directors. We expect our dividends will be substantially equal to the
available cash from our operations during the previous quarter, less cash expenses and any reserves established by our board of directors. We expect that most of such expenses will initially be fixed
and will consist primarily of technical management fees payable under our ship management agreements, directors' fees, salaries and benefits of our executive officers, payments of insurance premiums,
vessel taxes, payments of interest on $236&nbsp;million of indebtedness that is outstanding under our credit facility, which we fixed for five years at a rate of 5.6% effective as of
October&nbsp;18, 2005, payments of commitment fees and other financing costs under our credit facility, and other general and administrative expenses. For more information on our credit facility,
please see "Our Credit Facility." There can be no assurance that we will not have other cash expenses or liabilities, including extraordinary expenses, which could include the costs of claims and
related litigation expenses. There can be no assurance that the amounts currently anticipated for any of the items set forth above will not increase, that we will not have to fund any required capital
expenditures for our vessels or that we will not be subject to other circumstances that reduce or eliminate the amount of cash that we have available for the payment of dividends. In addition, we may
acquire additional vessels, which may not benefit from the same chartering and management
arrangements that we have for our initial fleet of seven vessels. Although our board does not currently anticipate establishing any reserves, there can be no assurance that our board of directors will
determine not to establish reserves or otherwise change our dividend policy. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
amounts of future dividends set forth under "Prospectus Summary" and "Dividend Policy" represent only estimates of future dividends based on our charter contracts, ship management
agreements, estimates of our other expenses and the other matters and assumptions set forth therein and assume that none of our expenses will increase during the periods presented in the table. The
timing and amount of future dividends, if any, could be affected by various factors, including our earnings, financial condition and anticipated cash requirements, the loss of a vessel, the
acquisition of one or more vessels, required capital expenditures, reserves established by our board of directors, increased or unanticipated expenses, including insurance premiums, a change in our
dividend policy, increased borrowings, future issuances of securities or the other risks described in this section of the prospectus, many of which will be beyond our control. In addition, the
declaration of dividends is subject at all times to the discretion of our board of directors. As a result, the amount of dividends actually paid may vary from the amounts currently estimated and such
variations may be material. Also, these factors could result in a high degree of variability from period to period in the amount of cash that we have available for the payment of dividends. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>10</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=14,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=104580,FOLIO='10',FILE='DISK134:[06NYC5.06NYC4565]CE4565A.;9',USER='JPERLST',CD='11-JAN-2007;19:21' -->
<A NAME="page_ce4565_1_11"> </A>
<BR>

<P><FONT SIZE=2><B>Our ability to pay dividends is limited by our credit facility.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have entered into a $401&nbsp;million secured credit facility with The Royal Bank of Scotland that consists of a $236&nbsp;million term loan, a
$150&nbsp;million vessel acquisition facility and a $15&nbsp;million working capital facility. Our credit facility provides that we may not pay dividends if the charter-free market
value of our vessels that secure the credit facility is less than 135% of our borrowings under the facility plus the actual or notional cost of terminating any interest rate swaps that we enter, if
there is a continuing default under the credit facility or if the payment of the dividend would result in a default or breach of a loan covenant. Please see the section of this prospectus entitled
"Our Credit Facility". Our ability to declare and pay dividends will therefore depend on whether we are in compliance with our credit facility, the market value of our vessels and the value of our
swap agreement. Because we are not required, and do not expect to make, any principal payments during the first five years of the credit facility, the difference between the market value of our
vessels and the outstanding borrowings under our credit facility may decrease over time, as vessels generally decrease in value as they age. Therefore, our ability to comply with our financial ratio
covenants and to make dividend payments under our credit facility may decrease as the facility approaches its fifth anniversary. In addition, following the fifth anniversary of the credit facility, we
will be required to make principal repayments of approximately $6&nbsp;million per quarter on the term loan until its final maturity in 2015, when a final payment of approximately
$121&nbsp;million will be due. We will also be required to begin making principal repayments of our indebtedness, if any, that may then be outstanding under the vessel acquisition facility and the
working capital facility. Therefore, unless we are able to refinance borrowings under our credit facility with new indebtedness that has a later maturity date, following the fifth anniversary of the
credit facility, the amount of cash that we will have
available to pay as dividends in any period will be decreased by the amount of any principal repayments that we are required to make. </FONT></P>

<P><FONT SIZE=2><B>We cannot assure you that we will be able to borrow additional amounts under our credit facility, and restrictive covenants in our credit facility may impose financial and
other restrictions on us.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our credit facility with The Royal Bank of Scotland includes a $150&nbsp;million vessel acquisition facility and a $15&nbsp;million working capital facility.
We may borrow amounts under the acquisition facility from time to time in connection with future vessel acquisitions and, if necessary, borrow amounts under the working capital facility to fund our
liquidity needs. Our ability to borrow amounts under these facilities will be subject to the execution of customary documentation, including security documents, satisfaction of certain customary
conditions precedent and compliance with terms and conditions included in the loan documents. Our ability to borrow amounts under the vessel acquisition facility will also be subject to, among other
things, all of our borrowings under the credit facility not exceeding 65% of the charter-free market value of the vessels that secure our obligations under the credit facility, calculated
as though we had completed the subject transaction. Our ability to borrow under the vessel acquisition facility, in each case, will be subject to the vessel's age, size and hull type meeting certain
criteria and our lender's approval of the vessel acquisition. Our lender's approval of the vessel acquisition will be based on the lender's satisfaction of the vessel's ability to generate earnings
that are sufficient to fund related principal payments as they become due and our ability to raise additional capital through equity issuances in amounts acceptable to our lender. To the extent that
we are not able to satisfy these requirements, including as a result of a decline in the value of our vessels, we may not be able to draw down the full amount of the vessel acquisition facility
without obtaining a waiver or consent from the lender. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
credit facility imposes additional operating and financial restrictions on us. These restrictions may limit our ability to, among other things: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>pay
dividends if the charter-free market value of our vessels that secure our obligations under the credit facility is less than 135% of our borrowings under the
credit facility plus the notional or actual cost of terminating any interest rates swaps to which we are a party, if there is a </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>11</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=15,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=834468,FOLIO='11',FILE='DISK134:[06NYC5.06NYC4565]CE4565A.;9',USER='JPERLST',CD='11-JAN-2007;19:21' -->
<A NAME="page_ce4565_1_12"> </A>
<UL>
<UL>

<P><FONT SIZE=2>continuing
default under the credit facility or if the payment of the dividend would result in a default or breach of a loan covenant; </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>incur
additional indebtedness, including through the issuance of guarantees;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>change
the management of our vessels without the prior consent of the lender;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>permit
liens on our assets;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>sell
our vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>merge
or consolidate with, or transfer all or substantially all our assets to, another person;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>enter
into certain types of charters; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>enter
into a new line of business. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Therefore,
we may need to seek permission from our lender in order to engage in some corporate actions. Our lender's interests may be different from ours and we cannot guarantee that we
will be able to obtain our lender's permission when needed. This may limit our ability to pay dividends to you, finance our future operations, make acquisitions or pursue business opportunities. </FONT></P>


<P><FONT SIZE=2><B>We cannot assure you that we will be able to refinance any indebtedness incurred under our credit facility.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We cannot assure you that we will be able to refinance our indebtedness on terms that are acceptable to us or at all. The actual or perceived credit quality of
our charterers, any defaults by them, and the market value of our fleet, among other things, may materially affect our ability to obtain new debt financing. In addition, our charters include
provisions that will generally require us to use our best efforts to (i)&nbsp;negotiate security provisions with future lenders that would allow the charterers to continue their use of our vessels
so long as they comply with their charters, regardless of any default by us under the loan agreement or the charters and (ii)&nbsp;arrange for future lenders to allow the charterers
to purchase their loans and any related security at par if we default on our obligations under our charters or their loans. These provisions may make it more difficult for us to obtain acceptable
financing in the future, increase the costs of any such financing to us or increase the time that it takes to refinance our indebtedness. If we are not able to refinance our indebtedness, we will have
to dedicate a portion of our cash flow from operations to pay the principal and interest of our indebtedness. We cannot assure you that we will be able to generate cash flow in amounts that are
sufficient for these purposes. If we are not able to satisfy our debt service obligations with our cash flow from operations, we may have to sell our assets. If we are unable to meet our debt
obligations for any reason, our lenders could declare their debt, together with accrued interest and fees, to be immediately due and payable and foreclose on vessels in our fleet, which could result
in the acceleration of other indebtedness that we may have at such time and the commencement of similar foreclosure proceedings by other lenders. </FONT></P>

<P><FONT SIZE=2><B>We are highly dependent on the charterers and OSG.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of our vessels are chartered to wholly owned subsidiaries of OSG, which we refer to collectively as the charterers. The charterers' payments to us under the
charters are our sole source of revenue. OSG has guaranteed the payment of charter hire by the charterers. We are highly dependent on the performance by the charterers of their obligation under the
charters. Any failure by the charterers or OSG, as the guarantor of charter hire payments, to perform their obligations would materially and adversely affect our business, financial position and cash
available for the payment of dividends. Our stockholders do not have any direct recourse against the charterers or OSG. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>12</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=16,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=1017532,FOLIO='12',FILE='DISK134:[06NYC5.06NYC4565]CE4565A.;9',USER='JPERLST',CD='11-JAN-2007;19:21' -->
<A NAME="page_ce4565_1_13"> </A>
<BR>

<P><FONT SIZE=2><B>We may have difficulty managing our planned growth.  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We intend to grow our fleet by acquiring additional vessels in the future. Our future growth will primarily depend on: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>locating
and acquiring suitable vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>identifying
and consummating acquisitions or joint ventures;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>adequately
employing any acquired vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>managing
our expansion; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>obtaining
required financing on acceptable terms so that the acquisition is accretive to earnings and dividends per share. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Growing
any business by acquisition presents numerous risks, such as undisclosed liabilities and obligations, the possibility that indemnification agreements will be unenforceable or
insufficient to cover potential losses and difficulties associated with imposing common standards, controls, procedures and policies, obtaining additional qualified personnel, managing relationships
with customers and integrating newly acquired assets and operations into existing infrastructure. We cannot give any assurance that we will be successful in executing our growth plans, that we will be
able to employ acquired vessels under charters or ship management agreements with similar or better terms than those we have obtained from OSG and its subsidiaries or that we will not incur
significant expenses and losses in connection with our future growth. </FONT></P>

<P><FONT SIZE=2><B>Our dividend policy is subject to change at the discretion of our board of directors.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We currently intend to distribute all of our available cash from our operations, less cash expenses, to our stockholders in the form of dividends. However, our
dividend policy is subject to change at any time at the discretion of our board and our board may elect to change our dividend policy by establishing a reserve for, among other things, the repayment
of our credit facility or to help fund the acquisition of a vessel. It is likely that our board would establish a reserve to repay indebtedness if, as the maturity of our credit facility approaches in
2015, it becomes clear that refinancing terms, or the terms of a vessel sale, are unacceptable or inadequate. If our board were to establish such a reserve, the amount of cash available for dividend
payments would decrease by the amount of the reserve. In addition, our ability to pay dividends is limited by Marshall Islands law. Marshall Islands law generally prohibits the payment of dividends
other than from surplus, while a company is insolvent or if a company would be rendered insolvent by the payment of such a dividend. In addition, any dividend may be discontinued at the discretion of
our board. </FONT></P>

<P><FONT SIZE=2><B>Agreements between us and OSG and its affiliates may be less favorable than agreements that we could obtain from unaffiliated third parties.  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The memoranda of agreement, the charters, the ship management agreements and the other contractual agreements we have with OSG and its affiliates were made in the
context of an affiliated relationship and were negotiated in the overall context of the public offering of our shares, the purchase of our vessels and other related transactions. Because we were a
wholly owned subsidiary of OSG prior to the completion of the IPO, the negotiation of the memoranda of agreement, the charters, the ship management agreements and our other contractual arrangements
may have resulted in prices and other terms that are less favorable to us than terms we might have obtained in arm's length negotiations with unaffiliated third parties for similar services. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>13</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=17,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=306032,FOLIO='13',FILE='DISK134:[06NYC5.06NYC4565]CE4565A.;9',USER='JPERLST',CD='11-JAN-2007;19:21' -->
<A NAME="page_ce4565_1_14"> </A>
<BR>

<P><FONT SIZE=2><B>Our charters begin to expire in 2010 unless extended at the option of the charterers, and we may not be able to re-charter our vessels profitably.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Four of our charters expire approximately six years after the date of delivery of the chartered vessel to us and three expire approximately five years following
such date, unless in each case extended at the option of the applicable charterer for additional one-, two- or three-year periods. The charterers have the sole
discretion to exercise those options. We cannot predict whether the charterers will exercise any of their extension options under one or more of the charters. The charterers will not owe any fiduciary
or other duty to us or our stockholders in deciding whether to exercise the extension options, and the charterers' decisions may be contrary to our interests or those of our stockholders. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
cannot predict at this time any of the factors that the charterers will consider in deciding whether to exercise any of their extension options under the charters. It is likely,
however, that the charterers would consider a variety of factors, which may include the age and specifications of the chartered vessel, whether the vessel is surplus or suitable to the charterer's
requirements and whether more competitive charter hire rates are available to the charterers in the open market at that time. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the charterers decide not to extend our current charters, we may not be able to re-charter our vessels with terms similar to the terms of our charters. We may also employ
the vessels on the spot charter market, which is subject to greater rate volatility than the long-term time charter market in which we operate. If we receive lower charter rates under
replacement charters or are unable to re-charter all of our vessels, the amounts that we have available, if any, to pay distributions to our stockholders may be significantly reduced or
eliminated. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a time charter is renewed, the charter terms providing for profit sharing will remain in effect and the charterer, at the time of exercise, will have the option to select a basic
charter rate that is equal to (i)&nbsp;5% above the published one-, two- or three-year time charter rate (corresponding to the extension length) for the vessel's
class, as decided by a shipbrokers panel, or (ii)&nbsp;the basic hire rate set forth in the charter. The shipbrokers panel will be The Association of Shipbrokers and Agents Tanker Broker Panel or
another panel of brokers mutually acceptable to us and the charterer. If a charterer were to renew a charter, the renewal charter rate could be lower than the charter rate in existence prior to the
renewal. Furthermore, if our charters were to be renewed, we would not be able to take full advantage of more favorable spot market rates, should they exist at the time of renewal. As a result, the
amounts that we have available, if any, to pay distributions to our stockholders could be significantly reduced. </FONT></P>

<P><FONT SIZE=2><B>Our vessels, which currently operate in pools, may cease operating in those pools.  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our three VLCCs currently participate in the Tankers International Pool, which consists of OSG and seven other tanker companies, and our four Aframax tankers
currently participate in the Aframax International Pool, which has six members, including OSG. In a pooling arrangement, the net revenues generated by all of the vessels in a pool are aggregated and
distributed to pool members pursuant to a pre-arranged weighting system that recognizes each vessel's earnings capacity based on its cargo capacity, speed and consumption, and actual
on-hire performance. The charterers currently operate our VLCCs in the Tankers International Pool and our Aframaxes in the Aframax International Pool. Under our charter arrangements, we
are entitled to share in the revenues that the charterers realize from operating our vessels in these pools in excess of the basic hire paid to us. Pooling arrangements are intended to maximize tanker
utilization. Although OSG has indicated that it intends to keep all of our vessels in the pooling arrangements they are currently in, we cannot assure you that OSG will continue to use pooling
arrangements for our vessels or any of the vessels it manages. Also, if we were to acquire any additional vessels, we cannot assure you that they would operate in pools, particularly if those vessels
were not chartered to OSG. Further, because OSG voluntarily participates in the pools, we cannot predict whether the pools our vessels participate in will continue to exist in the future. In

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>14</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=18,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=500258,FOLIO='14',FILE='DISK134:[06NYC5.06NYC4565]CE4565A.;9',USER='JPERLST',CD='11-JAN-2007;19:21' -->
<A NAME="page_ce4565_1_15"> </A>
<BR>

<P><FONT SIZE=2>


addition, the EU is in the process of substantially reforming the way it regulates traditional agreements for maritime services from an antitrust perspective. These changes may impose new restrictions
on the way the pools are operated or may prohibit such pooling arrangements altogether. If for any reason our vessels cease to participate in a pooling arrangement or the pooling arrangements are
significantly restricted, their utilization rates could fall and the amount of additional hire paid could decrease, either of which could have an adverse affect on our results of operations and our
ability to pay dividends.

 </FONT></P>

<P><FONT SIZE=2><B>If Tanker Management opts to terminate any or all of our management agreements upon 90&nbsp;days notice beginning in October&nbsp;2007, our operating expenses could
materially increase.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under our ship management agreements, Tanker Management, a wholly owned subsidiary of OSG, is responsible for all of the technical and operational management of
our vessels and receives a technical management fee for its services. Each ship management agreement with Tanker Management is coterminous with the charter for the same vessel, but is cancelable by
Tanker Management for any reason upon 90&nbsp;days notice following the second anniversary of the agreement. In addition, we may terminate the ship management agreements for any reason at any time
upon 90&nbsp;days advance notice. Each charterer has the right to approve any replacement manager that we select; however, the approval may not be unreasonably withheld. In addition, each charterer
has the right to cause us to change the manager of its vessel under certain circumstances if it is dissatisfied with the manager's performance. In the event the ship management agreements are
terminated in October&nbsp;2007 by Tanker Management or sooner by us, we cannot assure you that we would be able to obtain similar fixed rate terms from another manager. In addition, if we terminate
the ship management agreements, we may be required to pay drydocking expenses that have been incurred by Tanker Management, which could be substantial, to the extent those expenses have not been
recouped through the drydock component of the technical management fee. If we incur greater expenses under replacement management agreements or due to the termination of our ship management
agreements, the amounts that we have available, if any, to pay distributions to our stockholders could be significantly reduced or eliminated. </FONT></P>

<P><FONT SIZE=2><B>Because we are a newly formed company with a limited separate operating history, our historical financial and operating data may not be representative of our future results.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are a newly incorporated company with a limited individual operating history. Four of the vessels we purchased from OSG were delivered to OSG between 2001 and
2004, one was delivered in 1997 and the remaining two were delivered in 1994. The historical predecessor combined carve-out financial statements included in this prospectus have been
prepared on a carve-out basis and reflect the historical business activities of OSG relating to our vessels. These predecessor financial statements do not reflect the results we would have
obtained under our current fixed rate long-term charters, ship management agreements and our financing arrangements and in any event are not a meaningful representation of our future
results of operations. </FONT></P>

<P><FONT SIZE=2><B>OSG's other business activities may create conflicts of interest.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under our charter arrangements with OSG, we are entitled to receive variable additional hire in amounts based on whether a vessel is part of a pooling
arrangement, is subchartered by the charterer under a time charter or is used on the spot market. OSG currently operates, and we expect the charterers to continue to operate, our VLCCs in the Tankers
International Pool and our Aframaxes in the Aframax International Pool. When operated in a pool, chartering decisions are made by the pool manager and vessel earnings are based on a formula designed
to allocate the pool's earnings to vessel owners based on attributes of the vessels they contributed, rather than amounts actually earned by those vessels. For these reasons, it is unlikely that a
conflict of interest will arise between us and OSG while our vessels are operated in a pool. However, if OSG withdraws from a pool or our vessels cease operating in a pool for any other reasons,
chartering decisions will effectively be made by OSG. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>15</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=19,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=85876,FOLIO='15',FILE='DISK134:[06NYC5.06NYC4565]CE4565A.;9',USER='JPERLST',CD='11-JAN-2007;19:21' -->
<A NAME="page_ce4565_1_16"> </A>
<BR>

<P><FONT SIZE=2>Although
our time charter arrangements expressly prohibit OSG from giving preferential treatment to any of the other vessels owned, managed by or under the control of OSG or its affiliates when
subchartering any of our vessels, conflicts of interest may arise between us and OSG in the allocation of chartering opportunities that could reduce our additional hire, particularly if our vessels
are subchartered by OSG in the time charter market outside of a pool. </FONT></P>

<P><FONT SIZE=2><B>We are leveraged and subject to restrictions in our financing agreements that impose constraints on our operating and financing flexibility.  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have entered into a $401&nbsp;million secured credit facility under which we initially borrowed approximately $236&nbsp;million under a term loan to
finance a portion of the cash purchase price for our vessels. In addition, we will have available to us under the same facility a $15&nbsp;million working capital line of credit and a
$150&nbsp;million vessel acquisition line of credit. We are required to apply a substantial portion of our cash flow from operations to the payment of interest on borrowings under the facility. Our
credit facility, which is secured by, among other things, mortgages over all of our vessels, assignments of earnings and insurances and pledges over our bank accounts, requires that we comply with
various operating covenants and maintain certain financial ratios, including that the charter-free market value of our vessels that secure the credit facility be no less than 120% of our
borrowings plus the actual or notional cost of terminating any swap agreements that we enter in order for us to satisfy collateral maintenance requirements and that the charter-free market
value of our vessels that secure the credit facility be no less than 135% of our borrowings plus the actual or notional cost of terminating any swap agreement that we enter in order for us to pay
dividends. We pay a floating rate of interest under our credit facility, although we fixed the interest rate for five years on our outstanding debt at a rate of 5.6% through a swap agreement effective
as of October&nbsp;18, 2005. </FONT></P>

<P><FONT SIZE=2><B>We are a holding company, and we depend on the ability of our subsidiaries to distribute funds to us in order to satisfy our financial and other obligations.  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are a holding company, and have no significant assets other than the equity interests in our subsidiaries. Our subsidiaries own all of our vessels, and
payments under our charters are made to our subsidiaries. As a result, our ability to pay dividends depends on the performance of our subsidiaries and their ability to distribute funds to us. Our
ability or the ability of our subsidiaries to make these distributions could be affected by a claim or other action by a third party, including a creditor, or by Marshall Islands law which regulates
the payment of dividends by companies. If we are unable to obtain funds from our subsidiaries, we will not be able to pay dividends. </FONT></P>

<P><FONT SIZE=2><B>Certain adverse U.S. federal income tax consequences could arise for U.S. holders.  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A foreign corporation will be treated as a "passive foreign investment company," or PFIC, for U.S. federal income tax purposes if either (1)&nbsp;at least 75%
of its gross income for any taxable year consists of certain types of "passive income" or (2)&nbsp;at least 50% of the average value of the corporation's assets produce or are held for the
production of those types of "passive income." For purposes of these tests, "passive income" includes dividends, interest, and gains from the sale or exchange of investment property and rents and
royalties other than rents and royalties which are received from unrelated parties in connection with the active conduct of a trade or business. For purposes of these tests, income derived from the
performance of services does not constitute "passive income." U.S. stockholders of a PFIC are subject to a disadvantageous U.S. federal income tax regime with respect to the income derived by the
PFIC, the distributions they receive from the PFIC and the gain, if any, they derive from the sale or other disposition of their shares in the PFIC. In particular, U.S. holders who are individuals
would not be eligible for the 15% tax rate on qualified dividends. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>16</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=20,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=754562,FOLIO='16',FILE='DISK134:[06NYC5.06NYC4565]CE4565A.;9',USER='JPERLST',CD='11-JAN-2007;19:21' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_cg4565_1_17"> </A> </FONT> <FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on our operations and representations made by OSG and us, including representations that certain terms of the ship management agreements and the charters with OSG's subsidiaries
are consistent with normal commercial practice, our tax counsel believes that it is more likely than not that we are not currently a PFIC. In this regard, we intend to treat the gross income we derive
or are deemed to derive from our time chartering activities as services income, rather than rental income. Accordingly, our tax counsel believes that it is more likely than not that our income from
our time chartering activities does not constitute "passive income," and that the assets we own and operate in connection with the production of that income do not constitute passive assets. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
is, however, no direct legal authority under the PFIC rules addressing our current and projected future operations. In addition, our tax counsel's opinion is based on
representations of OSG that have not been reviewed by the U.S. Internal Revenue Service, or IRS. Accordingly, no assurance can be given that the IRS or a court of law will accept our tax counsel's
position, and there is a risk that the IRS or a court of law could determine that we are a PFIC. Moreover, no assurance can be given that we would not constitute a PFIC for any future taxable year if
there were to be changes in the nature and extent of our operations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the IRS were to find that we are or have been a PFIC for any taxable year, our U.S. stockholders will face adverse U.S. tax consequences. Under the PFIC rules, unless those
stockholders make an election available under the Internal Revenue Code of 1986, as amended, or the Code, such stockholders would be liable to pay U.S. federal income tax at the then prevailing income
tax rates on ordinary income plus interest upon excess distributions and upon any gain from the disposition of our common stock, as if the excess distribution or gain had been recognized ratably over
the stockholder's holding period of our common stock. The 15% maximum tax rate for individuals would not be available for this calculation. See "Tax Considerations&#151;United States Federal
Income Taxation of Our Company" for a more comprehensive discussion of the U.S. federal income tax consequences to U.S. stockholders if we are treated as a PFIC. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, even if we are not a PFIC, under proposed legislation, dividends of a corporation incorporated in a country without a "comprehensive income tax system" paid to U.S.
individuals would not be eligible for the 15% tax rate. Although the term "comprehensive income tax system" is not defined in the proposed legislation, we believe this rule would apply to us, and
therefore that dividends paid by us would not be eligible for the 15% tax rate, because we are incorporated in the Marshall Islands. </FONT></P>

<P><FONT SIZE=2><B>Our operating income could fail to qualify for an exemption from U.S. federal income taxation, which will reduce our cash flow.  </B></FONT></P>


<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the Code, 50% of the gross shipping income of a vessel owning or chartering corporation, such as ourselves and our subsidiaries, that is attributable to
transportation that begins or ends, but that does not both begin and end, in the United States is characterized as U.S. source shipping income and such income is subject to a 4% U.S. federal income
tax without allowance for any deductions, unless that corporation qualifies for exemption from tax under Section&nbsp;883 of the Code and the Treasury regulations promulgated thereunder in August of
2003. Based on OSG's ownership and our review of applicable United States Securities and Exchange Commission, or SEC, documents, we believe that we do qualify for this statutory tax exemption and we
will take this position for U.S. federal income tax return reporting purposes. However, there are factual circumstances beyond our control that could cause us to lose the benefit of this tax exemption
in the future and thereby become subject to U.S. federal income tax on our U.S. source income. For example, if stockholders with a 5% or greater interest in our stock, including OSG or any of its
affiliates, were to collectively own 50% or more of the outstanding shares of our stock on more than half the days during the taxable year, we might not be able to qualify for exemption under Code
Section&nbsp;883. As of January&nbsp;16, 2007, OSG's affiliate, OSG International,&nbsp;Inc., or OIN, owned approximately 44.5% of our outstanding common


</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>17</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=21,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=58316,FOLIO='17',FILE='DISK134:[06NYC5.06NYC4565]CG4565A.;25',USER='JLAWRENA',CD='12-JAN-2007;17:54' -->
<A NAME="page_cg4565_1_18"> </A>
<BR>

<P><FONT SIZE=2>


stock. Accordingly, if one or more shareholders other than OSG and its affiliates (and other than investment companies registered under the Investment Company Act of 1940) own more than 5% of our
common stock for more than half the days during the taxable year, we could lose the benefit of this tax exemption for such year. Due to the factual nature of the issues involved, we can give no
assurances on our tax-exempt status in the future.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
we are not entitled to this exemption under Section&nbsp;883 for any taxable year, we would be subject for those years to a 4% United States federal income tax on our U.S. source
shipping income. The imposition of this taxation could have a negative effect on our business and would result in decreased earnings available for distribution to our stockholders. </FONT></P>

<P><FONT SIZE=2><B>We may be subject to taxation in the United Kingdom, which could have a material adverse affect on our results of operations.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If we were considered to be a resident of the United Kingdom or to have a permanent establishment in the United Kingdom, all or a part of our profits could be
subject to UK corporate tax, which currently has a maximum rate of 30%. We intend to operate in a manner so that we do not have a permanent establishment in the United Kingdom and so that we are not
resident in the United Kingdom, including by locating our principal place of business outside the United Kingdom, requiring our executive officers to be outside of the United Kingdom when making any
material decision regarding our business or affairs and by holding all of our board meetings outside of the United Kingdom.
However, because certain of our executive officers and directors reside in the United Kingdom, and because UK statutory and case law fail to definitively identify the activities that constitute a
trade being carried on in the United Kingdom through a permanent establishment, the UK taxing authorities may contend that we are subject to UK corporate tax. If the UK taxing authorities made such a
contention, we could incur substantial legal costs defending our position, and, if we were unsuccessful in our defense, our results of operations would be materially and adversely affected. </FONT></P>

<P><FONT SIZE=2><B>Risks Relating to Our Industry  </B></FONT></P>

<P>


<FONT SIZE=2><B>Vessel values have recently been at or near historically high levels, and charter rates are volatile. Significant decreases in values or rates could adversely affect our
financial condition and results of operations.

  </B></FONT>

</P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The tanker industry historically has been highly cyclical and vessel values have recently reached historical peaks. If the tanker industry is depressed in the
future when our charters expire or at a time when we may want to sell a vessel, our earnings and available cash flow may decrease. Our ability to re-charter our vessels on the expiration
or termination of the charters and the charter rates payable under any renewal or replacement charters will depend upon, among other things, economic conditions in the tanker market at that time.
Fluctuations in charter rates and vessel values result from changes in the supply and demand for tanker capacity and changes in the supply and demand for oil and oil products. Currently, vessel values
are at or near historically high levels. There can be no assurance that vessel values will not decline from current levels or that charter rates will be sufficient to provide us with additional hire
payments.

</FONT>

</P>

<P><FONT SIZE=2><B>The highly cyclical nature of the tanker industry may lead to volatile changes in charter rates and vessel values, which may adversely affect our earnings.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Factors affecting the supply and demand for tankers are outside of our control, and the nature, timing and degree of changes in industry conditions are
unpredictable and may adversely affect the values of our vessels and result in significant fluctuations in the amount of additional hire we earn, which could result in significant fluctuations in our
quarterly results. The factors that influence the demand for tanker capacity include: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>demand
for oil and oil products, which affect the need for tanker capacity; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>18</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=22,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=370781,FOLIO='18',FILE='DISK134:[06NYC5.06NYC4565]CG4565A.;25',USER='JLAWRENA',CD='12-JAN-2007;17:54' -->
<A NAME="page_cg4565_1_19"> </A>
<UL>
<UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>global
and regional economic and political conditions which among other things, could impact the supply of oil as well as trading patterns and the demand for various types
of vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>changes
in the production of crude oil, particularly by OPEC and other key producers, which impact the need for tanker capacity;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>developments
in international trade;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>changes
in seaborne and other transportation patterns, including changes in the distances that cargoes are transported;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>environmental
concerns and regulations;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>weather;
and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>competition
from alternative sources of energy. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
factors that influence the supply of tanker capacity include: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
number of newbuilding deliveries;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
scrapping rate of older vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
number of vessels that are out of service; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>environmental
and maritime regulations. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2><B>An oversupply of new vessels may adversely affect charter rates and vessel values.  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the capacity of new ships delivered exceeds the capacity of tankers being scrapped and lost, tanker capacity will increase. In addition, the newbuilding order
book, which extends to 2011, equaled about 34% of the existing world tanker fleet as of October&nbsp;2006, and we cannot assure you that the order book will not increase further in proportion to the
existing fleet. The newbuilding order book is not fully booked for 2010. If the supply of tanker capacity increases and the demand for tanker capacity does not increase correspondingly, charter rates
could materially decline and the value of our vessels could be adversely affected.

</FONT>

</P>

<P><FONT SIZE=2><B>The amount of additional hire that we receive under our charter arrangements, if any, will generally depend on prevailing spot market rates, which are volatile.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our initial fleet of seven vessels is operated under time charters with the charterers, and additional hire is paid to us pursuant to a charter framework
agreement entered among us and OIN and each of our and its subsidiaries. We receive a fixed minimum daily basic charter rate and may receive additional hire under these charter arrangements.
Additional hire, if any, is paid quarterly in arrears. The amount of additional hire is subject to variation depending on the charter hire received by the charterers through their pooling
arrangements, or if a vessel is not operated in a pool, charter rates in the time charter or spot charter markets, each of which is highly dependent on general tanker market conditions. We cannot
assure you that we will receive additional hire for any quarter. </FONT></P>

<P><FONT SIZE=2><B>Terrorist attacks and international hostilities can affect the tanker industry, which could adversely affect our business.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional terrorist attacks like those in New York on September&nbsp;11, 2001 and in London on July&nbsp;7, 2005, the outbreak of war or the existence of
international hostilities could damage the world economy, adversely affect the availability of and demand for crude oil and petroleum products and adversely affect our ability to
re-charter our vessels on the expiration or termination of the charters and the charter rates payable under any renewal or replacement charters. We conduct our operations internationally,
and our business, financial condition and results of operations may be adversely affected by changing economic, political and government conditions in the countries and regions where our </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>19</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=23,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=681018,FOLIO='19',FILE='DISK134:[06NYC5.06NYC4565]CG4565A.;25',USER='JLAWRENA',CD='12-JAN-2007;17:54' -->
<A NAME="page_cg4565_1_20"> </A>
<BR>

<P><FONT SIZE=2>vessels
are employed. Moreover, we operate in a sector of the economy that is likely to be adversely impacted by the effects of political instability, terrorist or other attacks, war or international
hostilities. </FONT></P>

<P><FONT SIZE=2><B>Our vessels call on ports located in countries that are subject to restrictions imposed by the U.S. government, which could negatively affect the trading price of our common
stock.  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From time to time, vessels in our fleet call on ports located in countries subject to sanctions and embargoes imposed by the U.S. government and countries
identified by the U.S. government as state sponsors of terrorism, such as Syria and Iran. From July&nbsp;1, 2005 through September&nbsp;30, 2006, vessels in our fleet have, while operating in
pools, made 4 calls to ports in Libya, 1 to ports in Syria and 7 to ports in Iran out of a total of 316&nbsp;calls on worldwide ports. On June&nbsp;30, 2006, Libya was removed from the U.S.
government's list of state sponsors of terrorism and is not subject to sanctions or embargoes, while Syria and Iran continue to be subject to sanctions and embargoes imposed by the U.S. government and
are identified by the U.S. government as state sponsors of terrorism. Although these sanctions and embargoes do not prevent our vessels from making calls to ports in these countries, potential
investors could view such port calls negatively, which could adversely affect our reputation and the market for our common stock. Investor perception of the value of our common stock may be adversely
affected by the consequences of war, the effects of terrorism, civil unrest and governmental actions in these and surrounding countries.

</FONT>

</P>

<P><FONT SIZE=2><B>The value of our vessels, which are near historically high levels, may be depressed at a time and in the event that we sell a vessel.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tanker values have generally experienced high volatility and values are currently near historically high levels. Investors can expect the fair market value of our
tankers to fluctuate, depending on general economic and market conditions affecting the tanker industry and competition from other shipping companies, types and sizes of vessels and other modes of
transportation. In addition, although four of our seven tankers were built in 2001 or more recently, as vessels grow older, they generally decline in value. These factors will affect the value of our
vessels at the time of any vessel sale. If for any reason we sell a tanker at a time when tanker prices have fallen, the sale may be at less than the tanker's carrying amount on our financial
statements, with the result that we would also incur a loss on the sale and a reduction in earnings and surplus, which could reduce our ability to pay dividends. </FONT></P>

<P><FONT SIZE=2><B>Vessel values may be depressed at a time when we are required to make a repayment under our credit facility, or when our credit facility matures, which could adversely affect
our liquidity and our ability to refinance our credit facility.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event of the sale or loss of a vessel, our credit facility requires us to prepay the facility in an amount proportionate to the market value of the sold or
lost vessel compared with the total market value of all of our vessels before such sale or loss. If vessel values are depressed at such a time, our liquidity could be adversely affected as the amount
that we are required to repay could be greater than the proceeds we receive from a sale. In addition, declining tanker values could adversely affect our ability to refinance our credit facility at its
maturity in 2015, as the amount that a new lender would be willing to lend on the same terms may be less than the amount we owe under the expiring facility. </FONT></P>

<P><FONT SIZE=2><B>We operate in the highly competitive international tanker market which could affect our financial position if the charterers do not renew our charters.  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The operation of tankers and transportation of crude oil and petroleum products are extremely competitive. Competition arises primarily from other tanker owners,
including major oil companies, as well as independent tanker companies, some of whom have substantially larger fleets and substantially greater resources than we do. Competition for the transportation
of oil and oil products can be intense and depends on price, location, size, age, condition and the acceptability of the tanker and its operators to the charterers. During the term of our charters,
our exposure to this competition is limited because </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>20</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=24,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=200466,FOLIO='20',FILE='DISK134:[06NYC5.06NYC4565]CG4565A.;25',USER='JLAWRENA',CD='12-JAN-2007;17:54' -->
<A NAME="page_cg4565_1_21"> </A>
<BR>

<P><FONT SIZE=2>of
the predominantly fixed rate nature of our charters. In the event that the charterers do not renew the charters when they expire (beginning in 2010) or terminate the charters for any reason, we
will have to compete with other tanker owners, including major oil companies and independent tanker companies for charters. Due in part to the fragmented tanker market, competitors with greater
resources may be able to offer better prices than us, which could result in our achieving lower revenues from our vessels. </FONT></P>

<P><FONT SIZE=2><B>Compliance with environmental laws or regulations may adversely affect our business.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our operations are affected by extensive and changing international, national and local environmental protection laws, regulations, treaties, conventions and
standards in force in international waters, the jurisdictional waters of the countries in which our vessels operate, as well as the countries of our vessels' registration. Many of these requirements
are designed to reduce the risk of oil spills and other pollution, and our compliance with these requirements can be costly. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
requirements can affect the resale value or useful lives of our vessels, require a reduction in carrying capacity, ship modifications or operational changes or restrictions, lead
to decreased availability of insurance coverage for environmental matters or result in the denial of access to certain jurisdictional waters or ports, or detention in, certain ports. Under local,
national and foreign laws, as well as international treaties and conventions, we could incur material liabilities, including cleanup obligations, in the event that there is a release of petroleum or
other hazardous substances from our vessels or otherwise in connection with our operations. We could also become subject to personal injury or property damage claims relating to the release of or
exposure to hazardous materials associated with our current or historic operations. Violations of or liabilities under environmental requirements also can result in substantial penalties, fines and
other sanctions, including in certain instances, seizure or detention of our vessels. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
could incur significant costs, including cleanup costs, fines, penalties, third-party claims and natural resource damages, as the result of an oil spill or other liabilities under
environmental laws. The United States Oil Pollution Act of 1990, or OPA, affects all vessel owners shipping oil or hazardous material to, from or within the United States. OPA allows for potentially
unlimited liability without regard to fault for owners, operators and bareboat charterers of vessels for oil pollution in U.S. waters. Similarly, the International Convention on Civil Liability for
Oil Pollution Damage, 1969, as amended, which has been adopted by most countries outside of the United States, imposes liability for oil pollution in international waters. OPA expressly permits
individual states to impose their own liability regimes with regard to hazardous materials and oil pollution incidents occurring within their boundaries. Coastal states in the United States have
enacted pollution prevention liability and response laws, many providing for unlimited liability. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPA
provides for the scheduled phase-out of all non-double hull tankers that carry oil in bulk in U.S. waters. The International Maritime Organization, or IMO, and the
European Union also have adopted separate phase-out schedules applicable to single-hull tankers operating in international and EU waters. These regulations will reduce the
demand for single-hull tankers, force the remaining single-hull vessels into less desirable trading routes, increase the number of ships trading in routes open to
single-hull vessels and could increase demands for further restrictions in the remaining jurisdictions that permit the operation of these vessels. As a result, single-hull
vessels are likely to be chartered less frequently and at lower rates. Although all of the tankers we acquired are double hulled, we cannot assure you that these regulatory programs will not apply to
vessels acquired by us in the future. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, in complying with OPA, IMO regulations, EU directives and other existing laws and regulations and those that may be adopted, shipowners may incur significant additional
costs in meeting new maintenance and inspection requirements, in developing contingency arrangements for potential spills and in obtaining insurance coverage. Government regulation of vessels,
particularly in the areas of safety and environmental requirements, can be expected to become more strict in the future and </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>21</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=25,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=305279,FOLIO='21',FILE='DISK134:[06NYC5.06NYC4565]CG4565A.;25',USER='JLAWRENA',CD='12-JAN-2007;17:54' -->
<A NAME="page_cg4565_1_22"> </A>
<BR>

<P><FONT SIZE=2>require
us to incur significant capital expenditures on our vessels to keep them in compliance, or even to scrap or sell certain vessels altogether. For example, various jurisdictions are considering
regulating the management of ballast waters to prevent the introduction of non-indigenous species that are considered to be invasive. As a result of accidents such as the
November&nbsp;2002 oil spill from the </FONT><FONT SIZE=2><I>Prestige</I></FONT><FONT SIZE=2>, a 26&nbsp;year old single-hull tanker unrelated to us, we believe that regulation of the
shipping industry will continue to become more stringent and more expensive for us and our competitors. In recent years, the IMO and EU have both accelerated their existing non-double hull
phase-out schedules in response to highly publicized oil spills and other shipping incidents involving companies unrelated to us. Future accidents can be expected in the industry, and such
accidents or other events could be expected to result in the adoption of even stricter laws and regulations, which could limit our operations or our ability to do business and which could have a
material adverse effect on our business and financial results. </FONT></P>

<P><FONT SIZE=2><B>The shipping industry has inherent operational risks, which could impair the ability of the charterers to make payments to us.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our tankers and their cargoes are at risk of being damaged or lost because of events such as marine disasters, bad weather, mechanical failures, human error, war,
terrorism, piracy, environmental accidents and other circumstances or events. In addition, transporting crude oil across a wide variety of international jurisdictions creates a risk of business
interruptions due to political circumstances in foreign countries, hostilities, labor strikes and boycotts, the potential for changes in tax rates or policies, and the potential for government
expropriation of our vessels. Any of these events could impair the ability of the charterers to make payments to us under our charters. </FONT></P>

<P><FONT SIZE=2><B>Our insurance coverage may be insufficient to make us whole in the event of a casualty or other catastrophic event, or fail to cover all of the inherent operational risks
associated with the tanker industry.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event of a casualty to a vessel or other catastrophic event, we will rely on our insurance to pay the insured value of the vessel or the damages incurred.
Under the ship management agreements, Tanker Management is responsible for arranging insurance for our fleet against those risks that we believe the shipping industry commonly insures against, and we
are responsible for the premium payments on such insurance. This insurance includes marine hull and machinery insurance, protection and indemnity insurance, which includes pollution risks and crew
insurance, and war risk insurance. Tanker Management is also responsible for arranging loss of hire insurance in respect of each of our vessels, and we are responsible for the premium payments on such
insurance. This insurance generally provides coverage against business interruption for periods of more than 21&nbsp;days (in the case of our VLCCs) or 14&nbsp;days (in the case of our Aframaxes)
per incident (up to a maximum of 120&nbsp;days) per incident, following any loss under our hull and machinery policy. We will not be reimbursed under the loss of hire insurance policies, on a per
incident basis, for the first 21&nbsp;days of off hire in the case of our VLCCs and for the first 14&nbsp;days in the case of our Aframaxes. Currently, the amount of coverage for liability for
pollution, spillage and leakage available to us on commercially reasonable terms through protection and indemnity associations and providers of excess coverage is $1&nbsp;billion per vessel per
occurrence. We cannot assure you that we will be adequately insured against all risks. If insurance premiums increase, we may not be able to obtain adequate insurance coverage at reasonable rates for
our fleet. Additionally, our insurers may refuse to pay particular claims. Any significant loss or liability for which we are not insured could have a material adverse effect on our financial
condition. In addition, the loss of a vessel would adversely affect our cash flows and results of operations. </FONT></P>

<P><FONT SIZE=2><B>Maritime claimants could arrest our tankers, which could interrupt the charterers' or our cash flow.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crew members, suppliers of goods and services to a vessel, shippers of cargo and other parties may be entitled to a maritime lien against that vessel for
unsatisfied debts, claims or damages. In many </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>22</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=26,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=887029,FOLIO='22',FILE='DISK134:[06NYC5.06NYC4565]CG4565A.;25',USER='JLAWRENA',CD='12-JAN-2007;17:54' -->
<A NAME="page_cg4565_1_23"> </A>
<BR>

<P><FONT SIZE=2>jurisdictions,
a maritime lien holder may enforce its lien by arresting a vessel through foreclosure proceedings. The arrest or attachment of one or more of our vessels could interrupt the charterers'
or our cash flow and require us to pay a significant amount of money to have the arrest lifted. In addition, in some jurisdictions, such as South Africa, under the "sister ship" theory of liability, a
claimant may arrest both the vessel that is subject to the claimant's maritime lien and any "associated" vessel, which is any vessel owned or controlled by the same owner. Claimants could try to
assert "sister ship" liability against one vessel in our fleet for claims relating to another vessel in our fleet. </FONT></P>

<P><FONT SIZE=2><B>Governments could requisition our vessels during a period of war or emergency without adequate compensation.  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A government could requisition one or more of our vessels for title or for hire. Requisition for title occurs when a government takes control of a vessel and
becomes her owner, while requisition for hire occurs when a government takes control of a vessel and effectively becomes her charterer at dictated charter rates. Generally, requisitions occur during
periods of war or emergency, although governments may elect to requisition vessels in other circumstances. Although we would be entitled to compensation in the event of a requisition of one or more of
our vessels, the amount and timing of payment would be uncertain. Government requisition of one or more of our vessels may negatively impact our revenues and reduce the amount of cash we have
available for distribution as dividends to our stockholders. </FONT></P>

<P><FONT SIZE=2><B>Risks Relating to Our Common Stock  </B></FONT></P>

<P><FONT SIZE=2><B>The market price of our common stock may be unpredictable and volatile.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The market price of our common stock may fluctuate due to factors such as actual or anticipated fluctuations in our quarterly and annual results and those of
other public companies in our industry; mergers and strategic alliances in the tanker industry; market conditions in the tanker industry; changes in government regulation; shortfalls in our operating
results from levels forecast by securities analysts; announcements concerning us or our competitors and the general state of the securities market. The tanker industry has been highly unpredictable
and volatile. The market for common stock in this industry may be equally volatile. </FONT></P>

<P><FONT SIZE=2><B>Future sales of our common stock could cause the market price of our common stock to decline.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The market price of our common stock could decline due to sales of a large number of shares in the market after this offering, or the perception that these sales
could occur. These sales or the perception that these sales could occur could also make it more difficult or impossible for us to sell equity securities in the future at a time and price that we deem
appropriate. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OSG International,&nbsp;Inc., or OIN, a subsidiary of OSG, beneficially owned approximately 44.5% of our outstanding common stock as of January&nbsp;16, 2007. In addition to the
registered sale of shares contemplated by this prospectus, OIN may sell its shares in unregistered sales that are subject to certain limitations on the timing, amount and method of those sales imposed
by Rule&nbsp;144 of the Securities Act of 1933.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition to the unregistered sales referred to above, pursuant to a registration rights agreement that we and OIN have entered, OIN has the right to cause us to register the sale of
shares of our common stock beneficially owned by it. If OIN were to sell a large number of its shares pursuant to a registered offering, the market price of our common stock could decline
significantly. In addition, the perception in the public markets that sales by OIN might occur could also adversely affect the market price of our common stock. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commencing on October&nbsp;18, 2006, all shares held by OIN and its affiliates became eligible to be sold into the public market pursuant to Rule&nbsp;144 under the Securities Act,
subject to certain volume

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>23</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=27,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=809216,FOLIO='23',FILE='DISK134:[06NYC5.06NYC4565]CG4565A.;25',USER='JLAWRENA',CD='12-JAN-2007;17:54' -->
<A NAME="page_cg4565_1_24"> </A>
<BR>

<P><FONT SIZE=2>


limitations. You should read the discussion under the heading entitled "Shares Eligible for Future Sale" for further information concerning potential sales of our shares after this offering.


</FONT></P>

<P><FONT SIZE=2><B>We are incorporated in the Marshall Islands, which does not have a well-developed body of corporate law.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our corporate affairs are governed by our amended and restated articles of incorporation and bylaws and by the Marshall Islands Business Corporations Act, or the
BCA. The provisions of the BCA resemble provisions of the corporation laws of a number of states in the United States. For a comparison of the provisions of the BCA relating to stockholders' rights to
those of the Delaware General Corporations Law, see page&nbsp;90. However, there have been few judicial cases in the Marshall Islands interpreting the BCA, and the rights and fiduciary
responsibilities of directors under the laws of the Marshall Islands are not as clearly established as the rights and fiduciary responsibilities of directors under statutes or judicial precedent in
existence in the United States. Therefore, the rights of stockholders of the Marshall Islands may differ from the rights of stockholders of companies incorporated in the United States. While the BCA
provides that it is to be interpreted according to the laws of the State of Delaware and other states with substantially similar legislative provisions, there have been few, if any, court cases
interpreting the BCA in the Marshall Islands and we can not predict whether Marshall Islands courts would reach the same conclusions that any particular United States court would reach or has reached.
Thus, you may have more difficulty in protecting your interests in the face of actions by the management, directors or controlling stockholders than would stockholders of a corporation incorporated in
a United States jurisdiction which has developed a relatively more substantial body of case law. </FONT></P>

<P><FONT SIZE=2><B>Our bylaws restrict stockholders from bringing certain legal action against our officers and directors.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our bylaws contain a broad waiver by our stockholders of any claim or right of action, both individually and on our behalf, against any of our officers or
directors. The waiver applies to any action taken by an officer or director, or the failure of an officer or director to take any action, in the performance of his or her duties, except with respect
to any matter involving any fraud or dishonesty on the part of the officer or director. This waiver limits the right of stockholders to assert claims against our officers and directors unless the act
or failure to act involves fraud or dishonesty. </FONT></P>

<P><FONT SIZE=2><B>We have anti-takeover provisions in our bylaws that may discourage a change of control.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our bylaws contain provisions that could make it more difficult for a third party to acquire us without the consent of our board of directors. These provisions
provide for: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>a
classified board of directors with staggered three-year terms, elected without cumulative voting;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>directors
only to be removed for cause and only with the affirmative vote of holders of at least a majority of the common stock issued and outstanding;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>advance
notice for nominations of directors by stockholders and for stockholders to include matters to be considered at annual meetings;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>a
limited ability for stockholders to call special stockholder meetings; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>our
board of directors to determine the powers, preferences and rights of our preferred stock and to issue the preferred stock without stockholder approval. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
provisions could make it more difficult for a third party to acquire us, even if the third party's offer may be considered beneficial by many stockholders. As a result,
stockholders may be limited in their ability to obtain a premium for their shares. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>24</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=28,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=741446,FOLIO='24',FILE='DISK134:[06NYC5.06NYC4565]CG4565A.;25',USER='JLAWRENA',CD='12-JAN-2007;17:54' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ci4565_1_25"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ci4565_cautionary_statement_re__ci402399"> </A>
<A NAME="toc_ci4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS    <BR>    </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This prospectus contains assumptions, expectations, projections, intentions and beliefs about future events, in particular under the headings "Prospectus
Summary," "Dividend Policy," "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations." When used in this document, words such as "believe," "intend,"
"anticipate," "estimate," "project," "forecast," "plan," "potential," "will," "may," "should," and "expect" and similar expressions are intended to identify forward-looking statements but are not the
exclusive means of identifying such statements. These statements are intended as "forward-looking statements." We may also from time to time make forward-looking statements in our periodic reports
that we will file with the SEC, other information sent to our security holders, and other written materials. We caution that assumptions, expectations, projections, intentions and beliefs about future
events may and often do vary from actual results and the differences can be material. The reasons for this include the risks, uncertainties and factors described under the section of this prospectus
entitled "Risk Factors."

 </FONT>

</P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
statements in this document that are not statements of historical fact are forward-looking statements. Forward-looking statements include, but are not limited to, such matters as: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>future
payments of dividends and the availability of cash for payment of dividends;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>future
operating or financial results, including with respect to the amount of basic hire and additional hire that we may receive;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>statements
about future, pending or recent acquisitions, business strategy, areas of possible expansion and expected capital spending or operating expenses;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>statements
about tanker industry trends, including charter rates and vessel values and factors affecting vessel supply and demand;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>expectations
about the availability of vessels to purchase, the time which it may take to construct new vessels or vessels' useful lives;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>expectations
about the availability of insurance on commercially reasonable terms;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>our
ability to repay our credit facility, to obtain additional financing and to obtain replacement charters for our vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>assumptions
regarding interest rates;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>changes
in production of or demand for oil and petroleum products, either globally or in particular regions;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>greater
than anticipated levels of newbuilding orders or less than anticipated rates of scrapping of older vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>changes
in trading patterns for particular commodities significantly impacting overall tonnage requirements;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>change
in the rate of growth of the world and various regional economies;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>risks
incident to vessel operation, including discharge of pollutants; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>unanticipated
changes in laws and regulations. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
undertake no obligation to publicly update or revise any forward-looking statements contained in this prospectus, whether as a result of new information, future events or otherwise,
except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this prospectus might not occur, and our actual results could differ
materially from those anticipated in these forward-looking statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>25</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=29,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=801641,FOLIO='25',FILE='DISK134:[06NYC5.06NYC4565]CI4565A.;7',USER='JPERLST',CD='11-JAN-2007;19:37' -->
<A NAME="page_ci4565_1_26"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ci4565_use_of_proceeds"> </A>
<A NAME="toc_ci4565_2"> </A>
<BR></FONT><FONT SIZE=2><B>USE OF PROCEEDS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The shares of our common stock being offered by this prospectus are solely for the account of the selling stockholder. We will not receive any proceeds from the
sale of our shares of our common stock by the selling stockholder. The selling stockholder will pay brokerage fees, selling commission and underwriting discounts, if any, incurred in connection with
disposing of the shares pursuant to this prospectus. Pursuant to a registration rights agreement that we entered into with the selling stockholder, the selling stockholder will also bear our costs,
fees and expenses incurred in effecting the registration of the shares covered by this prospectus. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>26</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=30,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=681299,FOLIO='26',FILE='DISK134:[06NYC5.06NYC4565]CI4565A.;7',USER='JPERLST',CD='11-JAN-2007;19:37' -->
<A NAME="page_ci4565_1_27"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ci4565_dividend_policy"> </A>
<A NAME="toc_ci4565_3"> </A>
<BR></FONT><FONT SIZE=2><B>DIVIDEND POLICY    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We intend to pay quarterly dividends to the holders of our common stock in March, June, September and December of each year in amounts substantially equal to the
available cash from our operations during the previous quarter less cash expenses and any reserves established by our board. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
board of directors may review and amend our dividend policy from time to time in accordance with any future growth of our fleet or for other reasons. Although we do not currently
have any commitment in place to purchase any specific vessels, we intend to grow our fleet by acquiring additional vessels in the future in a manner that is accretive to earnings and dividends per
share over time. We expect to fund all or a portion of any future vessel acquisitions with borrowings under the $150&nbsp;million vessel acquisition tranche of our credit facility. Upon acquiring an
additional vessel or
vessels, our board of directors may limit our dividends per share to the amount that we would have been able to pay if all or a portion of our acquisition related debt had been financed with equity.
In such a case, (i)&nbsp;our available cash from operations would be increased by the amount of interest expense incurred on the debt deemed to have been financed with equity during the related
period, and (ii)&nbsp;the number of shares outstanding would be increased by a number of shares that, if issued, would have generated net proceeds that would have been sufficient to repay the debt
deemed to have been financed with equity as of the beginning of the related period (based on the market price of our common stock as of the determination date). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
currently do not expect to have any cash expenses or other cash requirements other than: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
technical management fees payable to Tanker Management under the ship management agreements, which equal $15.6&nbsp;million annually through October&nbsp;2007 and
increase 2.5% annually thereafter;

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>insurance
premiums estimated to be $2.6&nbsp;million per year;

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>vessel
taxes estimated to be $100,000 per year;

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>directors'
fees, which we currently estimate to be $180,000 per year in the aggregate for all of our directors;

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
salaries and benefits of our executive officers, which we currently estimate to be $1.0&nbsp;million per year in the aggregate for all of our executive officers;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>payment
of interest on $236&nbsp;million of indebtedness that is outstanding under our credit facility, which we fixed for five years at a rate of 5.6% effective as of
October&nbsp;18, 2005;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>commitment
fees and other financial costs under our credit facility estimated to be $620,000 per year (assuming no further drawdowns); and

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>other
general and administrative expenses, which are estimated to equal $1.3&nbsp;million per year.

 </FONT></DD>

</DL>
</UL>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on the assumptions and the other matters set forth below and subject to the matters set forth under "Risk Factors," we estimate that the total amount of cash available for
distribution with respect to the fourth quarter of 2006 and for full year 2007 will be $0.30 per share and $1.23 per share, respectively.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing dividend estimates do not give effect to the payment of any additional hire that we may receive under the profit sharing arrangements that are included in our charter
arrangements and are based on the following assumptions: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
basic hire is paid on our vessels and our vessels are on hire for 360&nbsp;days per twelve month period;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>we
have no cash expenses or liabilities other than those set forth immediately above; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>27</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=31,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=15765,FOLIO='27',FILE='DISK134:[06NYC5.06NYC4565]CI4565A.;7',USER='JPERLST',CD='11-JAN-2007;19:37' -->
<A NAME="page_ci4565_1_28"> </A>
<UL>
<UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>we
do not purchase any additional vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>we
do not pay any income taxes or have to fund any required capital expenditures with respect to our vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>no
cash reserves are established by our board of directors;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>we
are in compliance with the terms of our credit facility, which prohibits us from paying dividends if the charter-free market value of our vessels is less than
135% of our borrowings plus the actual or notional cost of terminating any interest rate swap that we enter, if there is a continuing default under the credit facility or if the payment of the
dividend would result in a default or breach of a loan covenant; and

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>30,009,250
shares of our common stock are outstanding at the time we make a dividend payment and no additional stock offerings or other capital raising transactions are made
by us.

 </FONT></DD>

</DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
timing and amount of dividend payments will be determined by our board of directors and will depend on, among other things, our cash earnings, financial condition, cash requirements
and other factors. Other than (i)&nbsp;the technical management fees payable under our ship management agreements, which after two years are cancelable by Tanker Management upon 90&nbsp;days
notice, (ii)&nbsp;interest payable on the $236&nbsp;million of indebtedness that is outstanding under our credit facility, which we fixed for five years at a rate of 5.6% effective as of
October&nbsp;18, 2005, (iii)&nbsp;commitment fees under our credit facility (for so long as we do not make any further borrowings under the vessel acquisition facility or working capital
facility), (iv)&nbsp;salary paid to our executive officers, which is fixed during the terms of their employment agreements, and (v)&nbsp;our directors' fees, none of our fees or expenses are
fixed. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
cannot assure you that our future dividends will in fact be equal to the amounts set forth above or elsewhere in this prospectus. The amount of future dividends set forth above
represents only an estimate of future dividends based on our charters, ship management agreements, employment agreements, current directors' fees and an estimate of our other expenses and assumes that
we do not make any vessel acquisitions. The amount of future dividends, if any, could be affected by various factors, including our cash earnings, financial condition and cash requirements, the loss
of a vessel, the acquisition of one or more vessels, required capital expenditures, reserves established by our board of directors, increased or unanticipated expenses, our ability to comply with the
terms of our credit facility, a change in our dividend policy, additional borrowings or future issuances of securities, many of which will be beyond our control. As a result, the amount of dividends
actually paid, if any, may vary from the amounts currently estimated and such variations may be material. See the section of this prospectus captioned "Risk Factors" for a discussion of the risks
associated with our ability to pay dividends. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marshall
Islands law generally prohibits the payment of dividends other than from surplus or while a company is insolvent or would be rendered insolvent by the payment of such a
dividend. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
do not expect to pay any income taxes in the Marshall Islands. We also do not expect to pay any income taxes in the United States. See "Tax Considerations." </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>28</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=32,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=733866,FOLIO='28',FILE='DISK134:[06NYC5.06NYC4565]CI4565A.;7',USER='JPERLST',CD='11-JAN-2007;19:37' -->
<A NAME="page_ci4565_1_29"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ci4565_unaudited_pro_forma_financial_and_other_information"> </A>
<A NAME="toc_ci4565_4"> </A>
<BR></FONT><FONT SIZE=2><B>UNAUDITED PRO FORMA FINANCIAL AND OTHER INFORMATION    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
unaudited pro forma statement of operations for the year ended December&nbsp;31, 2005 gives effect to the events below as if they had occurred on January&nbsp;1, 2005: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>our
purchase of three VLCCs and four Aframaxes from subsidiaries of OSG;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>our
chartering of the vessels to the charterers under our charters;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>our
entry into the ship management agreements with Tanker Management;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>estimated
administrative and other expenses of $2.4&nbsp;million per year;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>our
borrowing of $236&nbsp;million under the term loan portion of our credit facility to pay a portion of the purchase price for our seven vessels and our entry into a
related fixed rate swap agreement to fix the effective interest rate for five years on the full amount of the term loan at a rate of 5.6% (which represents the fixed rate that we obtained as of
October&nbsp;18, 2005). </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
unaudited pro forma financial information is provided for illustrative purposes only and does not represent what our results of operations would actually have been if the events had
in fact occurred on January&nbsp;1, 2005 and is not representative of our results of operations for any future periods. Investors are cautioned not to place undue reliance on this unaudited pro
forma financial information. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>29</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=33,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=228549,FOLIO='29',FILE='DISK134:[06NYC5.06NYC4565]CI4565A.;7',USER='JPERLST',CD='11-JAN-2007;19:37' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ck4565_1_30"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ck4565_unaudited_pro_forma_statements__una02868"> </A>
<A NAME="toc_ck4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>UNAUDITED PRO FORMA STATEMENTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2005    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Successor<BR>
October 18<BR>
to<BR>
December 31</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Predecessor<BR>
January 1<BR>
to<BR>
October 17</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Pro Forma<BR>
Adjustments</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="CENTER"><FONT SIZE=1><B>Note</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Pro Forma</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=13 ALIGN="CENTER"><FONT SIZE=1><B>(Dollars in thousands, except per share amounts)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Shipping revenues</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>20,173</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>84,134</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(16,649</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>A</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>87,658</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><BR><FONT SIZE=2><B>Ship Operating Expenses</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><B><BR>&nbsp;</B></FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Voyage Expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>772</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(772</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>B</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Vessel Expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>3,675</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>14,433</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(228</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>C</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>17,880</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Depreciation and Amortization</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>3,478</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>14,462</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(1,028</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>D</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>16,912</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>General and Administrative</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>746</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5,759</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(4,105</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>E</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,400</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><BR><FONT SIZE=2><B>Total Ship Operating Expenses</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
7,899</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
35,426</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(6,133</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2><BR>
37,192</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="31%"><FONT SIZE=2><B>Income from Vessel Operations</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>12,274</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>48,708</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(10,516</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>50,466</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Other Income/(Expense)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(1,471</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,471</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>F</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Interest Expense to a Wholly-owned Subsidiary of OSG</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(574</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>574</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>F</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Interest Income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>67</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>67</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Interest Expense and Amortization of Deferred Debt Issuance Costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(2,872</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(3,022</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(8,100</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>F</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(13,994</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Income before Income Taxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>9,469</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>43,641</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(16,571</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>36,539</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Provision for Income Taxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="31%"><FONT SIZE=2>Net Income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>9,469</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>43,641</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(16,571</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>36,539</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Basic Net Income Per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>0.32</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1.22</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Diluted Net Income Per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>0.32</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1.22</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Shares Used in Computing<BR>
Basic Net Income per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>30,006,250</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>30,006,250</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Shares Used in Computing<BR>
Diluted Net Income per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>30,008,190</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>30,006,649</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>30</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=34,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=947659,FOLIO='30',FILE='DISK134:[06NYC5.06NYC4565]CK4565A.;16',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<A NAME="page_ck4565_1_31"> </A>

<P><FONT SIZE=2><B>Notes to Adjustments to Unaudited Pro Forma Statements of Operations  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The predecessor combined carve-out statements of operations included in this prospectus do not reflect the operating results that would have been
obtained under our current fixed-rate, long-term charters, ship management agreements and financing arrangements. As such, we have recorded pro forma adjustments to the
statements of operations for the year ended December&nbsp;31, 2005, which includes the predecessor combined carve-out statement of operations for the period from January&nbsp;1, 2005 through
October&nbsp;17, 2005, to reflect the results of operations under our fixed rate, long-term charters, ship management agreements and financing arrangements as if those contractual
arrangements had been in place on January&nbsp;1, 2005. Our fixed rate, long-term charters, ship management agreements and financing agreements became effective as of October&nbsp;18, 2005. Our
pro forma adjustments are described in more detail as follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;&nbsp;This
adjustment is to recognize the basic hire and additional hire payable under our fixed rate long-term charter arrangements. Under the terms of our charter
arrangements, the basic hire payable in respect of each vessel increases annually during the fixed charter term in accordance with a predetermined schedule. Under the terms of our charters, the total
amount of basic hire we would have earned for the period from January&nbsp;1 to October&nbsp;17, 2005 is $56.2&nbsp;million. In addition, our charter arrangements provide for the payment of
additional hire equal to 40% of the excess, if any, of the actual rate earned or deemed to be earned by each vessel over the basic hire rate then in effect. During 2005, the VLCCs operated in the
Tankers International Pool and the Aframaxes operated in the Aframax International Pool. Therefore, we have used the vessels' actual earnings in the pools as the basis for the pro forma additional
hire calculations. The additional hire that we would have earned for the period from January&nbsp;1 to October&nbsp;17, 2005 is $11.2&nbsp;million. The amounts for the period from
January&nbsp;1 to October&nbsp;17, 2005 are based on actual revenue days for each vessel and are estimated as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="16%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=18 ALIGN="CENTER"><FONT SIZE=1><B>Period from January 1 to October 17, 2005</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="16%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Basic<BR>
Hire<BR>
Rate</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="9%" ALIGN="CENTER"><FONT SIZE=1><B>Revenue<BR>
Days(1)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Basic Hire</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Additional<BR>
Hire Rate</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=1><B>Revenue<BR>
Days(1)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Additional<BR>
Hire</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Shipping<BR>
Revenues</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="16%"><FONT SIZE=2>VLCCs</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>37,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>x 856 =</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>31,843,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>6,844</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>x 856 =</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,858,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>37,701,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="16%"><FONT SIZE=2>Aframaxes (</FONT><FONT SIZE=2><I>Overseas Cathy </I></FONT><FONT SIZE=2>and </FONT><FONT SIZE=2><I>Overseas Sophie</I></FONT><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>24,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>x 580 =</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>14,210,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>4,800</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>x 580 =</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,784,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>16,994,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="16%"><FONT SIZE=2>Aframaxes (</FONT><FONT SIZE=2><I>Rebecca </I></FONT><FONT SIZE=2>and </FONT><FONT SIZE=2><I>Ania</I></FONT><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>18,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>x 551 =</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>10,194,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>4,711</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>x 551 =</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,596,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>12,790,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="16%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>56,247,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>11,238,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>67,485,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=17><FONT SIZE=2><BR>
Pro forma January 1 to October 17, 2005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2><BR>
67,485,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=17><FONT SIZE=2>Actual October 18 to December 31, 2005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>20,173,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>87,658,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Revenue
days consist of the aggregate number of calendar days in a period in which our vessels are owned by us less days on which a vessel is off hire. Off hire days are days a vessel
is unable to perform the services for which it is required under a time charter. Off hire days include days spent undergoing repairs and drydockings, whether or not scheduled. </FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;&nbsp;Amounts
for commissions and certain other voyage expenses that have been recognized in our predecessor combined carve-out financial statements
would not have been incurred had our current contractual arrangements been in place on January&nbsp;1, 2005. Therefore, pro forma adjustments have been made to eliminate those amounts. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;&nbsp;&nbsp;&nbsp;This
adjustment is to recognize that most vessel expenses, including drydocking, are incurred pursuant to our ship management agreements, with the exception of insurance
premiums and vessel </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>31</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=35,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=92584,FOLIO='31',FILE='DISK134:[06NYC5.06NYC4565]CK4565A.;16',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<A NAME="page_ck4565_1_32"> </A>
<BR>

<P><FONT SIZE=2>taxes,
for which we are responsible. Under the terms of our ship management agreements, most of our vessel expenses (excluding insurance premiums and vessel taxes) are fixed for the first two years of
the agreements and increase by 2.5% annually. Using the vessels' actual insurance premiums accrued with respect to each period and the management fees payable under the terms of our ship management
agreements, the total amount of vessel expenses we would have incurred for the period from January&nbsp;1, 2005 to October&nbsp;17, 2005 is $14.2&nbsp;million. This amount is based on 290 days
for each vessel. The cost per day is estimated as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="10%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=18 ALIGN="CENTER"><FONT SIZE=1><B>Period from January 1 to October 17, 2005</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="10%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Daily<BR>
Insurance<BR>
Expenses and<BR>
Vessel Taxes</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="CENTER"><FONT SIZE=1><B>Ship Operating<BR>
Days(1)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Insurance<BR>
Expense</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Daily<BR>
Management<BR>
Fees(2)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="CENTER"><FONT SIZE=1><B>Ship Operating<BR>
Days(1)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Management<BR>
Expenses</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Total Vessel<BR>
Expenses</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=2>VLCCs</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,301</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>x 870</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1,132,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>6,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>x 870 =</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5,655,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>6,787,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=2>Aframaxes</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>595</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>x 1,160</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>690,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5,800</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>x 1,160 =</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>6,728,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>7,418,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1,822,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>12,383,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>14,205,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="69%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="78%"><FONT SIZE=2>Pro forma January 1 to October 17, 2005</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>14,205,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="78%"><FONT SIZE=2>Actual October 18 to December 31, 2005</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>3,675,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="78%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="78%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>17,880,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="78%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Ship
operating days consist of the aggregate number of calendar days in a period in which the vessels are owned by our predecessor.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>This
amount assumes that all drydocking expenses are borne by the technical manager under our ship management agreements. In the event a ship management agreement is terminated, we
will share any drydocking costs and prepayments with the technical manager in accordance with the terms set forth in the ship management agreement. </FONT></DD></DL>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D.&nbsp;&nbsp;&nbsp;&nbsp;This
adjustment is to recognize the reversal of drydock amortization since the cost of drydockings is included in our ship management agreements. In the
event a ship management agreement is terminated, we will share any drydocking costs and prepayments with the technical manager in accordance with the terms set forth in the ship management agreement.
Depreciation is calculated on a straight-line basis for our seven vessels using a 25-year estimated useful life. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.&nbsp;&nbsp;&nbsp;&nbsp;This
adjustment is to recognize estimated general and administrative expenses of approximately $2,400,000 per year, which includes directors' fees and expenses, salaries
and benefits, office rent, legal and professional fees, directors and officers insurance, rent and miscellaneous fees and expenses. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F.&nbsp;&nbsp;&nbsp;&nbsp;This
adjustment is to recognize the interest expense in respect of $236&nbsp;million of indebtedness that we will incur under the term loan portion of our credit
facility and commitment fees and other financing costs under our credit facility. The adjustment is based on the five-year rate of 5.6% pursuant to a swap arrangement that we entered as of
October&nbsp;18, 2005. Interest expense also includes amortization of deferred debt issuance costs of $1,600,000 over ten years, which amounts to approximately $160,000 annually. See "Our Credit
Facility." We have also made a pro forma adjustment to remove the amount of interest expense payable to OSG as such amounts would not have been incurred if the issuance of 16,000,000 shares of our
common stock to the public in connection with the IPO had occurred and the $401&nbsp;million credit facility had been in place on January&nbsp;1, 2005. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>32</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=36,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=425681,FOLIO='32',FILE='DISK134:[06NYC5.06NYC4565]CK4565A.;16',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_cm4565_1_33"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cm4565_selected_combined_financial_and_other_data"> </A>
<A NAME="toc_cm4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>SELECTED COMBINED FINANCIAL AND OTHER DATA    <BR>    </B></FONT></P>


<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following selected combined financial and other data summarize our historical financial and other information for DHT for the period from October&nbsp;18,
2005 through December&nbsp;31, 2005 and for our predecessor for periods prior to October&nbsp;18, 2005. We have derived the selected statement of operations data set forth below for the years
ended December&nbsp;31, 2003, 2004 and 2005 and the selected balance sheet data as of December&nbsp;31, 2004 and 2005 from DHT's consolidated audited financial statements and from our predecessor
combined carve-out financial statements included in this prospectus. The selected financial and other data set forth below as of December&nbsp;31, 2001 and 2002 and for the years ended
December&nbsp;31, 2001 and 2002 have been derived from our predecessor combined carve-out financial statements not included in this prospectus. The selected combined financial and other
data for the nine months ended September&nbsp;30, 2005 and September&nbsp;30, 2006 and as of September&nbsp;30, 2006 have been derived from the unaudited financial statements of DHT and our
predecessor included elsewhere in this prospectus and reflect all adjustments that, in the opinion of management, are necessary for a fair presentation of such financial information. This information
should be read in conjunction with other information presented in this prospectus, including "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our historical
predecessor combined carve-out financial statements and the notes thereto.

 </FONT>

</P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="17%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER"><FONT SIZE=1><B>Year ended<BR>
December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Year ended<BR>
December 31, 2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Nine months ended<BR>
September&nbsp;30,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="17%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2001</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2002</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Predecessor<BR>
Jan. 1-Oct. 17</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Successor<BR>
Oct. 18-Dec. 31</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Predecessor<BR>
2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Successor<BR>
2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="17%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=23 ALIGN="CENTER"><FONT SIZE=1><B>(in thousands, except per share data, fleet data and average daily time charter equivalent rates)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1><B>Statement of operations data:</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Shipping revenues(1)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>47,496</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>31,733</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>66,192</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>136,205</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>84,134</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>20,173</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>79,572</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>64,860</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Total ship operating expenses(1)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>30,204</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>28,716</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>30,828</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>40,870</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>35,426</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>7,899</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>31,965</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>28,360</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Income from vessel operations</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>17,292</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>3,017</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>35,364</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>95,335</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>48,708</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>12,274</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>47,607</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>36,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Net Income (loss)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>8,444</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(4,763</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>29,431</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>86,690</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>43,641</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>9,469</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>42,540</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>26,718</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Net income per share&#151;basic and diluted</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>0.32</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>0.89</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><BR><FONT SIZE=1><B>Balance sheet data (at end of period):</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Newbuildings</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>17,322</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>66,951</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>36,202</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Vessels, net</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>308,086</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>295,071</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>326,458</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>355,571</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>339,491</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>343,755</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>326,840</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Total assets</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>331,109</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>372,783</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>376,193</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>388,518</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>364,062</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>359,493</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>352,470</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Short-term liabilities</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>2,130</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>6,564</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>7,319</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>7,243</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>10,828</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>940</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>9,648</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Long-term liabilities(2)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>314,239</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>357,826</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>331,270</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>256,477</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>236,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>75,595</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>236,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Stockholders' equity</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>14,740</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>8,393</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>37,604</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>124,798</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>117,234</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>282,958</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>106,822</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><BR><FONT SIZE=1><B>Cash flow data:</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Net cash provided by operating activities(1)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>19,444</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>3,728</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>41,272</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>84,248</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>83,039</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>15,893</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>71,277</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>40,555</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Net cash (used in) investing activities(1)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(40,551</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(50,116</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(14,496</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(9,696</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>(830</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>(412,580</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(817</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Net cash provided by (used in) financing activities</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>21,107</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>46,388</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(26,776</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(74,552</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>(82,209</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>412,580</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(70,460</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>(39,608</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- insert table folio -->
<BR>
<P ALIGN="CENTER"><FONT SIZE=2>33</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=37,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=604177,FOLIO='33',FILE='DISK134:[06NYC5.06NYC4565]CM4565A.;21',USER='WWASSER',CD='12-JAN-2007;12:34' -->
<A NAME="page_cm4565_1_34"> </A>
<!-- end of table folio -->


<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><BR><FONT SIZE=1><B>Fleet data:</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Number of tankers owned (at end of period)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>6</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Revenue days(3)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,224</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,780</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,887</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>2,451</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>1,987</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>520</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>1,879</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>1,848</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><BR><FONT SIZE=1><B>Average daily time charter equivalent rate(4):</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="11%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1><B><BR>
&nbsp;</B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><B><BR>&nbsp;</B></FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>VLCCs</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>34,890</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>18,679</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>41,786</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>77,422</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>53,392</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>50,300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>54,044</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>47,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="17%"><FONT SIZE=1>Aframaxes</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>29,411</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>16,005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>25,463</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>38,831</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=1>33,296</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>30,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>33,097</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>26,204</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>


<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD><FONT SIZE=1>Amounts
applicable to periods prior to 2006 have been reclassified to conform to the current presentation.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD><FONT SIZE=1>Includes
loans payable to OSG.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>(3)</FONT></DT><DD><FONT SIZE=1>Revenue
days consist of the aggregate number of calendar days in a period in which our vessels are owned by us less days on which a vessel is off hire. Off hire days are days a vessel
is unable to perform the services for which it is required under a time charter. Off hire days include days spent undergoing repairs and drydockings, whether or not scheduled.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>(4)</FONT></DT><DD><FONT SIZE=1>Average
daily time charter equivalent rates, or TCE rates, are a standard industry measure of daily revenue performance. We calculate TCE rates by dividing our time charter equivalent
revenues in a period by the number of revenue days in the period. Time charter equivalent revenues represent shipping revenues less voyage expenses. Voyage expenses consist of cost of bunkers (fuel),
port and canal charges and brokerage commissions. </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>34</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=38,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=85599,FOLIO='34',FILE='DISK134:[06NYC5.06NYC4565]CM4565A.;21',USER='WWASSER',CD='12-JAN-2007;12:34' -->
<A NAME="page_cm4565_1_35"> </A>
<P ALIGN="CENTER"><FONT SIZE=1><A
NAME="cm4565_management_s_discussion_and_an__man03466"> </A>
<A NAME="toc_cm4565_2"> </A>
<BR></FONT><FONT SIZE=2><B>MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND<BR>  RESULTS OF OPERATIONS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You should read the following discussion and analysis in conjunction with our consolidated financial statements and our predecessor combined carve-out
financial statements, which we call our combined financial statements, and the related notes thereto included elsewhere in this prospectus. This Management's Discussion and Analysis of Financial
Condition and Results of Operations contains forward-looking statements. Please see "Cautionary Note Regarding Forward-Looking Statements" for a discussion of the risks, uncertainties and assumptions
relating to these statements. Our actual results may differ from those contained in the forward-looking statements and such differences may be material. </FONT></P>

<P><FONT SIZE=2><B>Overview&#151;Predecessor  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the period from January&nbsp;1, 2005 through October&nbsp;17, 2005 and for the years ended December&nbsp;31, 2003 and 2004, the combined financial
statements presented herein with respect to our seven vessels have been carved out of the consolidated financial statements of OSG. Our financial position, results of operations and cash flows
reflected in our combined financial statements are not indicative of those that would have been achieved had we operated as an independent stand-alone entity for all periods presented or of future
results. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We refer to the companies that owned our seven vessels collectively as our predecessor, or, in the financial statements that form&nbsp;a part of this registration statement, as OSG
Crude. Our predecessor's fleet consisted of the same vessels that we acquired upon the completion of the IPO: three modern,



double hull VLCCs and four modern, double hull Aframaxes that have a combined carrying capacity of 1.3&nbsp;million dwt. All of these vessels operated in pools during the nine months ended
September&nbsp;30, 2006 and the three years ended December&nbsp;31, 2005 or since delivery of the vessel.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent the assets, liabilities, revenues and expenses relate to our predecessor, these have been identified and carved out for inclusion in our combined financial statements.
OSG's shipping interests and other assets, liabilities, revenues and expenses that do not relate to our seven vessels are not included in our combined financial statements. In addition, the
preparation of our combined financial statements required the allocation of certain expenses where these items were not identifiable as related to our predecessor. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General
and administrative expenses, consisting primarily of salaries and other employee related costs, office rent, legal and professional fees and travel and entertainment were
allocated based on the total number of vessels (weighted by days owned by our predecessor) in the respective fleets of our predecessor and OSG for each of the periods presented. Management believes
that the allocation of general and administrative expenses was based on a reasonable method. </FONT></P>

<P><FONT SIZE=2><B>Business  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;18, 2005, we acquired the seven vessels in our fleet. We have chartered our vessels to subsidiaries of OSG under fixed rate charters for minimum
terms of five to six and one-half years. The charters commenced on the delivery of the vessels to us. The charters also contain various options for the charterers to extend the minimum
terms of the charters in increments of one, two or three years up to a maximum of five, six or eight years, depending on the vessel, from the initial expiration date. See the section of this
prospectus entitled "Business&#151;Charter Arrangements" for a more detailed description of our charter arrangements. We have also entered into ship management agreements with a subsidiary of
OSG for the technical management of our vessels that substantially fix our operating expenses (excluding insurance premiums and vessel taxes) for two years. See the section of this prospectus entitled
"Business&#151;Ship Management Agreements" for a more detailed description of our ship management agreements. When they were owned by our predecessor, our vessels were operated </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>35</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=39,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=525915,FOLIO='35',FILE='DISK134:[06NYC5.06NYC4565]CM4565A.;21',USER='WWASSER',CD='12-JAN-2007;12:34' -->
<A NAME="page_cm4565_1_36"> </A>
<BR>

<P><FONT SIZE=2>primarily
in the spot market, and our predecessor was not a party to comparable ship management agreements. As such, our current operations differ significantly from the historical operations of our
predecessor upon which our combined financial statements are based. In particular, we expect that for so long as our chartering and ship management arrangements are in place with OSG for all of our
vessels, our revenues will be generated primarily from time charter payments made to us by subsidiaries of OSG and our vessel operating expenses (excluding insurance premiums and vessel taxes) under
the ship management agreements will be substantially fixed. These arrangements are designed to provide us with a more stable cash flow than historically experienced by our predecessor, as our expenses
will be substantially fixed through our ship management agreements and, so long as our ships are not off hire, we will receive revenue amounts at least equal to the sum of the basic hire payments due
under our time charters. </FONT></P>


<P><FONT SIZE=2><B>Factors Affecting Our Predecessor's Historical Results  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The historical revenues of our predecessor were highly sensitive to patterns of supply and demand. Rates for the transportation of crude oil are determined by
market forces, such as the supply and demand for oil, the distance that cargoes must be transported and the number of vessels expected to be available at the time such cargoes need to be transported.
The demand for oil shipments is significantly affected by the state of the global economy. The number of vessels is affected by newbuilding deliveries and by the removal of existing vessels from
service, primarily because of scrapping. Management of our predecessor made economic decisions based on anticipated time charter equivalent, or TCE, rates and evaluates financial performance based on
TCE rates achieved. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
tanker industry has historically been highly cyclical, experiencing volatility in profitability, vessel values and freight rates. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
principal factors that have affected our predecessors' financial position, results of operations and cash flow include: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
earnings of our vessels in the spot charter market;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>vessel
operating expenses;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>administrative
expenses that have been allocated to the vessels; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>depreciation
and interest expense. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
vessels owned by our predecessor operated in either the Tankers International Pool (VLCCs) or the Aframax International Pool (Aframaxes) during the period from January&nbsp;1, 2003
to October&nbsp;17, 2005. Vessels operating in such pools are exposed to the volatility of the spot market. Fluctuations in charter rates and vessel values result from changes in the supply and
demand for tanker capacity and changes in the supply and demand for oil and oil products. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vessel
operating expenses are the direct costs associated with running a vessel and include crew costs, vessel stores and supplies, repairs and maintenance, drydockings, lubricating
oils, insurance and communication costs. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General
and administrative expenses include directors' fees and expenses, salaries and benefits, office rent, legal and professional fees, directors and officers insurance and
miscellaneous fees and expenses. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation
is the periodic cost charged to income for the reduction in usefulness and long-term value of the vessels. The cost of our vessels is depreciated over
25&nbsp;years on a straight-line basis. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest
expense relates to a bank loan and loans payable to a wholly owned subsidiary of OSG. The amount of interest expense is determined by the amount of loans outstanding from time
to time and applicable interest rates. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>36</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=40,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=528435,FOLIO='36',FILE='DISK134:[06NYC5.06NYC4565]CM4565A.;21',USER='WWASSER',CD='12-JAN-2007;12:34' -->
<A NAME="page_cm4565_1_37"> </A>
<BR>

<P><FONT SIZE=2><B>Factors Affecting Our Results  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The principal factors that affect our results of operations and financial condition include: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
fixed basic charter rate that we are paid under our charters;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
amount of additional hire that we receive under our charter arrangements;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
number of off hire days during which we will not be entitled, under our charter arrangements, to receive either the fixed basic charter rate or additional hire;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
amount of daily technical management fees payable under our ship management agreements;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>our
general and administrative and other expenses;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>our
insurance premiums and vessel taxes;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>any
future vessel acquisitions; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>our
interest expense. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
revenues are principally derived from fixed rate time charters with subsidiaries of OSG. All seven vessels that have been acquired from subsidiaries of OSG are chartered to
subsidiaries of OSG. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
expenses are expected to consist primarily of daily technical management fees payable under our ship management agreements, interest expense, insurance premiums, vessel taxes,
financing expenses and general and administrative expenses. Our vessel owning subsidiaries have entered into ship management agreements with Tanker Management, a subsidiary of OSG, under which it is
responsible for all technical management of the vessels, including crewing, maintenance and ordinary repairs, scheduled drydockings (subject to certain adjustments when the agreement is terminated),
stores and supplies, lubricating oils and insurance deductibles (subject to the limits on deductibles set forth in the ship management agreements). Under these agreements, we pay a fixed daily fee for
the cost of vessels' operations, including scheduled drydockings, for each vessel, which will increase by 2.5% annually after the second year. Other than (i)&nbsp;the technical management fees
payable under our ship management agreements, which have a duration of two years, and are cancelable thereafter by Tanker Management upon 90&nbsp;days notice, (ii)&nbsp;interest that is payable on
any indebtedness that we have incurred and may incur in the future under our credit facility, (iii)&nbsp;commitment fees under our credit facility (for so long as we do not make any further
borrowings under the vessel acquisition facility or the working capital facility), (iv)&nbsp;salary paid to our executive officers, which is fixed during the terms of their employment agreements,
and (v)&nbsp;our directors' fees, none of our future fees or expenses are fixed. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
charterers pay us a fixed basic charter rate monthly in advance and additional hire, if any, quarterly in arrears. We pay daily technical management fees under our ship management
agreements monthly in advance. We are required to pay interest under our credit facility quarterly, insurance premiums either annually or more frequently (depending on the policy) and our vessel taxes
annually. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth the average daily time charter equivalent rates earned by our vessels during the last three years and during the first nine months of 2006.

 </FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="26%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Year Ended<BR>
December 31, 2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="26%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Year Ended<BR>
December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="26%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Jan. 1-Oct. 17</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Oct. 18-Dec. 31</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Nine Months<BR>
Ended<BR>
September&nbsp;30, 2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="26%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="26%"><FONT SIZE=2>VLCCs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>41,786</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>77,422</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>53,392</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>50,300</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="20%" ALIGN="RIGHT"><FONT SIZE=2>47,200</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="26%"><FONT SIZE=2>Aframaxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>25,463</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>38,831</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>33,296</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>30,200</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="20%" ALIGN="RIGHT"><FONT SIZE=2>26,204</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>37</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=41,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=1029128,FOLIO='37',FILE='DISK134:[06NYC5.06NYC4565]CM4565A.;21',USER='WWASSER',CD='12-JAN-2007;12:34' -->
<A NAME="page_cm4565_1_38"> </A>

<P><FONT SIZE=2><B>Critical Accounting Policies  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The financial statements for DHT and our combined carve-out financial statements for our predecessor are prepared in accordance with accounting
principles generally accepted in the United States, which require us to make estimates in the application of our accounting policies based on the best assumptions, judgments, and opinions of
management. Following is a discussion of the accounting policies that involve a higher degree of judgment and the methods of their application. For a complete description of all of our material
accounting policies, see Note&nbsp;A to our consolidated and predecessor combined carve-out financial statements included elsewhere in this prospectus. </FONT></P>

<P><FONT SIZE=2><B><I>Carve-out of the Financial Statements of OSG  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For all periods prior to and through October&nbsp;17, 2005, our combined carve-out financial statements include the accounts of seven wholly owned
subsidiaries of OSG, a publicly traded company incorporated in Delaware. These combined carve-out financial statement have been prepared to reflect the financial position, results of
operations and cash flows of our predecessor, which owned the vessels acquired by our subsidiaries. Our combined carve-out financial statements are prepared in accordance with generally
accepted accounting principles in the United States. The assets, liabilities, results of operations and cash flows were carved out of the consolidated financial statements of OSG using specific
identification. In the preparation of these predecessor carve-out financial statements, general and administrative expenses, which were not identifiable as relating to specific vessels,
were allocated based on our predecessor's proportionate share of OSG's total ship operating days for each of the periods presented. Ship operating days consist of the aggregate number of calendar days
in a period in which our vessels are owned by us. Management believes these allocations to reasonably present our predecessor's financial position, results of operations and cash flows. However, the
predecessor combined carve-out statements of financial position, operations and cash flow may not be indicative of those that would have been realized had our predecessor operated as an
independent stand-alone entity for the periods presented. Had our predecessor operated as an independent stand-alone entity, its results could have differed significantly from those presented herein. </FONT></P>

<P><FONT SIZE=2><B><I>Revenue Recognition  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Both prior to and following the IPO, our vessels have generated revenue by operating in pools. Shipping revenue and voyage expenses are pooled and allocated to
each pool's participants on a TCE basis in accordance with an agreed-upon formula. For vessels operating in pools or on time charters, shipping revenues are substantially the same as TCE
revenues. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
three VLCCs participate in the Tankers International Pool and our four Aframaxes participate in the Aframax International Pool. Each of these pools generate a majority of its revenue
from voyage charters. Within the shipping industry, there are two methods used to account for voyage revenues and expenses: (1)&nbsp;ratably over the estimated length of each voyage and
(2)&nbsp;completed voyage. The recognition of voyage revenues and expenses ratably over the estimated length of each voyage is the most prevalent method of accounting for voyage revenues and
expenses and the method used by the pools in which we participate. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
each method, voyages may be calculated on either a load-to-load or discharge-to-discharge basis. In applying its revenue recognition
method, management of each of the pools believes that the discharge-to-discharge basis of calculating voyages more accurately estimates voyage results than the
load-to-load basis. Since, at the time of discharge, management generally knows the next load port and expected discharge port, the
discharge-to-discharge calculation of voyage revenues and expenses can be estimated with a greater degree of accuracy. Revenues from time charters performed by vessels in the
pools are accounted for as operating leases and are recognized ratably over the periods of such charters, as service is performed. Each of the pools does not begin recognizing voyage revenue until a </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>38</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=42,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=829133,FOLIO='38',FILE='DISK134:[06NYC5.06NYC4565]CM4565A.;21',USER='WWASSER',CD='12-JAN-2007;12:34' -->
<A NAME="page_cm4565_1_39"> </A>
<BR>

<P><FONT SIZE=2>charter
has been agreed to by both the pool and the customer, even if the vessel has discharged its cargo and is sailing to the anticipated load port on its next voyage. </FONT></P>


<P><FONT SIZE=2><B><I>Vessel Lives and Impairment  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The carrying value of each of our vessels represents its original cost at the time it was delivered less depreciation calculated using an estimated useful life of
25&nbsp;years from the date such vessel was originally delivered from the shipyard. In the shipping industry, use of a 25-year life has become the standard. The actual life of a vessel
may be different. We have evaluated the impact of the revisions to MARPOL Regulation&nbsp;13G that became effective April&nbsp;5, 2005 and the EU regulations that went into force on
October&nbsp;21, 2003 on the economic lives assigned to the fleet. Because the fleet consists of modern, double hull vessels, the revised regulations do not affect any of our vessels. If the
economic lives assigned to the tankers prove to be too long because of new regulations or other future events, higher depreciation expense and impairment losses could result in future periods related
to a reduction in the useful lives of any affected vessels. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
carrying values of our vessels may not represent their fair market value at any point in time since the market prices of second-hand vessels tend to fluctuate with
changes in charter rates and the cost of newbuildings. Historically, both charter rates and vessel values have been cyclical. We record impairment losses only when events occur that cause us to
believe that future cash flows for any individual vessel will be less than its carrying value. The carrying amounts of vessels held and used by us are reviewed for potential impairment whenever events
or changes in circumstances indicate that the carrying amount of a particular vessel may not be fully recoverable. In such instances, an impairment charge would be recognized if the estimate of the
undiscounted future cash flows expected to result from the use of the vessel and its eventual disposition is less than the vessel's carrying amount. This assessment is made at the individual vessel
level since separately identifiable cash flow information for each vessel is available. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
developing estimates of future cash flows, we must make assumptions about future charter rates, ship operating expenses and the estimated remaining useful lives of the vessels. These
assumptions are based on historical trends as well as future expectations. Although management believes that the assumptions used to evaluate potential impairment are reasonable and appropriate, such
assumptions are highly subjective. </FONT></P>

<P><FONT SIZE=2><B>Results of Operations  </B></FONT></P>

<P><FONT SIZE=2><B><I>Income from Vessel Operations  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the period from January&nbsp;1, 2005 through October&nbsp;17, 2005, TCE revenues (which are shipping revenues less voyage expenses) for our
predecessor, OSG Crude, were $83,362,000 compared to $135,966,000 for full year 2004. This decrease is a result of a shorter period in 2005 and lower average daily TCE rates in 2005 compared to 2004.
During 2004, TCE revenues increased by $70,126,000, or 107%, to $135,966,000 from $65,840,000 in 2003. This improvement resulted from increases in the average daily TCE rates earned of $20,583 per day
and in revenue days of 564&nbsp;days. The increase in revenue days was primarily attributable to the late 2003 delivery of the </FONT><FONT SIZE=2><I>Overseas Sophie</I></FONT><FONT SIZE=2> and the
delivery of the </FONT><FONT SIZE=2><I>Overseas Cathy</I></FONT><FONT SIZE=2> in 2004. During 2003, TCE revenues increased by $34,493,000 to $65,840,000 from $31,347,000 in 2002, as a result of
increases in the average daily TCE rates earned of $17,281 per day and in revenue days of 107&nbsp;days due to the delivery of the </FONT><FONT SIZE=2><I>Overseas Sophie</I></FONT><FONT SIZE=2>. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
October&nbsp;18, 2005, we acquired the seven vessels from OSG Crude and commenced operating as an independent company and agreed to time charter our vessels to subsidiaries of OSG
for periods of five to six and one-half years under charters that provide for fixed monthly payments, plus the potential to earn additional profit sharing payments. For the period from
October&nbsp;18, 2005 through </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>39</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=43,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=300289,FOLIO='39',FILE='DISK134:[06NYC5.06NYC4565]CM4565A.;21',USER='WWASSER',CD='12-JAN-2007;12:34' -->
<A NAME="page_cm4565_1_40"> </A>
<BR>

<P><FONT SIZE=2>December&nbsp;31,
2005, shipping revenues were $20,173,000, which consisted of basic hire of $14,667,000 and additional hire of $5,506,000. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shipping revenues decreased by $14,712,000, or 18%, to $64,860,000 for the first nine months of 2006 from $79,572,000 in the first nine months of 2005. This decrease was primarily
attributable to the new charter arrangements for our vessels.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the period from January&nbsp;1, 2005 through October&nbsp;17, 2005 and for the years ended 2004 and 2003, all of our revenues were derived from pools, which predominantly perform
voyage charters. From October&nbsp;18, 2005 through December&nbsp;31, 2005 and for the nine months ended September&nbsp;30, 2006, all of our revenues were derived from our charter arrangements
with OSG and consisted of a combination of base hire and additional hire paid to us by OSG.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior
to October&nbsp;18, 2005, reliance on the spot market contributed to fluctuations in our predecessor's revenue, cash flow and net income, but afforded our predecessor greater
opportunity to increase income from vessel operations when rates rose. After October&nbsp;18, 2005, our revenue, cash flow and net income is less dependent on the development in the spot market as
the charter arrangements for our seven vessels provide for fixed monthly payments plus the potential to earn additional profit sharing payments when the vessels' earnings in the commercial pools
exceed the fixed monthly payments. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the period from January&nbsp;1, 2005 through October&nbsp;17, 2005, vessel expenses for our predecessor, OSG Crude, were $14,433,000 compared to $15,601,000 for full year
2004. This decrease is due to a shorter period in 2005 offset by increases in crew costs and running repairs for the </FONT><FONT SIZE=2><I>Ania</I></FONT><FONT SIZE=2> and </FONT> <FONT SIZE=2><I>Rebecca</I></FONT><FONT SIZE=2> during the period
from January&nbsp;1, 2005 through October&nbsp;17, 2005. On October&nbsp;18, 2005, we acquired the seven vessels from
OSG Crude and commenced operating as an independent company and entered into management agreements with Tanker Management&nbsp;Ltd., a subsidiary of OSG, for the technical management of our seven
vessels in exchange for a fee that is substantially fixed for the first two years of the agreement. For the period from October&nbsp;18, 2005 through December&nbsp;31, 2005, vessel expenses were
$3,675,000. Vessel expenses increased by $4,645,000 to $15,601,000 in 2004 from $10,956,000 in 2003 principally as a result of the vessel deliveries described above. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vessel expenses increased by $1,050,000 to $14,041,000 for the first nine months of 2006 from $12,991,000 for the same period in 2005 principally as a result of the management agreements
entered into with a subsidiary of OSG for the technical management of our seven vessels in exchange for a fee that is substantially fixed for the first two years of the agreement.

</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the period from January&nbsp;1, 2005 through October&nbsp;17, 2005, depreciation and amortization expenses were $14,462,000 compared to $17,762,000 for the full year 2004. For
the period from October&nbsp;18, 2005 through December&nbsp;31, 2005, depreciation and amortization expenses were $3,478,000. Depreciation and amortization expenses increased by $3,070,000 to
$17,762,000 in 2004 from $14,692,000 in 2003 as a result of the vessel deliveries described above. </FONT></P>


<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization decreased by $908,000 to $12,651,000 for the first nine months of 2006 from $13,559,000 for the same period in 2005. In 2005, depreciation and amortization
included $925,000 attributable to amortization of capitalized drydock expenditures, whereas in 2006, the amounts related to drydocking are incorporated in the technical management fees paid to OSG.

 </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>40</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=44,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=913704,FOLIO='40',FILE='DISK134:[06NYC5.06NYC4565]CM4565A.;21',USER='WWASSER',CD='12-JAN-2007;12:34' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_co4565_1_41"> </A> </FONT></P>

<!-- TOC_END -->


<P><FONT SIZE=2><B><I>General and Administrative Expenses  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative expenses for our predecessor consisted primarily of salaries and other employee related costs, office rent, legal and professional fees
and travel and entertainment. Prior to October&nbsp;18, 2005, general and administrative expenses were allocated based on our predecessor's proportionate share of OSG's total ship operating days for
each of the periods presented for our seven vessels. Ship operating days represent the aggregate number of days OSG owned its vessels, and were 2,030 for the period from January&nbsp;1, 2005 through
October&nbsp;17, 2005, 2,533&nbsp;days in 2004 and 1,893 in 2003. Management believes these allocations reasonably present our predecessor's financial position, results of operations and cash
flows. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the period from January&nbsp;1, 2005 through October&nbsp;17, 2005, general and administrative expenses were $5,759,000 compared to $7,269,000 for the full year 2004 and
$4,828,000 for 2003. For the period from October&nbsp;18, 2005 through December&nbsp;31, 2005, general and administrative expenses were $746,000. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative expenses decreased by $3,457,000 to $1,668,000 for the first nine months of 2006 from $5,125,000 for the same period in 2005.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative expenses for the nine months ended September&nbsp;30, 2006 and for the period October&nbsp;18, 2005 to December&nbsp;31, 2005 include directors' fees and
expenses, the salary and benefits of our two executive officers, legal fees, fees of independent auditors and advisors, directors and officers insurance, rent and miscellaneous fees and expenses

 </FONT></P>

<P><FONT SIZE=2><B><I>Interest Expense  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the period from January&nbsp;1, 2005 through October&nbsp;17, 2005, interest expense was $3,596,000 compared to $8,645,000 for the full year 2004. For
the period from October&nbsp;18, 2005 through December&nbsp;31, 2005, interest expense, including amortization of deferred debt issuance cost, was $2,872,000. Interest expense increased by
$2,712,000 to $8,645,000 in 2004 from $5,933,000 in 2003, principally as a result of a decrease of $3,421,000 in interest capitalized in connection with vessel construction due to the delivery of the </FONT> <FONT SIZE=2><I>Overseas
Sophie</I></FONT><FONT SIZE=2> and the </FONT><FONT SIZE=2><I>Overseas Cathy</I></FONT><FONT SIZE=2> and an increase in the
average rate paid on the loans payable to OSG and long-term debt, partially offset by a decrease in the average amount of loans payable to OSG outstanding in 2004 compared with 2003. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense increased by $6,867,000 to $10,463,000 for the first nine months in 2006 from $3,596,000 for the same period in 2005 principally as a result of the increase in debt in
connection with the acquisition of our seven vessels from OSG effective October&nbsp;18, 2005.

 </FONT></P>

<P><FONT SIZE=2><B>Liquidity and Sources of Capital  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We operate in a capital intensive industry. We financed the acquisition of our seven vessels with the net proceeds of the IPO, borrowings under our credit
facility and through the issuance of shares of our common stock to a subsidiary of OSG. Our working capital requirements relate to our operating expenses, including payments under our ship management
agreements, payments of interest, payments of insurance premiums, payments of vessel taxes and the payment of principal under our credit facility. We fund our working capital requirements with cash
from operations and, if necessary, borrowings under our credit facility, which includes a $15&nbsp;million working capital facility. We collect our basic hire monthly in advance and pay our ship
management fees monthly in advance. We receive additional hire payable quarterly in arrears. We intend to pay quarterly cash dividends denominated in U.S. dollars to the holders of our common shares
in amounts substantially equal to the charter hire received by us under our charters, less cash expenses and any cash reserves established by our board of directors. In February&nbsp;2006, based on
the operations from October&nbsp;18 to December&nbsp;31, 2005, we declared a dividend of $12.9&nbsp;million, or $0.43 per share, and paid that dividend on March&nbsp;24, 2006 to shareholders

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>41</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=45,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=777680,FOLIO='41',FILE='DISK134:[06NYC5.06NYC4565]CO4565A.;17',USER='JLAWRENA',CD='12-JAN-2007;12:31' -->
<A NAME="page_co4565_1_42"> </A>
<BR>

<P><FONT SIZE=2>


of record on March&nbsp;10, 2006. In May&nbsp;2006, based on the operations from January&nbsp;1, 2006 to March&nbsp;31, 2006, we declared a dividend of $15.9&nbsp;million, or $0.53 per
share, and paid that dividend on June&nbsp;16, 2006 to shareholders of record on June&nbsp;1, 2006. In August&nbsp;2006, based on the operations from April&nbsp;1, 2006 to June&nbsp;30,
2006, we declared a dividend of $10.8&nbsp;million, or $0.36 per share, and paid that dividend on September&nbsp;4, 2006 to shareholders of record on August&nbsp;18, 2006. In
November&nbsp;2006, based on the operations from July&nbsp;1, 2006 to September&nbsp;30, 2006, we declared a dividend of $12.6&nbsp;million, or $0.42 per share, and paid that dividend on
December&nbsp;6, 2006 to shareholders of record on November&nbsp;27, 2006. We believe that our cash flow from our charters will be sufficient to fund our interest payments under our secured credit
facility and our working capital requirements for the short and medium term. We will likely need to fund any future vessel acquisitions with additional borrowings under our credit facility, which
includes a $150&nbsp;million vessel acquisition facility that, subject to the satisfaction of conditions to drawdown, permits us to borrow amounts to pay all or a portion of the purchase price of
additional vessels. We may refinance all or a portion of any additional indebtedness that we incur for vessel acquisitions from time to time with the net proceeds of future equity issuances. As of
September&nbsp;30, 2006, we were in compliance with the financial covenants contained in our secured loan agreement.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
periods prior to October&nbsp;17, 2005, our combined financial statements represent the operations of our vessels by our predecessor. The acquisition of the vessels by our
predecessor and their operations were funded by bank debt and loans from OSG. As a result, our predecessor combined financial statements are not indicative of the financial position, results of
operations or cash flows we would have achieved had we operated as an independent stand-alone entity during the periods presented for our predecessor or of future results. </FONT></P>


<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Working capital at September&nbsp;30, 2006 was $14,535,000 compared with $12,176,000 on December&nbsp;31, 2005. At September&nbsp;30, 2006, additional hire related to the period
from July&nbsp;1, 2006 to September&nbsp;30, 2006, which amounted to $4,306,000, had not been received from the charterers. Working capital at December&nbsp;31, 2005 was approximately
$12,176,000 compared with $21,128,000 at December&nbsp;31, 2004 and $4,620,000 at December&nbsp;31, 2003. At December&nbsp;31, 2005, additional hire related to the period from October&nbsp;18,
2005 through December&nbsp;31, 2005, which amounted to $5,506,000, had not been received from the charterers. Unbilled voyage receivables at December&nbsp;31, 2004 equaled $27,440,000 compared
with $11,089,000 at December&nbsp;31, 2003. As of December&nbsp;31, 2004, such balance represents our share of unremitted pool earnings of $18,148,000 ($7,257,000 at December&nbsp;31, 2003) due
from the Tankers International Pool and $9,292,000 ($3,832,000 at December&nbsp;31, 2003) due from the Aframax International Pool. The increase in amounts due from each of the pools is principally
the result of the significant increase in TCE rates earned by our VLCCs and Aframaxes in the fourth quarter of 2004 ($109,578 per day for VLCCs and $57,579 per day for Aframaxes) compared with the
comparable quarter of 2003 ($37,586 per day for VLCCs and $23,616 per day for Aframaxes).

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by operating activities was $40,555,000 in the first nine months of 2006 compared to $71,277,000 in the same period of 2005. This decrease was primarily attributable to
new charter arrangements for our vessels, which since October&nbsp;18, 2005 have been on long term fixed rate charters to OSG. Net cash provided by operating activities was $83,039,000 during the
period from January&nbsp;1, 2005 through October&nbsp;17, 2005 compared with $84,248,000 in 2004 and $41,272,000 in 2003. Net cash provided by operating activities was $15,893,000 from
October&nbsp;18, 2005 through December&nbsp;31, 2005. The treasury functions of OSG are managed centrally. Accordingly, cash received by our predecessor (principally charter hire) was swept from
our predecessor's accounts to OSG for investment purposes, with a corresponding reduction in the loan payable to OSG. Cash required by our predecessor (principally vessel operating expenses, voyage
expenses and debt amortization) was transferred from OSG with a corresponding increase in the loan payable to OSG. We had total debt outstanding of $236,000,000 at September&nbsp;30, 2006, all of
which is due to Royal Bank of Scotland. This

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>42</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=46,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=62465,FOLIO='42',FILE='DISK134:[06NYC5.06NYC4565]CO4565A.;17',USER='JLAWRENA',CD='12-JAN-2007;12:31' -->
<A NAME="page_co4565_1_43"> </A>
<BR>

<P><FONT SIZE=2>


was unchanged from December&nbsp;31, 2005. We had total debt outstanding of $259,851,000, including $170,251,000 due to OSG, at December&nbsp;31, 2004, and $334,403,000, including $239,603,000 due
to OSG, at December&nbsp;31, 2003. Loans payable to OSG did not have fixed repayment dates. In 2004 and 2003 and for the 290&nbsp;days ended October&nbsp;17, 2005, available net cash provided by
operating activities was used to repay certain of the amounts advanced by OSG.


</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the second quarter of 2005, OSG made a capital contribution to our predecessor, reducing loans payable to OSG to zero.

</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In July&nbsp;2005, our predecessor repaid the outstanding balance of its long-term debt with funds advanced by OSG.

 </FONT></P>

<P><FONT SIZE=2><B>Aggregate Contractual Obligations  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We did not assume any of the debt that was allocated to our predecessor. As of December&nbsp;31, 2005, our long-term contractual obligations were as
follows: </FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=20 ALIGN="CENTER"><FONT SIZE=1><B>Summary Long-Term Future Contractual Obligations</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2007</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2008</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2009</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2010</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Thereafter</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Total</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=20 ALIGN="CENTER"><FONT SIZE=1><B>(In thousands)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="29%"><FONT SIZE=2>Ship management agreements(1)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>15,600</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>15,600</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>16,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>16,400</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>15,900</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>9,900</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>89,400</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="29%"><FONT SIZE=2>Long-term debt(2)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>13,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>13,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>13,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>13,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>13,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>286,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>352,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="29%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="29%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>28,800</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>28,800</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>29,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>29,600</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>29,100</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>295,900</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>441,400</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="29%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Our
ship management agreements are cancelable by us at any time upon 90&nbsp;days notice. Each charterer has the right to approve the replacement manager that we select; however,
such approval may not to be unreasonably withheld. Each charterer also has the right to cause us to change the manager of its vessel under certain circumstances if it is dissatisfied with the
manager's performance. In addition, in the event a ship management agreement is terminated, we will make a payment to Tanker Management in the amount of the aggregate drydocking costs paid by Tanker
Management in excess of the aggregate drydock-related management fee payments charged to us, in accordance with the terms set forth in the applicable ship management agreement. If at such time
drydock-related management fee payments exceed aggregate drydocking costs, we will receive a payment from Tanker Management in the amount of the difference.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Amounts
shown include contractual interest obligations on $236&nbsp;million of debt under the term portion of our credit facility. The interest obligations have been determined
using an interest rate of 5.60% per annum based on the five-year interest rate swap arrangement that was effective as of October&nbsp;18, 2005. The interest on the balance outstanding is payable
quarterly and the principal is payable in quarterly installments of $6,062,500 commencing on January&nbsp;18, 2011, with a final payment of $120,812,500 on October&nbsp;18, 2015. </FONT></DD></DL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
collect our fixed basic charter rate monthly in advance and pay our technical management fees monthly in advance. To the extent there are additional hire revenues, we receive such
additional hire quarterly in arrears. Although we can provide no assurances, we expect that our cash flow from our chartering arrangements will be sufficient to cover our technical management fees,
interest payments, commitment fees and other financing costs under our credit facility, insurance premiums, vessel taxes, general and administrative expenses and other costs and any other working
capital requirements for the short and medium term. If necessary, we may also fund our working capital requirements with borrowings under our credit facility, which includes a $15&nbsp;million
working capital facility that may be drawn in full until the credit facility's fifth anniversary. We may fund our future vessel acquisitions with additional borrowings under our credit facility, which
also includes a $150&nbsp;million vessel acquisition facility that, subject to the satisfaction of conditions to drawdown, permits us to borrow amounts to pay </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>43</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=47,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=467036,FOLIO='43',FILE='DISK134:[06NYC5.06NYC4565]CO4565A.;17',USER='JLAWRENA',CD='12-JAN-2007;12:31' -->
<A NAME="page_co4565_1_44"> </A>

<P><FONT SIZE=2>the
purchase price of additional vessels. Our longer term liquidity requirements include repayment of the principal balance of our credit facility. We may require new borrowings and/or issuances of
equity or other securities to meet this repayment obligation. Alternatively, we can sell our assets and use the proceeds to pay down debt. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marshall
Islands law generally prohibits the payment of dividends other than from surplus or while a company is insolvent or would be rendered insolvent by the payment of such a
dividend. In addition, under the terms of our credit facility, we may not declare or pay any dividends if we are in default under the credit facility or if the market value of our vessels is less than
135% of our outstanding borrowings under the credit facility plus the actual or notional cost of terminating any interest rate swaps that we enter. </FONT></P>

<P><FONT SIZE=2><B>Risk Management  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our predecessor was exposed, and we expect to be exposed, to market risk from changes in interest rates, which could affect our results of operation and financial
position. Our predecessor managed exposure to interest rate risk through its regular operating and financing activities and, when deemed appropriate, through the use of derivative financial
instruments. We also manage this risk by entering into an interest rate swap agreement in which we exchange fixed and variable interest rates based on agreed upon notional amounts. We use such
derivative financial instruments as risk management tools and not for speculative or trading purposes. In addition, the counterparty to the derivative financial instrument is a major financial
institution in order to manage exposure to nonperformance by counterparties. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of September&nbsp;30, 2006, we had a five year swap effective as of October&nbsp;18, 2005 with a notional amount of $236,000,000 outstanding. The swap converted the LIBOR-based
interest rate on the debt to a fixed rate of 5.60% per annum including the applicable margin of 0.70%.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
shipping industry's functional currency is the U.S. dollar. All of our revenues and most of our operating costs are in U.S. dollars. </FONT></P>

<P><FONT SIZE=2><B>Effects of Inflation  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We do not believe that inflation has had or is likely, in the foreseeable future, to have a significant impact on vessel operating expenses, drydocking expenses
and general and administrative expenses. </FONT></P>

<P><FONT SIZE=2><B>Off Balance Sheet Arrangements  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With the exception of the above mentioned interest rate swap, we do not currently have any liabilities, contingent or otherwise, that we would consider to be off
balance sheet arrangements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>44</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=48,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=323493,FOLIO='44',FILE='DISK134:[06NYC5.06NYC4565]CO4565A.;17',USER='JLAWRENA',CD='12-JAN-2007;12:31' -->
<A NAME="page_co4565_1_45"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="co4565_the_international_tanker_industry"> </A>
<A NAME="toc_co4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>THE INTERNATIONAL TANKER INDUSTRY    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information contained under this heading has been reviewed by Maritime Strategies International&nbsp;Ltd., or MSI, which has confirmed to us, and we believe
that this information is a general, accurate description of the international tanker industry. The statistical and graphic information in this prospectus has been compiled by MSI from its databases
and a number of industry sources. MSI's methodologies for collecting data, and therefore the data collected, may differ from those of other sources, and its data does not reflect all of the actual
transactions occurring in the market. MSI's data compilation is subject to limited audit and validation procedures by MSI, and neither we nor any of our affiliates have independently verified this
data. We believe that the information and data supplied by MSI is accurate in all material respects and we have relied upon such information for purposes of this prospectus. </FONT></P>

<P><FONT SIZE=2><B>Overview  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The international oil tanker industry provides seaborne transportation of crude and refined petroleum products for the oil market. Its customers include oil
companies, oil traders, large oil consumers, oil refiners, government agencies and storage facility operators. In 2005, the industry transported an estimated 2.74&nbsp;billion metric tons of oil,
including 2.13&nbsp;billion of crude oil and 0.61&nbsp;billion of refined petroleum products. The freight rate for transporting oil can be volatile and is related to the demand for, and the supply
of, oil tankers. Demand for oil tankers is influenced by many factors including international economic activity, changes in oil production, consumption, price levels, crude and refined products
inventories and the distances over which oil is transported. Tanker supply, or the size of the international tanker fleet, is influenced by newbuilding levels, the scrapping of older vessels, the
drydocking of existing vessels, environmental regulations and other factors. </FONT></P>


<P><FONT SIZE=2><B>Industry Ownership  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seaborne transportation of crude oil and other petroleum products is provided both by major oil companies (private as well as state-owned) and by independent ship
owners. The desire of major oil companies to outsource shipping has caused the number of tankers owned by oil companies to decrease in the last 20&nbsp;years. As a result of this trend, independent
tanker companies now own or control a large majority of the international tanker fleet.

 </FONT>

</P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
recent years, leading tanker owners have been consolidating at an unprecedented rate. The ten largest tanker companies (by dwt) currently control approximately 25% of the
international tanker fleet, compared with 18% in 1997. These companies are seeking to exploit the commercial and operational advantages of a larger fleet, either by increasing their own capacity or by
placing their vessels in commercial pools. Due to their large size, commercial pools offer participants more opportunities to enter into complex charters, including contracts of affreightment, and to
minimize unloaded backhauls and non-earning days through scheduling efficiencies than if vessel owners were to operate a vessel outside of a pool. </FONT></P>

<P><FONT SIZE=2><B>Tanker Demand  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The amount of oil transported in tankers is governed by the demand for oil, which is affected by general economic conditions, including international economic
activity, imbalances between domestic production and consumption, oil prices and inventory levels for crude oil and refined petroleum products. Oil demand is also subject to seasonal factors. Winter
heating and summer gasoline demand in the Northern hemisphere cause consumption to rise after a second quarter trough to a peak in the fourth quarter. However, due to the growing importance of Asia,
this seasonal pattern has become less marked during the last five years. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>45</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=49,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=412774,FOLIO='45',FILE='DISK134:[06NYC5.06NYC4565]CO4565A.;17',USER='JLAWRENA',CD='12-JAN-2007;12:31' -->
<A NAME="page_co4565_1_46"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition to the volume of oil cargo, tanker demand is affected by the distance required to transport oil from oil-producing locations to oil-consuming
destinations. Tanker demand is usually expressed in "tonne-miles", defined as the product of the amount of oil transported in tankers and the distance over which such oil is transported. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
distance component is the most variable element of tonne-mile demand. Seaborne trading distances are determined principally by the location of oil production and its
efficient distribution for refining and end use consumption. These trading patterns are sensitive both to major geopolitical events and to small shifts, imbalances and disruptions at all stages from
wellhead production through refining to end use. Seaborne trading distances are also influenced by infrastructural factors, such as the availability of pipelines and canal "shortcuts". </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
greatest portion of oil delivered by sea is delivered to the major industrial and industrializing economies of the world, such as the United States, Western Europe, Japan, the
Pacific Rim and India. This oil is shipped by tankers from the main exporting regions, primarily the Middle East, which has the world's largest proven oil reserves and accounts for almost half of all
crude oil exports. Due to the relatively long distances between Middle Eastern loading terminals and discharge ports in most of these importing regions, the level of oil exports from the Middle East
strongly affects the demand for tanker capacity and hence tanker rates. Oil exports from regions such as Latin America and the North Sea are typically shipped over much shorter distances and thus have
a relatively smaller impact on tanker demand and rates. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following chart outlines world oil consumption and seaborne trade from 1980 to 2005. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="co4565_oil_consumption_and_seaborne_crude_trade"> </A>
<A NAME="toc_co4565_2"> </A>
<BR></FONT><FONT SIZE=2><B>OIL CONSUMPTION AND SEABORNE CRUDE TRADE    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g60091.jpg" ALT="GRAPHIC" WIDTH="657" HEIGHT="399">
  </B></FONT></P>


<P><FONT SIZE=2><B><I>Global Demand Growth  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The growth in tanker demand seen in recent years has been driven by increases in oil consumption, import dependency and voyage hauls. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>46</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=50,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=912322,FOLIO='46',FILE='DISK134:[06NYC5.06NYC4565]CO4565A.;17',USER='JLAWRENA',CD='12-JAN-2007;12:31' -->
<A NAME="page_co4565_1_47"> </A>
<BR>

<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increasing oil consumption.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;There has been a worldwide increase in oil consumption. Since the early 1980s, when the 1979 to
1980 hike in oil prices and the ensuing worldwide economic recession caused the market to contract, global oil consumption has enjoyed sustained growth, driven primarily by demand for transportation
fuels. In the last three years, however, demand has accelerated to an average annual growth rate of 2.3%. The International Energy Agency, or IEA, estimates world demand to have grown by 1.1% in 2006.

 </FONT>

</P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
largest oil consumers are situated in the established industrial economies of the world, such as the United States, Western Europe and Japan. However, demand for oil has increased
the fastest among consumers in newly industrializing countries, including those in South and Far East Asia. China, for example, currently consumes less than 10% of global oil but has absorbed the
equivalent of 31% of every extra barrel produced since 1999. In 2002, China surpassed Japan to become the world's second-largest oil consumer after the United States. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increasing import dependency.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The demand for crude is growing substantially faster than supply in the major consuming
regions. Crude consumption transported by sea (rather than crude produced domestically) rose to 56% in 2005, compared with a low of 38% in 1985. Whereas Chinese demand has
increased by an average of 8.3% each year since 2000, its domestic oil output rose by an average of only 2.1%. Similarly, in North America, which accounts for over a quarter of world demand, oil
consumption has grown by 1.2% per year since 2000, while annual production has shrunk on average by 1% per year. This growing import dependency is further accelerated by the progressive
run-down of commercial oil stocks, as oil majors have sought to minimize inventory costs. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increasing voyage lengths.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The fastest-expanding oil exporters are located in the Caspian Sea, Africa and the Arabian Gulf,
at considerable distances from their fastest-growing customers (such as those in the Far East) and accordingly, the average voyage length has been rising. Just over 60% of world oil exports originate
from the Middle East, the Former Soviet Union, or the FSU, and Africa. By comparison, exporters located close to large consumers, for example, those located in the North Sea (West Europe), the
Caribbean Basin (the United States) and Indonesia (Far East), have been losing market share. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although the FSU has been the fastest-growing exporter since 2000, the world's largest proven oil reserves are located in the Middle East, from which almost 39% of all seaborne crude
shipments, or more than twice its nearest regional rival, currently originate. By virtue of both volume and the distances shipped, Middle East exports exert strong influence on tanker employment and
hence tanker rates. For example, whereas it would require approximately 5&nbsp;million dwt to transport 1&nbsp;million barrels per day to the U.S. Gulf from the North Sea, it would take
13&nbsp;million dwt to do so from the Arabian Gulf.

</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
the tables below illustrate, growth in oil demand over the last six years has been strongest in China and until 2005, to a lesser extent, North America. In contrast, demand in Western
Europe has been flat or falling. At the same time, oil supply has grown fastest in non-OPEC regions, particularly in the FSU, while output from both the Middle East and other OPEC areas
has dipped in 2001 and 2002 from previous levels before rising again in subsequent years. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>47</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=51,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=902833,FOLIO='47',FILE='DISK134:[06NYC5.06NYC4565]CO4565A.;17',USER='JLAWRENA',CD='12-JAN-2007;12:31' -->
<A NAME="page_co4565_1_48"> </A>
<BR>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="co4565_oil_consumption"> </A>
<A NAME="toc_co4565_3"> </A>
<BR></FONT><FONT SIZE=2><B>OIL CONSUMPTION    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="39%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2000</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2001</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2002</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="16%" ALIGN="CENTER"><FONT SIZE=1><B>Compound annual<BR>
growth rate<BR>
2000-2005</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="39%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER"><FONT SIZE=1><B>(in million metric tons)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="16%" ALIGN="CENTER"><FONT SIZE=1><B>%<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>North America</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>986</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>987</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>990</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,008</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,049</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,045</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>1.2</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Western Europe</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>657</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>664</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>659</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>662</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>669</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>670</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>0.4</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>P.R. China</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>233</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>240</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>260</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>285</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>334</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>347</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>8.3</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Other Asia</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>743</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>740</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>748</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>758</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>769</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>770</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>0.7</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Rest of World</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>918</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>924</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>932</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>943</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>978</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>1.8</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,537</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,555</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,589</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,656</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,799</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,837</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>1.6</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="co4565_world_oil_supply"> </A>
<A NAME="toc_co4565_4"> </A>
<BR></FONT><FONT SIZE=2><B>WORLD OIL SUPPLY    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="38%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2000</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2001</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2002</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="16%" ALIGN="CENTER"><FONT SIZE=1><B>Compound annual<BR>
growth rate<BR>
2000-2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="38%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER"><FONT SIZE=1><B>(in million metric tons)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="16%" ALIGN="CENTER"><FONT SIZE=1><B>%<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>North Sea</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>307</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>299</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>297</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>283</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>270</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>248</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(4.2</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Former Soviet Union</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>393</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>425</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>466</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>514</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>559</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>577</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>8.0</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Other Non-OPEC</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,394</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,394</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,421</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,428</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,445</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,444</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>0.7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Total Non-OPEC</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2,094</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2,118</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2,184</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2,225</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2,274</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>2,269</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>1.6</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Arabian Gulf OPEC</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,040</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,003</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>938</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,030</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,100</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,124</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>1.6</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Other OPEC</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>480</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>473</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>450</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>451</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>491</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>502</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>0.9</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Total OPEC</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,520</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,476</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,388</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,481</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,591</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>1,626</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>1.4</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,614</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,594</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,572</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,706</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,865</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>3,895</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>1.5</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B><I>Tanker Supply  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The supply of tanker capacity is measured by the amount of suitable deadweight tonnage available to transport oil and depends on the aggregate tonnage of the
existing international tanker fleet, the number of newbuildings, the scrapping of older tankers and the number of tankers used for storage, in drydock or otherwise not available for transporting use. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The decision to order newbuildings and scrap older vessels is influenced by many factors, including prevailing and expected charter rates, newbuilding, secondhand and scrap prices,
availability of delivery dates and government and industry regulation of maritime transportation practices, particularly environmental protection laws and regulations. It takes approximately 18 to
36&nbsp;months, depending in part on berth availability at shipyards, from the time a newbuilding contract is placed for a ship-owner to take delivery of a vessel. Shipyard orderbooks
are presently at peak levels due to strong demand from all sectors of the shipping industry, including the tanker sector. As a result, there are very few shipyard berths available for tanker delivery
prior to 2010.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Over
the last five years tanker scrapping has increased as stricter inspection and regulatory and political pressures have forced the mandatory retirement of older tonnage built in the
mid 1970s. Consequently, tanker fleet capacity has grown at an average rate of only 3.5% during the last five years, despite the high level of newbuildings. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>48</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=52,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=417811,FOLIO='48',FILE='DISK134:[06NYC5.06NYC4565]CO4565A.;17',USER='JLAWRENA',CD='12-JAN-2007;12:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_cq4565_1_49"> </A> </FONT> <FONT SIZE=2><B><I>Major Tanker Segments  </I></B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oil tankers are customarily divided into crude and product carriers. Product carriers have coated tanks and transport various refined oil products. Crude oil
tankers are classified according to their deadweight size. While there is no standard industry-wide categorization of the vessel types, crude oil tankers are customarily divided into the
following four market segments:

</FONT>

</P>




<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="75%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="75%" ALIGN="LEFT"><FONT SIZE=1><B>Segment<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="22%" ALIGN="CENTER"><FONT SIZE=1><B>Size Range</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="75%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="22%" ALIGN="CENTER"><FONT SIZE=1><B>(dwt)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>VLCCs</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2>200,000 +</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>Suezmaxes</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2>120,000-200,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>Aframaxes</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2>80,000-120,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="75%"><FONT SIZE=2>Panamaxes</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="22%" ALIGN="RIGHT"><FONT SIZE=2>50,000-80,000</FONT></TD>
</TR>
</TABLE></DIV>

<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The table below sets forth information about the number of vessels and deadweight capacity of each of these market segments as of October&nbsp;1, 2006. The information below for VLCCs
includes V&nbsp;Pluses, which are 320,000 dwt and above. The information for Aframaxes and Panamaxes includes coated tankers, which can transport refined products as well as crude oil.

 </FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="81%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="63%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Deadweight Capacity</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="63%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Number of Vessels</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="63%" ROWSPAN=2 ALIGN="LEFT"><FONT SIZE=1><B>Segment<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Total (mm)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>Total</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>Share</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>Share</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="63%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>%<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>%<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="63%"><FONT SIZE=2>VLCCs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>490</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>26</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>143.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>49</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="63%"><FONT SIZE=2>Suezmaxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>348</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>18</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>52.4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>18</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="63%"><FONT SIZE=2>Aframaxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>703</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>37</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>71.3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>24</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="63%"><FONT SIZE=2>Panamaxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>365</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>19</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>24.2</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>8</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="63%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="63%"><FONT SIZE=2>TOTAL</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1,906</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>100</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>291.3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>100</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="63%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">

<P><FONT SIZE=2>


Note: These figures exclude special purpose vessels and combination carriers which can transport dry cargo as well as oil.

 </FONT></P>

<P><FONT SIZE=2><B><I>The VLCC market  </I></B></FONT></P>

<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VLCC trade routes.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Because of their economies of scale, VLCCs are typically chartered to transport crude oil, wherever cargo
volumes, voyage distances and port and canal size restrictions permit. VLCCs carry approximately 80% to 85% of all crude oil exported from the Middle East and are most frequently deployed on
long-haul Arabian Gulf trade routes to the Far East, to Western Europe (via the Cape of Good Hope) and to the U.S. Gulf.

 </FONT>

</P>

<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VLCC fleet profile.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;VLCCs comprise the largest segment of the crude-carrying tanker fleet, constituting 49% of fleet
deadweight capacity as of October&nbsp;1, 2006. Apart from IMO regulations, the key factors influencing the scrapping of VLCCs have been their age and the repair and maintenance costs of keeping
them in class. Most of the VLCCs built in the 1970s have been scrapped and, correspondingly, the average age of the VLCC fleet has declined steeply from 14.2&nbsp;years at the end of 1999 to
8.8&nbsp;years by October&nbsp;1, 2006. Although only 16 VLCCs will pass their 25<SUP>th</SUP> or 30<SUP>th</SUP> anniversaries during the current decade, some 173 VLCCs (or 33% of the VLCC
fleet by dwt capacity) do not have double hulls. Given the considerable cost of retrofitting a second hull to a VLCC of this age and given that current IMO regulations stipulate (subject to some
exceptions) that all non-double hulled VLCCs must be phased out by 2010, it is likely that high levels of enforced scrappings will persist during the present decade.

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>49</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=53,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=610570,FOLIO='49',FILE='DISK134:[06NYC5.06NYC4565]CQ4565A.;17',USER='NDEWIND',CD=';9-JAN-2007;22:23' -->
<A NAME="page_cq4565_1_50"> </A>
<BR>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Over the next five years, approximately 46.6&nbsp;million dwt of VLCC newbuildings are scheduled for delivery. This corresponds to 33% of the VLCC fleet as at October&nbsp;1, 2006
and approximately matches the capacity of the remaining non-double hulled vessels. Actual deliveries will depend on whether shipyards alter their delivery schedules and whether new
contracts are added to the volume of orders already placed. However, as previously mentioned, available shipyard berths for new contract deliveries prior to 2010 are extremely limited. As such, actual
deliveries from 2007 through 2009 are more likely to fall short of, rather than exceed, those currently scheduled. The chart below, which includes scheduled new deliveries, outlines the VLCC fleet by
deadweight by year built.

</FONT></P>

<P ALIGN="CENTER">


<FONT SIZE=2><B>VLCC FLEET BY YEAR OF BUILD<BR>
AND SCHEDULED NEW DELIVERIES<BR>
(AS AT OCTOBER 1, 2006)

  </B></FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g64137.jpg" ALT="GRAPHICS" WIDTH="684" HEIGHT="393">
  </B></FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VLCC earnings.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;VLCC freight rates can be highly volatile and vary substantially even on a day-to-day
basis. VLCC rates depend largely on the market fundamentals of VLCC supply and demand but are also influenced by other factors such as the cost of bunkers and port charges. Modern vessels typically
earn more than older vessels due to fuel and other efficiencies. In addition, older vessels are prone to longer off hire periods due to repair and maintenance requirements, which reduce their earnings
capabilities. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The chart below shows VLCC time charter equivalent spot rates for VLCCs. During the latest peak in November&nbsp;2005, average earnings for a modern double hull VLCC exceeded $110,000
per day. Although freight rates have subsequently come off these peaks, VLCC average annual earnings remain at very high levels compared with the 1980s and 1990s. Despite their volatility, earnings in
the seven years since 1999 have been higher than during any comparable period in the past.

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>50</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=54,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=466473,FOLIO='50',FILE='DISK134:[06NYC5.06NYC4565]CQ4565A.;17',USER='NDEWIND',CD=';9-JAN-2007;22:23' -->
<A NAME="page_cq4565_1_51"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><B>VLCC (MODERN DOUBLE HULL)<BR>
AVERAGE TIME CHARTER EQUIVALENT EARNINGS  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g770582.jpg" ALT="GRAPHICS" WIDTH="670" HEIGHT="405">
  </B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="90%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2000</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2001</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2002</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=13 ALIGN="CENTER"><FONT SIZE=1><B>(in U.S. dollars per day)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="48%"><FONT SIZE=1>Average TCE Earnings</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>55,440</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>38,829</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>22,807</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>52,684</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>96,325</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>60,627</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>63,073</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->


<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VLCC prices.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;After a long period of relative stability, shipyard contracting prices for VLCCs began to climb
in 2003. Buoyed by strong orderbooks and steep cost increases for steel plate, the average shipyard contract price for a VLCC newbuilding more than doubled from $63&nbsp;million in the fourth
quarter of 2002 to $129&nbsp;million by the fourth quarter of 2006. Resale values have increased even more markedly. Strong earnings growth and the lack of near-term berths have caused
the average price of a ten year old VLCC to triple from $32&nbsp;million to $96&nbsp;million over the same period.

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>51</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=55,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=496628,FOLIO='51',FILE='DISK134:[06NYC5.06NYC4565]CQ4565A.;17',USER='NDEWIND',CD=';9-JAN-2007;22:23' -->
<A NAME="page_cq4565_1_52"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
chart below depicts the average newbuild price of a VLCC compared with the resale price of a ten year old vessel over the last decade. In both instances, VLCC prices have seen
dramatic increases from 2003 to the present time. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>VLCC NEWBUILD AND RESALE VALUES  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g127356.jpg" ALT="GRAPHICS" WIDTH="643" HEIGHT="405">
  </B></FONT></P>

<P><FONT SIZE=2><B><I>The Aframax Market  </I></B></FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aframax trade routes.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As a result of their flexibility and size, Aframaxes are deployed in much more diverse trading patterns
than the larger tankers and transport crude from virtually all the major crude exporting regions in both the Atlantic and Pacific. Aframax crude carriers are typically deployed on short haul or
distributive routes where draft or other size restrictions prevent the use of larger tankers or where crude oil is produced or consumed in smaller quantities. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
principal intra-regional trading areas for Aframax crude carriers are Europe and the Mediterranean (including the Black Sea), the Atlantic Basin (including the Caribbean and North
Sea) and the Asia Pacific region. However, Aframaxes also transport crude on longer haul routes, in particular, across the Atlantic Ocean westbound from Europe to North America. </FONT></P>

<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aframax fleet profile.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Aframax tankers account for the second-largest share (after VLCCs) of the total crude tanker fleet by
dwt. As at October&nbsp;1, 2006, this share was 24% of the fleet, including coated tankers which can also transport refined products. The average age of the Aframax fleet is 9.0&nbsp;years and,
like other tanker fleets, the fleet is substantially younger than it was five years ago. However, approximately 7.9&nbsp;million dwt, or 11.1% of fleet capacity, is 20 or more years old and
15.7&nbsp;million dwt, or 22.0% of the fleet, is not fitted with double hulls. Aframax tankers are subject to the same IMO regulations as VLCCs and, while it is not possible to know with certainty
whether these regulations will change, it is highly probable that the large majority of tonnage that is not double hulled will have to be scrapped by 2010.


</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>52</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=56,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=1041032,FOLIO='52',FILE='DISK134:[06NYC5.06NYC4565]CQ4565A.;17',USER='NDEWIND',CD=';9-JAN-2007;22:23' -->
<A NAME="page_cq4565_1_53"> </A>
<BR>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aframax newbuildings scheduled for delivery from 2006 through 2010 stood at 23.0&nbsp;million dwt as at October&nbsp;1, 2006, representing 32.2% of the existing Aframax fleet. Since
shipyard berths for additional newbuilding contracts are effectively unavailable for delivery prior to 2010, it is likely that actual deliveries will not exceed this figure over the next three years.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
chart below, which includes scheduled new deliveries, outlines the Aframax fleet by deadweight by year built. </FONT></P>

<P ALIGN="CENTER">


<FONT SIZE=2><B>AFRAMAX FLEET BY YEAR OF BUILD<BR>
AND SCHEDULED NEW DELIVERIES<BR>
(AS AT OCTOBER 1, 2006)

  </B></FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g841059.jpg" ALT="GRAPHICS" WIDTH="678" HEIGHT="405">
  </B></FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aframax earnings.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Aframax earnings are highly volatile and vary substantially even on a day-to-day
basis. While earnings depend largely on the supply-demand imbalance, other factors govern earnings. Modern vessels typically earn more than older vessels due to fuel and other efficiencies. In
addition, modern tonnage is generally preferred for time charters. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The chart below shows time charter equivalent spot rates for modern Aframaxes. As with VLCC rates, Aframax spot rates have been extremely volatile during the current decade. However,
average freight earnings have remained substantially higher than during the previous decade. Even since the

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>53</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=57,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=685250,FOLIO='53',FILE='DISK134:[06NYC5.06NYC4565]CQ4565A.;17',USER='NDEWIND',CD=';9-JAN-2007;22:23' -->
<A NAME="page_cq4565_1_54"> </A>
<BR>

<P><FONT SIZE=2>


freight market touched record levels of over $90,000 per day during November&nbsp;2004, rates have not fallen below levels that were peaks during the latter half of the 1990s.

 </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>AFRAMAX (MODERN DOUBLE HULL)<BR>
AVERAGE TIME CHARTER EQUIVALENT EARNINGS  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g971671.jpg" ALT="GRAPHICS" WIDTH="684" HEIGHT="405">
  </B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="90%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2000</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2001</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2002</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>2006</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=13 ALIGN="CENTER"><FONT SIZE=1><B>(in U.S. dollars per day)<BR> </B></FONT><BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="48%"><FONT SIZE=1>Average TCE Earnings</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>33,698</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>31,095</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>19,641</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>34,339</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>49,775</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>41,835</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>39,356</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->


<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aframax prices.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Aframax prices have followed a similar pattern to those of VLCCs for the same reasons.
Shipyard contracting prices started to rise in 2003 as a result both of the global shortage of shipyard berths and cost pressures, particularly for steel plate. As a result, the average shipyard
contract price for an Aframax newbuilding has risen by over 90% since the end of 2002. Due to strong earnings growth and the premium on immediate delivery, resale values have climbed substantially
faster. At the beginning of 2002, the average price of a ten year old Aframax amounted to just over 50% of the contracting cost for an equivalent newbuilding. During 2006, that figure has averaged
above 80%.

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>54</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=58,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=565859,FOLIO='54',FILE='DISK134:[06NYC5.06NYC4565]CQ4565A.;17',USER='NDEWIND',CD=';9-JAN-2007;22:23' -->
<A NAME="page_cq4565_1_55"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
chart below depicts the average newbuild price of an Aframax compared with the resale price of a ten year old vessel over the last decade. In both instances, Aframax prices have seen
dramatic increases from 2003 to the present time. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>AFRAMAX NEWBUILD AND RESALE VALUES  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g319741.jpg" ALT="GRAPHICS" WIDTH="628" HEIGHT="396">
  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>55</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=59,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=317315,FOLIO='55',FILE='DISK134:[06NYC5.06NYC4565]CQ4565A.;17',USER='NDEWIND',CD=';9-JAN-2007;22:23' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_cs4565_1_56"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cs4565_business"> </A>
<A NAME="toc_cs4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>BUSINESS    <BR>    </B></FONT></P>


<P><FONT SIZE=2><B>Our Company  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We operate a fleet of double hull tankers. Our fleet currently consists of three very large crude carriers, or VLCCs, which are tankers ranging in size from
200,000 to 320,000 deadweight tons, or dwt, and four Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt. Our fleet principally operates on international routes and had a
combined carrying capacity of 1,342,372 dwt and a weighted average age of 6.6&nbsp;years as of September&nbsp;30, 2006, compared with a weighted average age of 9.5&nbsp;years for the world
tanker fleet.

 </FONT>

</P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We acquired the seven vessels in our fleet from subsidiaries of OSG on October&nbsp;18, 2005 in exchange for cash and shares of our common stock, and we have chartered these vessels
back to subsidiaries of OSG. OSG, one of the world's largest bulk-shipping companies, owns and operates a modern fleet of 91 vessels (including the seven vessels that comprise our fleet)
that have a combined carrying capacity of 11.6&nbsp;million dwt as of September&nbsp;30, 2006. OSG's fleet consists of both internationally flagged and U.S. flagged vessels that transport crude
oil, petroleum products and dry bulk commodities. OSG beneficially owned approximately 44.5% of our outstanding common stock as of January&nbsp;16, 2007.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
strategy is to charter our vessels primarily pursuant to multi-year time charters to take advantage of the stable cash flow associated with long-term time
charters. In addition, our time charter arrangements include a profit sharing component that gives us the opportunity to earn additional hire when vessel earnings exceed the basic hire amounts set
forth in the charters. Our vessels are operated in the Tankers International Pool and the Aframax International Pool, and we expect our potential to earn additional hire will benefit from the higher
utilization rates realized by these pools. In a pooling arrangement, the net revenues generated by all of the vessels in a pool are aggregated and distributed to pool members pursuant to a
pre-arranged weighting system that recognizes each vessel's earnings capacity based on its cargo capacity, speed and consumption, and actual on-hire performance. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective
October&nbsp;18, 2005, we time chartered our tankers to subsidiaries of OSG for terms of five to six and one-half years. Each time charter may be renewed by the
charterer on one or more successive occasions for periods of one, two or three years, up to an aggregate of five, six or eight years, depending on the vessel. If a time charter is renewed, the charter
terms providing for profit sharing will remain in effect and the charterer, at the time of exercise, will have the option to select a basic charter rate that is equal to (i)&nbsp;5% above the
published one-, two- or three-year time charter rate (corresponding to the extension length) for the vessel's class, as decided by a shipbrokers panel, or
(ii)&nbsp;the basic hire rate set forth in the applicable charter. The shipbrokers panel, which we call the Broker Panel, will be The Association of Shipbrokers and Agents Tanker Broker Panel or
another panel of brokers mutually acceptable to us and the charterer. </FONT></P>


<P><FONT SIZE=2><B>Our Competitive Strengths  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We believe that we have a number of strengths that provide us with a competitive advantage in the tanker industry, including:

</FONT></P>


<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>A modern, high quality fleet.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;As of September&nbsp;30, 2006, our three VLCC and four Aframax vessels had a
weighted average age of 6.6&nbsp;years, compared with a weighted average age for the world tanker fleet of 9.5&nbsp;years. All of our tankers are of double hull construction and were designed and
built to OSG's specifications and, prior to the IPO, were only operated by OSG. We believe they are among the most efficient and safest tankers in the world. We believe that owning and maintaining a
modern, high quality fleet reduces off hire time and operating costs, improves safety and environmental performance and provides us with a competitive advantage in securing employment for our ships. </FONT>

</DD></DL>
</UL>

<P ALIGN="CENTER"><FONT SIZE=2>56</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=60,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=587702,FOLIO='56',FILE='DISK134:[06NYC5.06NYC4565]CS4565A.;17',USER='MREYES',CD='12-JAN-2007;17:53' -->
<A NAME="page_cs4565_1_57"> </A>
<UL>
<UL>
</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Participation in OSG's pooling arrangements.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We believe that we benefit from OSG's membership in the Tankers
International Pool for VLCCs and the Aframax International Pool for Aframaxes, and we expect OSG's subsidiaries to continue to operate our vessels in these pools. We believe that, over a longer period
of time, our potential to earn additional hire will be enhanced by the higher utilization rates and lower overhead costs that a vessel operating inside a pool can achieve compared with a vessel
operating independently outside of a pool.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>An experienced management team.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Our management team is led by Ole Jacob Diesen, our chief executive officer, who
has over 30&nbsp;years of experience in the shipping industry. Mr.&nbsp;Diesen has been an independent corporate and financial management consultant since 1997 and has extensive
experience in the shipping industry, including advising on a broad range of shipping transactions such as vessel sales and financings, vessel charters, pooling and technical management agreements. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2><B>Our Strategy  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our strategy is designed to generate stable cash flow through long-term fixed rate charters that provide us with the potential to earn additional
revenue. The key elements of our strategy are: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Charter our fleet primarily under multi-year, fixed-rate time charters that provide for profit
sharing.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We have time chartered all of our vessels to subsidiaries of OSG, one of the world's largest bulk-shipping companies, for periods of five to
six and one-half years under charters that provide for fixed monthly payments, plus the potential to earn additional profit sharing payments. We believe that our long-term
charters will generate stable and predictable cash flow and provide us with the opportunity to earn significant additional hire as market rates exceed our basic hire rates.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Substantially fix our operating costs under our ship management agreements.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Our tankers are managed by Tanker
Management&nbsp;Ltd., a wholly owned indirect subsidiary of OSG that we refer to as Tanker Management, or our technical manager, pursuant to ship management agreements that became effective at the
completion of our IPO. Under these agreements, which are coterminous with the charter for the applicable vessel, Tanker Management has assumed all responsibilities for the technical management of our
vessels and for most of the operating costs (excluding insurance premiums and vessel taxes) in exchange for a fee that is fixed through October&nbsp;2007. We believe these arrangements provide us
with added certainty regarding the operating costs of our vessels.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>Strategically expand our fleet.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We intend to grow our fleet through timely and selective acquisitions of
additional vessels in a manner that is accretive to earnings and dividends per share over time. Although our fleet consists of our three VLCCs and four Aframax tankers, we intend to consider potential
acquisitions of tankers in smaller size classes as well. To facilitate our future acquisitions, we entered into a credit facility in connection with our IPO that, subject to the satisfaction of
conditions to drawdown, permits us to borrow on a committed basis up to $150&nbsp;million to finance the purchase price of additional vessels that we may acquire in the future. </FONT></DD></DL>
</UL>
<BR>

<P><FONT SIZE=2><B>Charter Arrangements  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following summary of the material terms of the charters does not purport to be complete and is subject to, and qualified in its entirety by reference to, all
the provisions of the charters. Because the following is only a summary, it does not contain all information that you may find useful. For more complete information, you should read the entire time
charter party for each vessel filed as an exhibit to the registration statement of which this prospectus forms a part. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>57</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=61,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=511325,FOLIO='57',FILE='DISK134:[06NYC5.06NYC4565]CS4565A.;17',USER='MREYES',CD='12-JAN-2007;17:53' -->
<A NAME="page_cs4565_1_58"> </A>
<BR>

<P><FONT SIZE=2><B><I>General  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective October 18, 2005, our wholly owned subsidiaries time chartered our vessels to the charterers for a period of five to six and one-half years,
as set forth in the table below. Each time charter may be renewed by the charterer on one or more successive occasions for periods of one, two or three years, up to an aggregate of five, six or eight
years, depending on the vessel. The charterer must exercise its renewal option in writing at least 90&nbsp;days prior to expiration of the existing charter. If a time charter is renewed, the charter
terms providing for profit sharing will remain in effect and the charterer, at the time of exercise, will have the option to select a basic charter rate that is equal to (i)&nbsp;5% above the
published one-, two- or three-year time charter rate (corresponding to the extension length) for the vessel's class, as decided by a shipbrokers panel, or
(ii)&nbsp;the basic hire rate set forth in the charter. The shipbrokers panel, which we call the Broker Panel, will be The Association of Shipbrokers and Agents Tanker Broker Panel or another panel
of brokers mutually acceptable to us and the charterer. We guarantee the obligations of each of our subsidiaries under the charters and OSG guarantees each charterer's obligation to make charter
payments to us. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="89%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="31%" ALIGN="LEFT"><FONT SIZE=1><B>Vessel<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="CENTER"><FONT SIZE=1><B>Term of Initial<BR>
Charter</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="19%" ALIGN="CENTER"><FONT SIZE=1><B>Expiration of Initial<BR>
Charter</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="17%" ALIGN="CENTER"><FONT SIZE=1><B>Term of Extension<BR>
Periods</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>Maximum Aggregate<BR>
Extension Term</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Overseas Ann</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>6<SUP>1</SUP>/<SMALL>2</SMALL> years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>April 17, 2012</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>1, 2 or 3 years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>8 years</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Overseas Chris</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>6 years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2011</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>1, 2 or 3 years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>8 years</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Regal Unity</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>5<SUP>1</SUP>/<SMALL>2</SMALL> years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>April 17, 2011</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>1, 2 or 3 years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>6 years</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Overseas Cathy</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>6<SUP>1</SUP>/<SMALL>4</SMALL> years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>January 17, 2012</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>1, 2 or 3 years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>8 years</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Overseas Sophie</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>5<SUP>3</SUP>/<SMALL>4</SMALL> years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>July 17, 2011</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>1, 2 or 3 years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>8 years</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Rebecca</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>5 years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2010</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>1, 2 or 3 years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5 years</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Ania</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>5 years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2010</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>1, 2 or 3 years</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5 years</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
charterers are wholly owned subsidiaries of OSG. Under the charters, we are required to keep the vessels seaworthy, and to crew, operate and maintain them, including ensuring
(i)&nbsp;that the vessels have been approved for trading (referred to in the industry as "vetting approvals") by a minimum of four major oil companies and (ii)&nbsp;that we do not lose any vetting
approvals that are required to maintain the vessels' trading patterns. Tanker Management performs those duties for us under the ship management agreements described below. If structural changes or new
equipment is required due to changes mandated by legislation or regulation, the vessel classification society or the standards of an oil company for which vetting approval is required, the charterers
will be required to pay the first $50,000 per year per vessel for all such changes. To the extent the cost of all such changes exceeds $50,000, the excess cost will be apportioned to us and the
charterer of the vessel on the basis of the ratio of the remaining charter period and the remaining useful life of the vessel (calculated as 25&nbsp;years from the year built), with the charterers
paying 50% of the apportioned cost. Each charter also provides that the basic hire will be reduced if the vessel does not achieve the performance specifications set forth in the charter. Pursuant to
the charters, the charterers have agreed to endeavour to avoid or limit any liability to their customers for consequential damages. In addition, the charterers and OIN have agreed to use their
commercial best efforts to charter our vessels on market terms and to ensure that preferential treatment is not given to any other vessels owned, managed or controlled by OIN or its affiliates. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
charterers have a right of first offer over the sale of a vessel, which, in the event we wish to sell a vessel, requires us to offer to sell the vessel to the applicable charterer at
a price determined by a shipbroker panel. The charterers are not obligated to pay us charter hire for off hire days that include days a vessel is unable to be in service due to, among other things,
repairs or drydockings. However, we have obtained loss of hire insurance that will generally provide coverage against business interruption for periods of more than 21&nbsp;days (in the case of our
VLCCs) or 14&nbsp;days (in the case of our Aframaxes) per incident (up to a maximum of 120&nbsp;days per incident), following any loss under our hull and machinery policy. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>58</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=62,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=440908,FOLIO='58',FILE='DISK134:[06NYC5.06NYC4565]CS4565A.;17',USER='MREYES',CD='12-JAN-2007;17:53' -->
<A NAME="page_cs4565_1_59"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
terms of the charters do not provide the charterers with an option to terminate the charter before the end of their respective terms. However, the charterers may terminate in the
event of the total loss or constructive total loss of a vessel, if the vessel fails an inspection by a government and/or a port state authority, in the event the vessel fails to comply with the
charter's vetting requirements, or in the event that the vessel is rendered unavailable for charterers' service for a period of thirty days or more as a result of detention of a vessel by any
governmental authority, or by any legal action against vessel or owners, or by any strike or boycott by the vessel's officers or crew. </FONT></P>

<P><FONT SIZE=2><B><I>Basic Hire  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under each time charter, the daily charter rate for each of our vessels, which we refer to as basic hire, is payable to us monthly in advance and will increase
annually. The basic hire under the charters for each vessel type during each year of the fixed term of the charter is as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="98%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="24%" ALIGN="LEFT"><FONT SIZE=1><B>Charter Year<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="17%" ALIGN="CENTER"><FONT SIZE=1><B>End of Charter Year*</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>VLCC</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Aframax<BR>
(</B></FONT><FONT SIZE=1><I>Overseas Cathy</I></FONT><FONT SIZE=1> and<BR></FONT> <FONT SIZE=1><I>Overseas Sophie</I></FONT><FONT SIZE=1>)</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Aframax<BR>
(</B></FONT><FONT SIZE=1><I>Rebecca</I></FONT><FONT SIZE=1> and </FONT><FONT SIZE=1><I>Ania</I></FONT><FONT SIZE=1>)</FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="24%"><FONT SIZE=2>1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2006</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>37,200/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>24,500/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>18,500/day</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="24%"><FONT SIZE=2>2</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2007</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>37,400/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>24,700/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>18,700/day</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="24%"><FONT SIZE=2>3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2008</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>37,500/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>24,800/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>18,800/day</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="24%"><FONT SIZE=2>4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2009</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>37,600/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>24,900/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>18,900/day</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="24%"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2010</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>37,800/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>25,100/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>19,100/day</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="24%"><FONT SIZE=2>6</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2011</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>38,100/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>25,400/day</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD><FONT SIZE=2>The
charters for the </FONT><FONT SIZE=2><I>Overseas Cathy</I></FONT><FONT SIZE=2> and the </FONT><FONT SIZE=2><I>Overseas Ann</I></FONT><FONT SIZE=2> expire on January&nbsp;17,
2012 and April&nbsp;17, 2012, respectively. During the period from October&nbsp;17, 2011 to their respective expiration dates, the basic hire is $25,700 and $38,500 per day, respectively. The
charter for the </FONT><FONT SIZE=2><I>Regal Unity</I></FONT><FONT SIZE=2> expires on April&nbsp;17, 2011 and the charter for the </FONT><FONT SIZE=2><I>Overseas Sophie</I></FONT><FONT SIZE=2>
expires on July&nbsp;17, 2011. </FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
each time charter, the charterer has the option to renew the charter on one or more successive occasions for periods of one, two or three years, up to an aggregate of five, six or
eight years, depending on the vessel. Each such option will be exercisable not less than three months prior to the then effective charter expiration date. If a time charter is renewed, the charter
terms providing for profit sharing will remain in effect and the charterer, at the time of exercise, will have the option to select a basic charter rate that is equal to (i)&nbsp;5% above the
published one-, two- or three-year time charter rate (corresponding to the extension length) for the vessel's class, as decided by the Broker Panel, or
(ii)&nbsp;the basic hire rate set forth in the charter. The Broker Panel will be The Association of Shipbrokers and Agents Tanker Broker Panel or another panel of brokers mutually acceptable to us
and the charterer. </FONT></P>

<P><FONT SIZE=2><B><I>Additional Hire  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to our charter arrangements, the parent of each of the charterers, OSG International, Inc., or OIN, has agreed to pay us quarterly in arrears a payment,
which is in addition to the basic hire we will receive under our charters, that we refer to as additional hire. OIN will pay us additional hire on a quarterly basis equal to 40% of the excess, if any,
of the aggregate charter hire earned (or deemed earned in the event that a vessel is operated in the spot market outside a pool) by the charterers on all of our vessels above the aggregate basic hire
paid by the charterers to us in respect of all of our vessels during the calculation period. OSG has guaranteed the additional hire payments due to us under the charter framework agreement. If we sell
a vessel to a third party, the vessel will continue to be subject to the charter framework agreement and will continue to earn additional hire, but will not be included in our fleetwide calculations.
Additional hire is calculated on a time charter </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>59</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=63,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=973213,FOLIO='59',FILE='DISK134:[06NYC5.06NYC4565]CS4565A.;17',USER='MREYES',CD='12-JAN-2007;17:53' -->
<A NAME="page_cs4565_1_60"> </A>
<BR>

<P><FONT SIZE=2>equivalent,
or TCE, basis, regardless of whether the charterers operate our vessels in a pool, on time charters or in the spot market. However, the manner in which charter hire is calculated for a
given period depends on whether our vessels are operated in a pool or in the time or spot charter market. Currently, all of our vessels are operated in either the Tankers International Pool or the
Aframax International Pool. </FONT></P>

<P><FONT SIZE=2><I>General provisions regarding additional hire.  </I></FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the First Four Fiscal Quarters.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Additional hire is calculated at the end of each quarter through and including the
quarter ending September&nbsp;30, 2006 for the period commencing on the effective date of the charters and ending on the last day of the applicable quarter, as follows: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>TCE
revenue earned or deemed earned by the charterers for all of our vessels over the calculation period is aggregated;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
basic hire earned by all of our vessels during the calculation period is aggregated;

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>additional
hire for the calculation period is equal to 40% of the excess, if any, of the TCE revenue earned or deemed earned by the charterers over the basic hire earned by
all of our vessels; and



<BR><BR></FONT></DD>



<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>additional
hire payable for the relevant quarter is equal to the excess, if any, of the additional hire for the calculation period over the amount of additional hire paid in
respect of previous quarter.

</FONT></DD>

</DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
calculation period for each of the four quarters beginning on the effective date and ending on September&nbsp;30, 2006 is the period commencing on the effective date and ending on
the last day of such calendar quarter. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In Subsequent Fiscal Periods.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Additional hire for any calendar quarter ending after September&nbsp;30, 2006, is also
calculated on a fleetwide basis and will be equal to an amount that is 40% of the excess, if any, of (i)&nbsp;the aggregate of the rolling four quarter weighted average hire for all of our vessels
in the calendar quarter over (ii)&nbsp;the aggregate of the basic hire earned by all of our vessels in that calendar quarter. The weighted average hire for each vessel is determined by: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>aggregating
all TCE revenue earned or deemed earned by the vessel in the four quarter period ending on the last day of the quarter and dividing the result by the number of
days the vessel was on hire in that four quarter period; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>multiplying
the resulting rate by the number of days the vessel was on hire in the calendar quarter. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OIN
is responsible for performing the additional hire calculations each quarter, subject to our right to review its calculations. Additional hire, if any, is payable on the 35th day
following the end of each calendar quarter. We will not be required to refund any additional hire payments made to us by OIN in respect of prior periods due to our vessels earning less than the basic
hire amounts. </FONT></P>

<P><FONT SIZE=2><I>Additional hire for vessels operating in a pool.  </I></FONT></P>

<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;In order to enhance vessel utilization and earnings, OSG is a member of the Tankers International Pool, which
operates VLCCs and V&nbsp;Pluses, and the Aframax International Pool, which operates Aframaxes. Our vessels are currently operated in these pools. The Tankers International Pool consists of
46&nbsp;VLCCs and&nbsp;V Pluses as of September&nbsp;30, 2006, including our three VLCCs, and the Aframax International Pool currently consists of 36 Aframaxes as of September&nbsp;30, 2006,
including our four Aframaxes. The large number of vessels managed by these pools allows them to enhance vessel utilization, and therefore vessel earnings, with backhaul cargoes and contracts of
affreightment, or

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>60</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=64,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=315763,FOLIO='60',FILE='DISK134:[06NYC5.06NYC4565]CS4565A.;17',USER='MREYES',CD='12-JAN-2007;17:53' -->
<A NAME="page_cs4565_1_61"> </A>
<BR>

<P><FONT SIZE=2>


COAs, which minimize idle time and distances travelled empty. We therefore believe that, over a longer period of time, our potential to earn additional hire will be enhanced by the higher utilization
rates and lower overhead costs that a vessel operating inside a pool can achieve compared with a vessel operating independently outside of a pool.

 </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allocation of pool revenues.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Earnings generated by all vessels operating in a pool are expressed on a TCE basis and then
pooled and allocated based on a pre-arranged weighting system that recognizes each vessel's earnings capacity based on its cargo capacity, speed and consumption, and actual
on-hire performance. Earnings from vessels operating on voyage charters in the spot market and on COAs within the pool need to be converted into TCEs (by subtracting voyage expenses such
as fuel and port charges) while vessels operating on time charters within a pool do not need to be converted. For vessels operating on voyage charters in the spot market and on COAs, aggregated voyage
expenses are deducted from aggregated revenues to result in an aggregate net revenue amount, which is the TCE amount. These aggregate net revenues are combined with aggregate time charter revenues to
determine aggregate pool TCE revenue. Aggregate pool TCE revenue is then allocated to each vessel in accordance with the allocation formula. Because OSG currently operates all the VLCCs and Aframaxes
it owns and charters-in in the Tankers International and Aframax International Pools, respectively, we expect that our vessels will continue to be operated in these pools and that each
charterer will earn its vessel's share of the respective pool's TCE revenue from the commencement of our time charters with OSG's subsidiaries and for so long as OSG maintains its membership in that
pool. However, OSG can withdraw from either pool at any time, and the members of either pool can agree to change the terms of their respective pools at any time. Furthermore, under the current terms
of the respective pool agreements, OSG may withdraw a particular VLCC (including any of ours) from the Tankers International Pool and time charter it to third party for a term exceeding five years and
may withdraw a particular Aframax (including any of ours) from the Aframax International Pool and time charter it to a third party for a term in excess of three years. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
amount of TCE revenue earned by our vessels that operate in a pool is equal to the pool earnings for those vessels, as reported to each charterer by the respective pool manager. </FONT></P>

<P><FONT SIZE=2><I>Additional hire for vessels operating outside of a pool.  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If OSG withdraws any of our vessels from a pool, or if a pool disbands, the methodology for calculating TCE revenue for determination of additional hire with
respect to that vessel will change in the applicable quarter. In that case, TCE revenue for the affected vessel will be equal to: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>for periods under time charters:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;actual time charter hire earned by the charterer under time charters to third
parties for any periods during the quarter that the vessel operates under the time charter, less ship broker commissions paid by the charterer to unaffiliated third parties in an amount not to exceed
2.5% of such time charter hire and commercial management fees paid by the charterer to unaffiliated third parties in an amount not to exceed 1.25% of such time charter hire; plus
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><I>for periods in the spot market:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;the TCE revenue deemed earned by the charterer in the spot market, calculated as
described under the special provisions referred to below. We define spot market periods as periods during the quarter that a vessel is not subchartered by the charterer under a time charter or
operating in a pool and during which the vessel is on hire under our time charter with the charterer. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Special provisions regarding the calculation of additional hire when vessels are operated outside of a pool and not in the time charter
market.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a vessel is operated by a charterer outside of a pool and not in the time charter market (i.e., in the spot market), TCE revenue will be deemed earned for the period that the vessel
is operating on </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>61</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=65,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=971081,FOLIO='61',FILE='DISK134:[06NYC5.06NYC4565]CS4565A.;17',USER='MREYES',CD='12-JAN-2007;17:53' -->
<A NAME="page_cs4565_1_62"> </A>
<BR>

<P><FONT SIZE=2>the
spot market and is on hire under our time charter. TCE revenue will be calculated each quarter using averages of the daily spot rates (expressed in Worldscale Points) for the routes specified
below, as determined by the Broker Panel. We refer to these averages as the average spot rates and we refer to these routes as the notional routes. The average spot rates will be determined for the
notional routes as follows: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>multiplying
the daily spot rate expressed in Worldscale Points (first divided by 100) by the applicable Worldscale flat rate (expressed in U.S. dollars per ton of cargo) for
the notional route as set forth in the New Worldwide Tanker Nominal Freight Scale issued by the Worldscale Association for the relevant period and multiplying that product by the cargo size (in tons)
for each vessel type to calculate freight income;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>subtracting
voyage costs consisting of brokerage commissions of 2.5% and commercial management costs of 1.25%, bunker costs and port charges from freight income to calculate
voyage income; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>dividing
voyage income by voyage duration, including time in port. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
TCE per-day rate will be calculated based on the average spot rates reported by the Broker Panel and weighted by the notional routes as described below. TCE revenue for the
vessel will be calculated by multiplying the TCE per-day rate by the number of days the vessel was operating on hire under our time charter during that quarter. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Broker Panel will be The Association of Shipbrokers and Agents Tanker Broker Panel or another panel of brokers mutually acceptable to us and OIN. If Worldscale ceases to be
published, the Broker Panel shall use its best judgment in determining the nearest alternative method of assessing the market rates on the specified voyages. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the last day of each calendar quarter, OIN will instruct the Broker Panel to determine for each notional route the average spot rate for the relevant period during that quarter that
the vessel was on hire. Periods for which a vessel is off hire under our time charter for any reason will be excluded from the calculation. The Broker Panel will be instructed to deliver their
assessment of the average spot rates no later than the fifth business day following the instruction date to make such assessment. Upon receipt of the Broker Panel's assessment of the average spot
rates, OIN will calculate the TCE revenue deemed earned by each charterer for the relevant periods during that quarter, and will deliver such calculation to us no later than the fifth business day
following the date on which it receives the average spot rate assessment from the Broker Panel. Such TCE revenue amounts will be included in the additional hire calculation for the quarter.
Determinations of the Broker Panel will be binding on us and OIN. We and OIN will share equally the cost of such Broker Panel assessment and of any experts engaged by the Broker Panel. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
notional routes, cargo sizes and the weighting to be applied to each route in calculating the time charter equivalent daily rates is as follows: </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2><I>Aframaxes</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2>Puerta
la Cruz to Corpus Christi with 70,000 tons of crude (50% weight)<BR>
Sullom Voe to Wilhelmshaven with 80,000 tons of crude (25% weight)<BR>
Banias to Lavera with 80,000 tons of crude (25% weight) </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2><I>VLCCs</I></FONT></DD></DL>
<UL>

<P><FONT SIZE=2>Ras
Tanura to Chiba with 250,000 tons of crude (50% weight)<BR>
Ras Tanura to LOOP with 280,000 tons of crude (46% weight)<BR>
Offshore Bonny to LOOP with 260,000 tons of crude (4% weight) </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>62</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=66,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=520640,FOLIO='62',FILE='DISK134:[06NYC5.06NYC4565]CS4565A.;17',USER='MREYES',CD='12-JAN-2007;17:53' -->
<A NAME="page_cs4565_1_63"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
notional routes are intended to represent routes on which Aframaxes and VLCCs are typically traded by the charterers. If during the term of the charter, in OIN's reasonable opinion,
any notional route ceases to be used by Aframaxes or VLCCs, as the case may be, or the selection of bunkering ports for purposes of determining bunker prices ceases to be representative of bunkering
practice along a notional route, OIN may, with our consent, which we may not unreasonably withhold, instruct the Broker Panel to substitute alternative notional routes and bunkering ports that most
closely match the routes and bunkering ports then being used by Aframaxes or VLCCs and to apply appropriate weights to such alternative routes for such period. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
in OIN's reasonable opinion it becomes impractical or dangerous, due to war, hostilities, warlike operations, civil war, civil commotion, revolution or terrorism for Aframax tankers
and VLCCs to operate on the notional routes, OIN may request our agreement, which we may not unreasonably refuse, for the average daily rate to be determined during the period of such danger or
restriction of trading using average spot rates determined by the Broker Panel for alternative notional routes proposed by the charterer that reasonably reflect realistic alternative round voyage
trade for Aframaxes and VLCCs during the period of such danger or restriction of trading. In such event, the TCE revenue for such period will be calculated using the daily spot rates for such
alternative routes and applying
such weights as determined by the charterer, with our agreement, which we may not unreasonably refuse. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional
details on the calculation of TCE revenue for spot periods are set forth below: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Calculation
of voyage duration. The voyage duration for each notional route will be calculated for the laden and ballast legs of a round trip on such notional route using
the distance, speed and time in port specified below for each vessel.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>Data
used in calculations. The following data will be used in the above calculations and is subject to annual review to ensure consistency with industry standards: </FONT></DD></DL>


<P><FONT SIZE=2><B><I> Bunkers in port  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For Overseas Cathy and Overseas Sophie:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;loading 20 tons; discharging 20 tons. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For Rebecca and Ania:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;loading 20 tons; discharging 20 tons. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For VLCCs:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;loading 50 tons; discharging 200 tons. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Bunker costs  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bunkers used in the calculation of freight income will be determined based on speed, distance and consumption of bunkers at sea and in port. Bunker costs will be
equal to the bunkers used multiplied by the bunker price. Bunker prices will be as published by Platts Bunkerwire, or a similar publication or quotation service mutually acceptable to us and the
charterer, and will be increased for barge
delivery charges to reflect the average barge delivery charges in the applicable port over the prior applicable period. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bunker prices for Aframaxes:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;the weighted average of the daily mean prices during the spot period for Marine Fuel Oil grade
IFO 380 CST prevailing at each of Houston (50% weighting), Rotterdam (25% weighting) and Gibraltar (25% weighting). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>63</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=67,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=64433,FOLIO='63',FILE='DISK134:[06NYC5.06NYC4565]CS4565A.;17',USER='MREYES',CD='12-JAN-2007;17:53' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_cu4565_1_64"> </A> </FONT> <FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bunker prices for VLCCs:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;the average of the daily mean prices during the spot period for Marine Fuel
Oil grade IFO 380 CST
prevailing at each of Fujairah and Houston, averaged on an equal weighting. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Port charges  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The port charges for each notional route will be equal to the sum of port tariffs, tugs and other port call expenses at the loading and discharging ports, in U.S.
dollars, converted if necessary at the exchange rate in effect on the last calendar day of the period for which the TCE day rate is being calculated. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Time in port  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For Aframaxes:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;5&nbsp;days, which will be split 2&nbsp;days loading, 2&nbsp;days discharging and 1&nbsp;day idling. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For VLCCs:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;7.5&nbsp;days, which will be split 3&nbsp;days loading, 3&nbsp;days discharging and 1.5&nbsp;days idling. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Distance  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The distance for each notional route will be determined according to the "World-Wide Marine Distance Tables" published by British Petroleum. </FONT></P>

<UL>

<P><FONT SIZE=2><B><I> Speed and consumption at sea  </I></B></FONT></P>

</UL>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For Overseas Cathy and Overseas Sophie:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;15 knots at 60 tons per day in laden condition and 15 knots at 60 tons per day in
ballast condition, less a steaming allowance of 7.5% applied to the speeds to allow for weather and navigation. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For Rebecca and Ania:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;13.3 knots at 37 tons per day in laden condition and 13.3 knots at 37 tons per day in ballast
condition, less a steaming allowance of 7.5% applied to the speeds to allow for weather and navigation. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For VLCCs:</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;14.75 knots at 105 tons per day in laden condition and 15.75 knots at 100 tons per day in ballast condition, less
a steaming allowance of 7.5% applied to the speeds to allow for weather and navigation. </FONT></P>


<P><FONT SIZE=2><B>Ship Management Agreements  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following summary of the material terms of the ship management agreements does not purport to be complete and is subject to, and qualified in its entirety by
reference to, all the provisions of the ship management agreements. Because the following is only a summary, it does not contain all information that you may find useful. For more complete
information, you should read the entire ship management agreement for each vessel filed as an exhibit to the registration statement of which this prospectus forms a part. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
vessel owning subsidiaries have entered into fixed rate ship management agreements with Tanker Management. Under the ship management agreements, Tanker Management is responsible for
all technical management and most of the associated costs, including crewing, maintenance, repair, drydockings (subject to the provisions described below), maintaining required vetting approvals, and
other vessel operating expenses, but excluding insurance premiums and vessel taxes. We have agreed to guarantee the obligations of each of our subsidiaries under the ship management agreements. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tanker
Management will be responsible for all scheduled drydocking costs related to our vessel during the term of the ship management agreement. However, if a ship management agreement
is terminated, we will make a payment to Tanker Management in the amount of the cumulative scheduled </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>64</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=68,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=884821,FOLIO='64',FILE='DISK134:[06NYC5.06NYC4565]CU4565A.;21',USER='NLUCCA',CD='12-JAN-2007;07:44' -->
<A NAME="page_cu4565_1_65"> </A>
<BR>

<P><FONT SIZE=2>drydocking
costs paid by Tanker Management in excess of the cumulative drydock-related management fee payments paid by us, in accordance with the terms set forth in the applicable ship management
agreement. If at such time cumulative drydock-related management fee payments paid by us exceed cumulative scheduled drydocking costs paid by Tanker Management, we will receive a payment from Tanker
Management in the amount of the difference. Following the first drydocking of the applicable vessel, we will be responsible for any reasonably unanticipated repair to a vessel that (i)&nbsp;is not
due to the fair wear and tear of the vessel and (ii)&nbsp;exceeds any insurance or warranty coverage amounts. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tanker
Management is also obligated under the ship management agreements to arrange for insurance for each of our vessels, including marine hull and machinery insurance, protection and
indemnity insurance (including pollution risks and crew insurances), war risk insurance and loss of hire insurance and we are responsible for the payment of all premiums. Tanker Management is
responsible for the payment of deductibles subject to the following per claim limits:

 </FONT></P>

<UL>
<DL compact>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>for
our hull and machinery policy, $250,000 for claims on any of our VLCCs and $125,000 for claims on any of our Aframaxes;


<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>for
our protection and indemnity policy:
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>$100,000
for claims under the running down clause and the fixed and floating objects clause, and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>$15,000
for all other protection and indemnity claims. </FONT></DD></DL>
</DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tanker
Management is not required to make any payments in respect of any off hire period that is not covered by loss of hire insurance. We have obtained loss of hire insurance that will
generally provide coverage against business interruption for periods of more than 21&nbsp;days (in the case of our VLCCs) or 14 (in the case of our Aframaxes) per incident (up to a maximum of
120&nbsp;days) following any loss under our hull and machinery policy (mechanical breakdown, grounding, collision or other incidence of
damage that does not result in a total loss or constructive total loss of the vessel). Tanker Management is permitted to assign its duties under the ship management agreements to an affiliate at any
time. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
ship management agreement is coterminous with the time charter of the associated vessel. An extension of a time charter will trigger an extension of the associated ship management
agreement unless it is cancelled as described below. Under each ship management agreement, we will pay Tanker Management a technical management fee in exchange for the management services and payment
of costs described above, expressed in dollars per day that is payable monthly in advance and calculated on the actual number of days in the month. For each management agreement, the technical
management fee is fixed through October&nbsp;2007 and will increase by 2.5% per year thereafter for the duration of the agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
schedule of technical management fees for the initial charter period is as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="88%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="44%" ALIGN="LEFT"><FONT SIZE=1><B>Year of Agreement<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="19%" ALIGN="CENTER"><FONT SIZE=1><B>End of Annual Period</B></FONT><HR NOSHADE></TH>
<TH WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>VLCC</B></FONT><HR NOSHADE></TH>
<TH WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Aframax</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="44%"><FONT SIZE=2>1</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2006</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>6,500/day</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,800/day</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="44%"><FONT SIZE=2>2</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2007</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>6,500/day</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,800/day</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="44%"><FONT SIZE=2>3</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2008</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>6,663/day</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,945/day</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="44%"><FONT SIZE=2>4</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2009</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>6,829/day</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>6,094/day</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="44%"><FONT SIZE=2>5</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2010</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,000/day</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>6,246/day</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="44%"><FONT SIZE=2>6</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2011</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,175/day</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>6,402/day</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="44%"><FONT SIZE=2>7</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>October 17, 2012</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,354/day</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>6,562/day</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the ship management agreements, Tanker Management has agreed to maintain our vessels so that they comply with the requirements of our charters and are in class with valid
certification, and </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>65</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=69,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=741325,FOLIO='65',FILE='DISK134:[06NYC5.06NYC4565]CU4565A.;21',USER='NLUCCA',CD='12-JAN-2007;07:44' -->
<A NAME="page_cu4565_1_66"> </A>
<BR>

<P><FONT SIZE=2>to
keep them in the same good order and condition as when delivered, except for ordinary wear and tear. In addition, Tanker Management will be responsible for our fleet's compliance with all
government, environmental and other regulations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
ship management agreements are cancelable by us for any reason at any time upon 90&nbsp;days advance notice. Tanker Management will not be able to cancel the agreement except for
cause prior to the second anniversary. Following the second anniversary, termination by Tanker Management requires at least 90&nbsp;days advance notice. Both parties also have the right to terminate
any of the ship management agreements if the relevant charter has been terminated. If a ship management agreement is terminated, we will be required to pay a termination fee of $45,000 per vessel to
cover costs of the manager associated with termination. We will also be required to obtain the consent of the applicable charterer and our lenders before we appoint a new manager; however, such
consent may not to be unreasonably withheld. Each charterer also has the right to cause us to change the manager of the vessel under certain circumstances if it is dissatisfied with the manager's
performance. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OSG
and its affiliates, including Tanker Management, provide technical and operational management and payroll and support services for OSG's fleet of vessels, including vessels that are
majority owned by independent third parties. </FONT></P>

<P><FONT SIZE=2><B>Our Fleet  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following chart summarizes certain information about the seven vessels in our fleet. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="83%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1><B>Vessel<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>Year Built</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>Dwt</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="18%" ALIGN="CENTER"><FONT SIZE=1><B>Current Flag</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="CENTER"><FONT SIZE=1><B>Classification<BR>
Society</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2><B>VLCC</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><I>Overseas Ann</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2001</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>309,327</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>Lloyds</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><I>Overseas Chris</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2001</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>309,285</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>Lloyds</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><I>Regal Unity</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1997</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>309,966</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>ABS</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><BR><FONT SIZE=2><B>Aframax</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><I>Overseas Cathy</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2004</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>112,028</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>ABS</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><I>Overseas Sophie</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2003</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>112,045</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>ABS</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><I>Rebecca</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1994</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>94,873</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>ABS</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="41%"><FONT SIZE=2><I>Ania</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1994</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>94,848</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>ABS</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
</FONT><FONT SIZE=2><I>Regal Unity</I></FONT><FONT SIZE=2> was built in Japan by Universal Shipbuilding Corporation (formerly Hitachi Zosen Corporation) and our other six vessels
were built by Hyundai Heavy Industries Co. in South Korea, in each case under full-time on-site supervision of OSG's in-house naval architects. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
vessels were built to OSG's specifications, which, in many areas, exceed industry and shipyard standards and regulatory requirements in place at the time of construction. The vessels
were built with limited use of high tensile steel and incorporate additional steel in areas subject to high stress. All of our vessels incorporate higher coating specifications for both the hull and
the cargo tanks to minimize corrosion, reduce maintenance and help protect the environment. In addition, all of our vessels have been outfitted with high quality navigation and safety equipment as
well as enhanced anti-pollution features. As a result, we believe our vessels are among the most efficient and safest tankers in the world. </FONT></P>

<P><FONT SIZE=2><B>Risk of Loss and Insurance  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our operations may be affected by a number of risks, including mechanical failure of the vessels, collisions, property loss to the vessels, cargo loss or damage
and business interruption due to political circumstances in foreign countries, hostilities and labor strikes. In addition, the operation of any ocean-going vessel is subject to the inherent
possibility of catastrophic marine disaster, including oil spills and </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>66</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=70,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=533521,FOLIO='66',FILE='DISK134:[06NYC5.06NYC4565]CU4565A.;21',USER='NLUCCA',CD='12-JAN-2007;07:44' -->
<A NAME="page_cu4565_1_67"> </A>
<BR>

<P><FONT SIZE=2>other
environmental mishaps, and the liabilities arising from owning and operating vessels in international trade. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tanker
Management is responsible for arranging for the insurance of our vessels on terms specified in the ship management agreements, which we believe are in line with standard industry
practice. We are responsible for the payment of premiums. Tanker Management is responsible for the payment of deductibles, up to the amounts specified in the ship management agreements, but will not
be required to reimburse us for off hire periods that are not covered by loss of hire insurance. In accordance with the ship management agreements, Tanker Management has arranged for marine hull and
machinery and war risks insurance, which includes the risk of actual or constructive total loss, and protection and indemnity insurance with mutual assurance associations. Tanker Management has also
agreed in the ship management agreements to arrange for loss of hire insurance in respect of each of our vessels, subject to the availability of such coverage at commercially reasonable terms. Loss of
hire insurance generally provides coverage against business interruption following any loss under our hull and machinery policy. We have obtained loss of hire insurance that generally provides
coverage against business interruption for periods of more than 21&nbsp;days (in the case of our VLCCs) or 14 (in the case of our Aframaxes) per incident (up to a maximum of 120&nbsp;days)
following any loss under our hull and machinery policy (mechanical breakdown, grounding, collision or other incidence of damage that does
not result in a total loss of the vessel). Currently, the amount of coverage for liability for pollution, spillage and leakage available to us on commercially reasonable terms through protection and
indemnity associations and providers of excess coverage is $1&nbsp;billion per vessel per occurrence. Protection and indemnity associations are mutual marine indemnity associations formed by
shipowners to provide protection from large financial loss to one member by contribution towards that loss by all members. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
believe that our anticipated insurance coverage will be adequate to protect us against the accident-related risks involved in the conduct of our business and that we will maintain
appropriate levels of environmental damage and pollution insurance coverage, consistent with standard industry practice. However, there is no assurance that all risks are adequately insured against,
that any particular claims will be paid or that we will be able to obtain adequate insurance coverage at commercially reasonable rates in the future following termination of the ship management
agreements. </FONT></P>

<P><FONT SIZE=2><B>Inspection by a Classification Society  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Every commercial vessel's hull and machinery is evaluated by a classification society authorized by its country of registry. The classification society certifies
that the vessel has been built and maintained in accordance with the rules of the classification society and complies with applicable rules and regulations of the vessel's country of registry and the
international conventions of which that country is a member. Each vessel is inspected by a surveyor of the classification society in three surveys of varying frequency and thoroughness: every year for
the annual survey, every two to three years for intermediate surveys and every four to five years for special surveys. Should any defects be found, the classification surveyor will issue a
"recommendation" for appropriate repairs which have to be made by the shipowner within the time limit prescribed. Vessels may be required, as part of the annual and intermediate survey process, to be
drydocked for inspection of the underwater portions of the vessel and for necessary repair stemming from the inspection. Special surveys always require drydocking. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of our vessels has been certified as being "in class" by a member society of the International Association of Classification Societies, indicated in the table on page 66 of this
prospectus. </FONT></P>


<P><FONT SIZE=2><B>Environmental Regulation  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Government regulation significantly affects the ownership and operation of our tankers. They are subject to international conventions, national, state and local
laws and regulations in force in the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>67</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=71,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=63992,FOLIO='67',FILE='DISK134:[06NYC5.06NYC4565]CU4565A.;21',USER='NLUCCA',CD='12-JAN-2007;07:44' -->
<A NAME="page_cu4565_1_68"> </A>
<BR>

<P><FONT SIZE=2>countries
in which our tankers may operate or are registered. Under our ship management agreements, Tanker Management has assumed technical management responsibility for our fleet, including
compliance with all government and other regulations. If our ship management agreements with Tanker Management terminate, we would attempt to hire another party to assume this responsibility,
including compliance with the regulations described herein and any costs associated with such compliance. However, in such event we may be unable to hire another party to perform these and other
services for a fixed fee as is the case with Tanker Management, and we may incur substantial costs to comply with environmental requirements. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
variety of governmental and private entities subject our tankers to both scheduled and unscheduled inspections. These entities include the local port authorities (U.S. Coast Guard,
harbor master or equivalent), classification societies, flag state administration (country of registry) and charterers, particularly terminal operators and oil companies. Certain of these entities
require us to obtain permits, licenses and certificates for the operation of our tankers. Failure to maintain necessary permits or approvals could require us to incur substantial costs or temporarily
suspend operation of one or more of our tankers. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
believe that the heightened level of environmental and quality concerns among insurance underwriters, regulators and charterers is leading to greater inspection and safety
requirements on all tankers and may accelerate the scrapping of older tankers throughout the industry. Increasing environmental concerns have created a demand for tankers that conform to the stricter
environmental standards. Tanker Management is required to maintain operating standards for all of our tankers emphasizing operational safety, quality maintenance, continuous training of our officers
and crews and compliance with U.S. and international regulations. We believe that the operation of our vessels is in substantial compliance with applicable environmental laws and regulations; however,
because such laws and regulations are frequently changed and may impose increasingly stringent requirements, we cannot predict the ultimate cost of complying with these requirements, or the impact of
these requirements on the resale value or useful lives of our tankers. </FONT></P>

<P><FONT SIZE=2><B>International Maritime Organization  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In April&nbsp;2001, the IMO adopted regulations under the International Convention for the Prevention of Pollution from Ships, or MARPOL, requiring new tankers
of 5,000 dwt and over, contracted for
construction since July&nbsp;6, 1993, to have double hull, mid-deck or equivalent design. At that time the regulations also required the phase-out of non-double
hull tankers by 2015, with tankers having double sides or double bottoms permitted to operate until the earlier of 2017 or when the vessel reaches 25&nbsp;years of age. Existing single hull tankers
were required to be phased out unless retrofitted with double hull, mid-deck or equivalent design no later than 30&nbsp;years after delivery. These regulations were adopted by over 150
nations, including many of the jurisdictions in which our tankers operate. Subsequent amendments to the MARPOL regulations accelerated the phase out of single hull tankers to 2005 for
Category&nbsp;I vessels and 2010 for Category&nbsp;II and III vessels. Category&nbsp;I vessels are crude oil tankers of 20,000 dwt and above and product tankers of 30,000 dwt and above that are
pre-MARPOL Segregated Ballast Tanks (SBT) tankers. Category&nbsp;II tankers are crude oil tankers of 20,000 dwt and above and product tankers of 30,000 dwt and above that are
post-MARPOL SBT tankers. Category&nbsp;III tankers are tankers above 5,000 dwt, but below the deadweight specified for Category&nbsp;I and II tankers above. The IMO may adopt
additional regulations in the future that could further restrict the operation of single hull vessels. All of our tankers are double hulled and are thus not subject to phase-out under
existing IMO regulations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
IMO has also negotiated international conventions that impose liability for oil pollution in international waters and a signatory's territorial waters. In September&nbsp;1997, the
IMO adopted Annex VI to the International Convention for the Prevention of Pollution from Ships to address air pollution from ships. Annex VI, which became effective in May&nbsp;2005, sets limits on
sulfur oxide and nitrogen </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>68</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=72,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=680417,FOLIO='68',FILE='DISK134:[06NYC5.06NYC4565]CU4565A.;21',USER='NLUCCA',CD='12-JAN-2007;07:44' -->
<A NAME="page_cu4565_1_69"> </A>
<BR>

<P><FONT SIZE=2>oxide
emissions from ship exhausts and prohibits deliberate emissions of ozone depleting substances, such as chlorofluorocarbons. Annex VI also includes a global cap on the sulfur content of fuel oil
and allows for special areas to be established with more stringent controls on sulfur emissions. All of our vessels are currently compliant with these regulations. Additional or new conventions, laws
and regulations may be adopted that could adversely affect Tanker Management's ability to manage our ships. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the International Safety Management Code, or ISM Code, promulgated by the IMO, the party with operational control of a vessel is required to develop an extensive safety management
system that includes, among other things, the adoption of a safety and environmental protection policy setting forth instructions and procedures for operating its vessels safely and describing
procedures for responding to emergencies. Tanker Management will rely upon its safety management system. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
ISM Code requires that vessel operators obtain a safety management certificate for each vessel they operate. This certificate evidences compliance by a vessel's management with code
requirements for a safety management system. No vessel can obtain a certificate unless its operator has been awarded a document of compliance, issued by each flag state, under the ISM Code. Tanker
Management has the requisite documents of compliance for its offices and safety management certificates for all of our tankers for which the certificates are required by the IMO. Tanker Management is
required to renew these documents of compliance and safety management certificates annually. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noncompliance
with the ISM Code and other IMO regulations may subject the ship-owner or charterer to increased liability, may lead to decreases in available insurance
coverage for affected vessels and may result in the denial of access to, or detention in, some ports. For example, the U.S. Coast Guard and European Union authorities have indicated that vessels not
in compliance with the ISM Code will be prohibited from trading in U.S. and European Union ports. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although the United States is not a party to these conventions, many countries have ratified and follow the liability plan adopted by the IMO and set out in the International Convention
on Civil Liability for Oil Pollution Damage of 1969. Under this convention and depending on whether the country in which the damage results is a party to the 1992 Protocol to the International
Convention on Civil Liability for Oil Pollution Damage, a vessel's registered owner is strictly liable for pollution damage caused in the territorial waters of a contracting state by discharge of
persistent oil, subject to certain complete defenses. Under an amendment to the Protocol that became effective on November&nbsp;1, 2003, for vessels of 5,000 to 140,000 gross tons (a unit of
measurement for the total enclosed spaces within a vessel), liability will be limited to approximately $6.7&nbsp;million plus $943 for each additional gross ton over 5,000. For vessels of over
140,000 gross tons, liability will be limited to approximately $134&nbsp;million. As the convention calculates liability in terms of a basket of currencies, these figures are based on currency
exchange rates on January&nbsp;8, 2007. Under the 1969 Convention, the right to limit liability is forfeited where the spill is caused by the owner's actual fault; under the 1992 Protocol, a
ship-owner cannot limit liability where the spill is caused by the owner's intentional or reckless conduct. Vessels trading to states that are parties to these conventions must provide
evidence of insurance covering the liability of the owner. In jurisdictions where the International Convention on Civil Liability for Oil Pollution Damage has not been adopted, various legislative
schemes or common law govern, and liability is imposed either on the basis of fault or in a manner similar to that convention. We believe that our P&amp;I insurance will cover the liability under the plan
adopted by the IMO.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMO regulations also require owners and operators of vessels to adopt Shipboard Oil Pollution Emergency Plans, or SOPEPs. Periodic training and drills for response personnel and for
vessels and their crews are required. In addition to SOPEPs, Tanker Management has adopted for our vessels Shipboard Marine Pollution Emergency Plans, or SMPEPs, which cover potential releases not
only of oil but of any noxious liquid substances (known as NLSs).

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>69</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=73,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=1031901,FOLIO='69',FILE='DISK134:[06NYC5.06NYC4565]CU4565A.;21',USER='NLUCCA',CD='12-JAN-2007;07:44' -->
<A NAME="page_cu4565_1_70"> </A>
<BR>

<P>


<FONT SIZE=2><B>United States Requirements

  </B></FONT>

</P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The United States regulates the tanker industry with an extensive regulatory and liability regime for environmental protection and cleanup of oil spills,
consisting primarily of the U.S. Oil Pollution Act of 1990, or OPA, and the Comprehensive Environmental Response, Compensation, and Liability Act, or
CERCLA. OPA affects all owners and operators whose vessels trade with the United States or its territories or possessions, or whose vessels operate in the waters of the United States, which include
the U.S. territorial sea and the 200 nautical mile exclusive economic zone around the United States. CERCLA applies to the discharge of hazardous substances (other than oil) whether on land or at sea.
Both OPA and CERCLA impact our operations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
OPA, vessel owners, operators and bareboat or demise charterers are "responsible parties" who are liable, without regard to fault, for all containment and clean-up
costs and other damages, including property and natural resource damages and economic loss without physical damage to property, arising from oil spills and pollution from their vessels. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In general, OPA had historically limited the liability of responsible parties to the greater of $1,200 per gross ton or $10&nbsp;million per tanker that is over 3,000 gross tons.
Federal legislation signed into law on July&nbsp;11, 2006 increased these limits to the greater of $1,900 per gross ton or $16&nbsp;million per tanker that is over 3,000&nbsp;gross tons (subject
to possible adjustment for inflation). For our vessels, the increased limits became effective on October&nbsp;9, 2006. OPA specifically permits individual states to impose their own liability
regimes with regard to oil pollution incidents occurring within their boundaries, and some states have enacted legislation providing for unlimited liability for discharge of pollutants within their
waters. In some cases, states that have enacted this type of legislation have not yet issued implementing regulations defining tanker owners' responsibilities under these laws. CERCLA, which applies
to owners and operators of vessels, contains a similar liability regime and provides for cleanup, removal and natural resource damages associated with discharges of hazardous substances (other than
oil). Liability under CERCLA is limited to the greater of $300 per gross ton or $5&nbsp;million.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
limits of liability do not apply, however, where the incident is caused by violation of applicable U.S. federal safety, construction or operating regulations, or by the responsible
party's gross negligence or willful misconduct. Similarly, these limits do not apply if the responsible party fails or refuses to report the incident or to cooperate and assist in connection with the
substance removal activities. OPA and CERCLA each preserve the right to recover damages under existing law, including maritime tort law. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPA also requires owners and operators of vessels to establish and maintain with the U.S. Coast Guard evidence of financial responsibility sufficient to meet the limit of their potential
strict liability under the act. The U.S. Coast Guard has enacted regulations requiring evidence of financial responsibility consistent with the previous limits of liability described above for OPA and
CERCLA (combined), which combined limit for tankers was increased from $1,500 per gross ton to $2,200 per gross ton effective October&nbsp;9, 2006, when the increased liability limits under OPA went
into effect (as described above). Under the regulations, evidence of financial responsibility may be demonstrated by insurance, surety bond, self-insurance, guaranty or an alternative
method subject to approval by the Director of the U.S. Coast Guard National Pollution Funds Center. Under OPA regulations, an owner or operator of more than one tanker is required to demonstrate
evidence of financial responsibility for the entire fleet in an amount equal only to the financial responsibility requirement of the tanker having the greatest maximum strict liability under OPA and
CERCLA. Tanker Management has provided the requisite guarantees and has received certificates of financial responsibility from the U.S. Coast Guard for each of our tankers required to have one.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tanker
Management has arranged insurance for each of our tankers with pollution liability insurance in the amount of $1&nbsp;billion. However, a catastrophic spill could exceed the
insurance coverage available, in which event there could be a material adverse effect on our business, on the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>70</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=74,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=885628,FOLIO='70',FILE='DISK134:[06NYC5.06NYC4565]CU4565A.;21',USER='NLUCCA',CD='12-JAN-2007;07:44' -->
<A NAME="page_cu4565_1_71"> </A>

<P><FONT SIZE=2>charterer's
business, which could impair the charterer's ability to make payments to us under our charters, and on Tanker Management's business, which could impair Tanker Management's ability to
manage our vessels. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
OPA, oil tankers as to which a contract for construction or major conversion was put in place after June&nbsp;30, 1990 are required to have double hulls. In addition, oil tankers
without double hulls will not be permitted to come to U.S. ports or trade in U.S. waters starting in 2015. All of our vessels have double hulls. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OPA
also amended the Federal Water Pollution Control Act to require owners and operators of vessels to adopt vessel response plans for reporting and responding to oil spill scenarios up
to a "worst case" scenario and to identify and ensure, through contracts or other approved means, the availability of necessary private response resources to respond to a "worst case discharge". In
addition, periodic training programs and drills for shore and response personnel and for vessels and their crews are required. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vessel
response plans for our tankers operating in the waters of the United States have been approved by the U.S. Coast Guard. In addition, the U.S. Coast Guard has announced it intends
to propose similar regulations requiring certain vessels to prepare response plans for the release of hazardous substances. Tanker Management is responsible for ensuring our vessels comply with any
additional regulations. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the U.S. Clean Water Act prohibits the discharge of oil or hazardous substances in U.S. navigable waters and imposes strict liability in the form of penalties for
unauthorized discharges. The Clean Water Act also imposes substantial liability for the costs of removal, remediation and damages and complements the remedies available under the more recent OPA and
CERCLA, discussed above. The U.S. Environmental Protection Agency (or EPA) has exempted the discharge of ballast water and other substances incidental to the normal operation of vessels in U.S. ports
from Clean Water Act permitting requirements. However, on March&nbsp;30, 2005, a U.S. District Court ruled that the EPA exceeded its authority in creating an exemption for ballast water. On
September&nbsp;18, 2006, the court issued an order invalidating the exemption in EPA's regulations for all discharges incidental to the normal operation of a vessel as of September&nbsp;30, 2008,
and directing EPA to develop a system for regulating all discharges from vessels by that date. Although the EPA has indicated that it will appeal this decision, if the exemption is repealed, we would
be subject to Clean Water Act permit requirements that could include ballast water treatment obligations that could increase the cost of operating in the United States. For example, this could require
the installation of equipment on our vessels to treat ballast water before it is discharged or the implementation of other port facility disposal




arrangements or procedures at potentially substantial cost, and/or otherwise restrict our vessels from entering U.S. waters.

</FONT></P>

<P><FONT SIZE=2><B>European Union Tanker Restrictions  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In July&nbsp;2003, in response to the </FONT><FONT SIZE=2><I>Prestige</I></FONT><FONT SIZE=2> oil spill in November&nbsp;2002, the European Union adopted
legislation that prohibits all single hull tankers used for the transport of oil from entering into its ports or offshore terminals starting in 2010. The European Union, following the lead of certain
European Union nations such as Italy and Spain, has also banned all single hull tankers carrying heavy grades of oil from entering or leaving its ports or offshore terminals or anchoring in areas
under its jurisdiction. Commencing in April&nbsp;2005, certain single hull tankers above 15&nbsp;years of age are also restricted from entering or leaving European Union ports or offshore
terminals and anchoring in areas under European Union jurisdiction. All of our tankers are double hulled. The European Union has also adopted legislation that: (1)&nbsp;bans manifestly
sub-standard vessels (defined as those over 15&nbsp;years old that have been detained by port authorities at least twice in a six month period) from European waters, creates an
obligation of port states to inspect at least 25% of vessels using these ports annually and

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>71</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=75,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=184742,FOLIO='71',FILE='DISK134:[06NYC5.06NYC4565]CU4565A.;21',USER='NLUCCA',CD='12-JAN-2007;07:44' -->
<A NAME="page_cu4565_1_72"> </A>
<BR>

<P><FONT SIZE=2>


provides for increased surveillance of vessels posing a high risk to maritime safety or the marine environment and (2)&nbsp;provides the European Union with greater authority and control over
classification societies (private organizations that, among other things, inspect and monitor ships and assess whether ships meet required technical standards), including the ability to seek to
suspend or revoke the authority of negligent societies. In addition, the European Union is considering the adoption of criminal sanctions for certain pollution events, such as the unauthorized
discharge of tank washings. Certain member states of the European Union, by virtue of their national legislation, already impose criminal sanctions for pollution events under certain circumstances. It
is impossible to predict what additional legislation or regulations, if any, may be promulgated by the European Union or any other country or authority.

</FONT></P>

<P><FONT SIZE=2><B>Vessel Security Regulations  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of July&nbsp;1, 2004, all ships involved in international commerce and the port facilities that interface with those ships must comply with the new
International Code for the Security of Ships and of Port Facilities, or ISPS Code. The ISPS Code, which was adopted by the IMO in December&nbsp;2002, provides a set of measures and procedures to
prevent acts of terrorism, which threaten the security of passengers and crew and the safety of ships and port facilities. All of our ships have obtained an International Ship Security Certificate, or
ISSC, from a recognized security organization approved by the vessels flag state and each vessel has developed and implemented an approved Ship Security Plan. </FONT></P>

<P><FONT SIZE=2><B>Legal Proceedings  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The nature of our business, which involves the acquisition, chartering and ownership of our vessels, exposes us to the risk of lawsuits for damages or penalties
relating to, among other things, personal injury, property casualty and environmental contamination. Under rules related to maritime proceedings, certain claimants may be entitled to attach charter
hire payable to us in certain circumstances. There are no actions or claims pending against us as of the date of this prospectus. </FONT></P>


<P><FONT SIZE=2><B>Offices  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our principal executive offices are located at 26 New Street, St. Helier, Jersey JE23RA, the Channel Islands. Our telephone number is +44 (0)&nbsp;1534 639759. </FONT></P>

<P><FONT SIZE=2><B>Employees  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of September&nbsp;30, 2006, we had two employees. We are considering whether to hire an additional employee to take on responsibilities relating to business
development.

 </FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>72</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=76,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=809450,FOLIO='72',FILE='DISK134:[06NYC5.06NYC4565]CU4565A.;21',USER='NLUCCA',CD='12-JAN-2007;07:44' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_cw4565_1_73"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cw4565_our_credit_facility"> </A>
<A NAME="toc_cw4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>OUR CREDIT FACILITY    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following summary of the material terms of our secured credit facility does not purport to be complete and is subject to, and qualified in its entirety by
reference to, all the provisions of the Secured Loan Facility Agreement. Because the following is only a summary, it does not contain all information that you may find useful. For more complete
information, you should read the entire Secured Loan Facility Agreement filed as an exhibit to the registration statement of which this prospectus forms a part. </FONT></P>

<P><FONT SIZE=2><B>General  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;18, 2005, we entered into a $401&nbsp;million secured credit facility with The Royal Bank of Scotland for a term of ten years, with no
principal amortization for the first five years. The credit facility consists of a $236&nbsp;million term loan, a $150&nbsp;million vessel acquisition facility and a $15&nbsp;million working
capital facility. We are the borrower under the credit facility and each of our seven vessels owning subsidiaries have guaranteed our performance thereunder. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
borrowed the entire amount available under the term loan upon the completion of our IPO to fund a portion of the purchase price for the seven vessels that we acquired from OSG.
Subject to the satisfaction of the conditions to draw down described below, we will be permitted to borrow up to the full amounts of the vessel acquisition facility and the working capital facility
for a period of five years from the closing of the credit facility. Commencing on the fifth anniversary of the closing of the credit facility, amounts that we are able to borrow under both facilities
will be reduced as set forth below. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowings
under the term loan and the working capital facility bear interest at an annual rate of LIBOR plus a margin of 0.70%. Borrowings under the vessel acquisition portion of the
credit facility bear interest at an annual rate of LIBOR plus a margin of 0.85%. To reduce our exposure to fluctuations in interest rates, we entered an interest rate swap on October&nbsp;18, 2005
pursuant to which we fixed the interest rate for five years on the full amount of our term loan at 5.60%. We were required to pay a $1.5&nbsp;million fee in connection with the arrangement of our
credit facility (which we funded with a portion of the net proceeds from the IPO) and a commitment fee of 0.3% per annum, which will be payable quarterly in arrears, on the undrawn portion of the
facility. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
ability to borrow under the vessel acquisition facility, in each case, will be subject to the target vessel being a double hull tanker that is at least 45,000 dwt and no more than
fifteen years old at the maturity of the facility. Our ability to borrow under the vessel acquisition facility will be subject to all of our borrowings under the credit facility not exceeding 65% of
the charter-free market value of the vessels that secure our obligations under the credit facility, calculated as though we had completed the subject transaction. In addition, we will need
our lender's approval of the vessel acquisition. Our lender's approval of the vessel acquisition will be in its sole discretion, taking into account such factors as the vessel's ability to generate
earnings that are sufficient to fund principal payments as they become due and our ability to raise additional capital through equity issuances in amounts acceptable to our lender. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will be required to repay the term loan commencing three months after the fifth anniversary of the facility closing date in twenty quarterly installments of $6,062,500 and a final
repayment of $114,750,000 occurring simultaneously with the last quarterly repayment. In addition, the vessel acquisition facility will reduce (with any excess borrowing becoming repayable at the time
of reduction) quarterly commencing three months after the fifth anniversary of the facility closing date in increments of $7.5&nbsp;million. The working capital facility will also reduce (with any
excess borrowing becoming repayable at the time of reduction) commencing three months after the fifth anniversary of the facility closing date in twenty quarterly installments of $750,000. We may
voluntarily reduce undrawn amounts under the facility from time to time in minimum amounts of $1.0&nbsp;million. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>73</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=77,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=493975,FOLIO='73',FILE='DISK134:[06NYC5.06NYC4565]CW4565A.;18',USER='RBURCH',CD='12-JAN-2007;00:15' -->
<A NAME="page_cw4565_1_74"> </A>
<BR>

<P><FONT SIZE=2><B>Security  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The credit facility provides that the borrowings thereunder are secured by the following: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>a
first priority mortgage on each of the vessels we have agreed to purchase and any additional vessels that we acquire;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>an
assignment of charter hire guarantees and earnings from, and insurances on, each of the vessels we have agreed to purchase and any additional vessels that we acquire;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>a
pledge of the balances in our bank accounts which we have agreed to keep with The Royal Bank of Scotland plc; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>an
unconditional and irrevocable guarantee by each of our seven vessel owning subsidiaries. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
facility agreement provides that in the event of either the sale or total loss of a vessel, we must prepay an amount under the credit facility proportionate to the market value of
the sold or lost vessel compared with the total market value of all of our vessels before such sale or loss together with accrued interest on the amount prepaid and, if such prepayment occurs on a
date other than an interest payment date, any interest breakage costs. </FONT></P>

<P><FONT SIZE=2><B>Covenants  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The facility agreement contains restrictive covenants that prohibit us and each of our subsidiaries from, among other things: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>incurring
additional indebtedness without the prior consent of the lenders;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>permitting
liens on assets;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>merging
or consolidating with other entities or transferring all or substantially all of our assets to another person;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>paying
dividends if the charter-free market value of our vessels that secure our obligations under the credit facility is less than 135% of our borrowings under
the credit facility plus the actual or notional cost of terminating any interest rates swaps that we enter, if there is a continuing default under the credit facility or if the payment of the dividend
would result in a default or breach of a loan covenant;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>changing
the technical manager of our vessels without the prior consent of the lenders;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>making
certain loans, advances or investments;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>entering
into certain material transactions with affiliated parties;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>entering
into certain types of charters, including bareboat charters and time charters or consecutive voyage charters of greater than 13&nbsp;months (excluding our
charters with OSG's subsidiaries);
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>de-activating
any of our vessels or allowing work to be done on any vessel in an aggregate amount greater than $2.0&nbsp;million without first obtaining a lien
waiver;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>making
non-ordinary course acquisitions or entering into a new line of business or establishing a place of business in the United States or any of its
territories;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>selling
or otherwise disposing of a vessel or other assets or assigning or transferring any rights or obligations under our charters and our ship management agreements. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
facility agreement also contains a financial covenant requiring that at all times the charter-free market value of our vessels that secure our obligations under the
credit facility be no less than 120% of </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>74</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=78,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=414368,FOLIO='74',FILE='DISK134:[06NYC5.06NYC4565]CW4565A.;18',USER='RBURCH',CD='12-JAN-2007;00:15' -->
<A NAME="page_cw4565_1_75"> </A>
<BR>

<P><FONT SIZE=2>our
borrowings under the credit facility plus the actual or notional cost of terminating any of our interest rates swaps. In the event that the aggregate charter-free market value of the
vessels that secure our obligations under the credit facility is less 120% of our borrowings under the credit facility plus the actual or notional cost of terminating any of our interest rates swaps,
the difference shall be recovered by pledge of additional security acceptable to the lenders or by a prepayment of the amount outstanding at the option of the borrowers. </FONT></P>


<P><FONT SIZE=2><B>Events of Default  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the following events with respect to us or any of our subsidiaries, in some cases after the passage of time or notice or both, is an event of default
under the facility agreement: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>non-payment
of amounts due under the credit facility;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>breach
of our covenants;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>misrepresentation;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>cross-defaults
to other indebtedness in excess of $2.0&nbsp;million;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>materially
adverse judgments or orders;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>event
of insolvency or bankruptcy;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>acceleration
of any material amounts that us or any of our subsidiaries is obligated to pay;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>breach
of a time charter or a charter hire guaranty in connection with any of our vessels;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>default
under any collateral documentation or any swap transaction;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>cessation
of operations;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>unlawfulness
or repudiation;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>if,
in the reasonable determination of the lender, it becomes impossible or unlawful for us or any of our subsidiaries to comply with our obligations under the loan
documents; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>if
any event occurs that, in the reasonable opinion of the lender, has a material adverse effect on our and our subsidiaries' operations, assets or business, taken as a
whole. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
facility agreement provides that upon the occurrence of an event of default, the lenders may require that all amounts outstanding under the credit facility be repaid immediately and
terminate our ability to borrow under the credit facility and foreclose on the mortgages over the vessels and the related collateral. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>75</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=79,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=514995,FOLIO='75',FILE='DISK134:[06NYC5.06NYC4565]CW4565A.;18',USER='RBURCH',CD='12-JAN-2007;00:15' -->
<A NAME="page_cw4565_1_76"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cw4565_management"> </A>
<A NAME="toc_cw4565_2"> </A>
<BR></FONT><FONT SIZE=2><B>MANAGEMENT    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth information regarding our executive officers and directors. Our board of directors is elected annually on a staggered basis, and
each director elected holds office for a three-year term. Each of our directors was elected in July&nbsp;2005, and Rolf Wikborg was reelected as our Class&nbsp;III director at our
annual stockholders meeting on June&nbsp;22, 2006. All of our current directors are independent. </FONT></P>




<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="71%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="45%" ALIGN="LEFT"><FONT SIZE=1><B>Name<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="5%" ALIGN="CENTER"><FONT SIZE=1><B>Age</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="45%" ALIGN="CENTER"><FONT SIZE=1><B>Position</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>Erik Lind</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>51</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Class I Director and Chairman</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>Randee Day</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>58</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Class II Director</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>Rolf Wikborg</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>48</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Class III Director</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>Ole Jacob Diesen</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>59</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Chief Executive Officer</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>Eirik Ub&oslash;e</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>45</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>Chief Financial Officer</FONT></TD>
</TR>
</TABLE></DIV>

<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
term of our Class&nbsp;I director expires in 2008, the term of our Class&nbsp;II director expires in 2007 and the term of our Class&nbsp;III director expires in 2009. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Set
forth below is a brief description of the business experience of our directors and executive officers. </FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Erik Lind&#151;Chairman of the Board.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Erik Lind has been chief executive of Tufton Oceanic Finance Group
(TOFG), a London-based investment banking firm focused on the shipping and oil related industries, and Managing Director of Tufton Oceanic&nbsp;Ltd., its U.K. subsidiary, since 2004. Mr.&nbsp;Lind
has more than 25&nbsp;years experience in corporate banking, global shipping and specialized and structured asset financing. From 1995 to 2001, Mr.&nbsp;Lind served as Executive Vice President and
a member of the Executive Management Committee at IM Skaugen ASA, a Norwegian public bulk shipping and logistics company engaged in the transportation of petrochemical gases, LPG and organic chemicals
as well as crude oil lightering, in various financial management, operational and corporate and business development roles. Mr.&nbsp;Lind has also held senior and executive positions with
Manufacturers Hanover Trust Company, Oslobanken and GATX Capital. He has been actively involved in corporate recapitalization, financial restructurings, acquisitions, structured finance and joint
venture investments. In addition to his positions within TOFG. Mr.&nbsp;Lind currently serves on the boards of Frilin AS, a Norwegian private investment company, and Christiania Capital Partners, a
private financial
advisory and consulting firm based in Norway. Mr.&nbsp;Lind is a resident of the United Kingdom and a citizen of Norway. </FONT></P>

<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Randee Day&#151;Director.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Ms.&nbsp;Randee Day has been a Managing Director at Seabury Transportation Holdings LLC, a
leading advisory and consulting firm specializing in the transportation industry, since 2004 and is responsible for all of Seabury's activities related to the maritime industry. Ms.&nbsp;Day has
more than 25&nbsp;years of specialized international financial experience in the marine and energy sectors. From 1985 to 2004, Ms.&nbsp;Day was president and chief executive officer of
Day&nbsp;&amp; Partners,&nbsp;Inc., a financial advisory and consulting firm focused on the maritime, energy and cruise industries with a diversified client base consisting of shipping companies,
commercial banks and government agencies. Ms.&nbsp;Day has an extensive background in international trust and maritime law and has worked with clients on bankruptcies, foreign judgments and
strategies for disposing of real estate and shipping assets in various international jurisdictions. Ms.&nbsp;Day has served as an independent director and audit committee chair of TBS
International&nbsp;Ltd., a Bermuda based operator of one of the world's largest controlled fleets of multipurpose tweendeck bulk carriers, since 2001. From 1979 to 1985, Ms.&nbsp;Day served as the
head of J.P. Morgan's Marine Transportation and Finance department in New York, where she was responsible for managing a $1&nbsp;billion loan portfolio and overseeing relationships with the bank's
shipping clients in the Western Hemisphere and the Far East. She also served in the London

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>76</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=80,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=150879,FOLIO='76',FILE='DISK134:[06NYC5.06NYC4565]CW4565A.;18',USER='RBURCH',CD='12-JAN-2007;00:15' -->
<A NAME="page_cw4565_1_77"> </A>
<BR>

<P><FONT SIZE=2>


offices of J.P. Morgan, Continental Illinois National Bank&nbsp;&amp; Trust and Bank of America. Ms.&nbsp;Day is a resident and citizen of the United States.

 </FONT></P>

<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rolf A. Wikborg&#151;Director.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Wikborg is Managing Director of AMA Norway A/S and a Director of AMA Capital
Partners in New York, a maritime merchant banking group involved in mergers and acquisitions, restructurings and financial engineering in the shipping, offshore and cruise sector. Mr.&nbsp;Wikborg
has extensive experience arranging operating and financial leases for operators in the maritime field and recently has been active arranging mergers and acquisitions. Prior to founding the AMA group
in New York in 1987, Mr.&nbsp;Wikborg was a Managing Director at Fearnleys, Mexico, for two years after having worked in the Project Department of Fearnleys, an Oslo based ship-broker.
Mr.&nbsp;Wikborg holds a Bachelor of Science in Management Sciences from the University of Manchester, England. Mr.&nbsp;Wikborg is an officer in the Royal Norwegian Navy and is a citizen and
resident of Norway.

 </FONT>

</P>

<P>


<FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ole Jacob Diesen&#151;Chief Executive Officer.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Ole Jacob Diesen has been an independent corporate and
financial management consultant since 1997, serving a diverse group of clients primarily in the tanker industry. Mr.&nbsp;Diesen has advised on a broad range of shipping transactions, including
mergers and acquisitions, corporate reorganizations, joint ventures, asset sales, equity, debt and lease financings and vessel charters, pooling and technical management agreements.
Mr.&nbsp;Diesen's career in shipping and shipping finance spans over 30&nbsp;years. From 1991 to 1997, Mr.&nbsp;Diesen served as Managing Director of Skaugen PetroTrans ASA, a Norwegian public
company that was listed on the Oslo Stock Exchange. Skaugen PetroTrans is an established crude oil lightering company in the U.S. Gulf and operator of a fleet of medium sized tankers. From 1984 to
1991, Mr.&nbsp;Diesen headed Fearnley Group (UK)&nbsp;Ltd., a privately held corporate finance advisory firm specializing in the maritime and oil






industries. Prior to this, Mr.&nbsp;Diesen served for ten years with Manufacturers Hanover Trust, a predecessor to JPMorgan Chase, in positions including Vice President and Deputy Regional Manager,
where he was responsible for the bank's portfolios of shipping and Scandinavian corporate credits, after having spent two years as a tanker chartering broker. Mr.&nbsp;Diesen currently serves on a
number of boards including PetroTrans Holdings&nbsp;Ltd., Bermuda, the largest independently owned U.S. Gulf lightering business; I.M. Skaugen Marine Services Pte.&nbsp;Ltd., Singapore, an owner
of LPG/ethylene carriers; Leif H&ouml;egh (UK)&nbsp;Ltd., a U.K. owner of car carriers and LNG vessels; Dole (UK)&nbsp;Ltd., a U.K. owner of reefer vessels; and FSN Capital
Holding&nbsp;Ltd., Jersey, a private equity firm. Mr.&nbsp;Diesen is a citizen of Norway.

</FONT></P>

<P><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eirik Ub&oslash;e&#151;Chief Financial Officer.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Ub&oslash;e has been involved in international
accounting and finance for approximately 20&nbsp;years, which includes time spent in ship finance and as the chief financial officer for companies listed on the Oslo Stock Exchange. From
March&nbsp;2002 through December&nbsp;2004, Mr.&nbsp;Ub&oslash;e served as the chief executive and chief financial officer of Nutri Pharma ASA, an international health care company listed
on the Oslo Stock Exchange. From 1997 through 2002, Mr.&nbsp;Ub&oslash;e worked in various positions at the Schibsted Group, the largest Norwegian media group with newspaper, television and
online interests in Scandinavia, the Baltics, Switzerland, France and Spain, including as the finance director of the Schibsted Group and as chief financial officer of Schibsted's newspaper initiative
in Switzerland, France and Spain. Mr.&nbsp;Ub&oslash;e has also served as a vice president in the corporate finance and ship finance departments of various predecessors to JPMorgan Chase both
in New York and Oslo for a total of eight years. Mr.&nbsp;Ub&oslash;e holds an MBA from the University of Michigan's Ross School of Business and a Bachelor in Business Administration from the
University of Oregon. Mr.&nbsp;Ub&oslash;e is a citizen of Norway. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>77</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=81,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=1040455,FOLIO='77',FILE='DISK134:[06NYC5.06NYC4565]CW4565A.;18',USER='RBURCH',CD='12-JAN-2007;00:15' -->
<A NAME="page_cw4565_1_78"> </A>
<BR>

<P><FONT SIZE=2><B>Board of Directors  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our business and affairs are managed under the direction of our board of directors. The board is currently composed of three directors, all of whom are
independent under the applicable rules of the New York Stock Exchange. </FONT></P>

<P><FONT SIZE=2><B>Board Committees  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our board of directors, which is entirely composed of independent directors under the applicable rules of the New York Stock Exchange, will perform the functions
of our audit committee, compensation committee and nominating and corporate governance committee. In its function as our audit committee, the board is responsible for reviewing our accounting controls
and for the engagement of
our outside auditors. Ms.&nbsp;Day is our "audit committee financial expert" as that term is defined in Item 401(h) of Regulation&nbsp;S-K. </FONT></P>

<P><FONT SIZE=2><B>Directors Compensation  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each member of our board of directors is currently paid an annual fee of $42,500, plus reimbursement for expenses incurred in the performance of duties as members
of our board of directors. We pay our chairman an additional $12,500 per year to compensate him for the extra duties incident to that office. We pay the head of our audit committee an additional
$8,750 per year and an additional $3,750 per year to each of the other members of the audit committee. We pay the heads of our compensation committee and nominating and corporate governance committee
an additional $5,000 each per year. We pay each director $1,250 for each board meeting attended. In May&nbsp;2006, we awarded each of our directors 1,000 shares of restricted stock. These shares of
restricted stock vested and were issued on October&nbsp;18, 2006. On November&nbsp;8, 2006 each member of our board of directors were awarded 3,614 shares of restricted stock of which 2,614 vest
in three equal amounts in May&nbsp;2007, May&nbsp;2008 and May&nbsp;2009, subject to each member of our board of directors remaining a member of our board of directors and certain performance
hurdles being met. The remaining 1,000 shares of restricted stock each vest in three equal amounts in May&nbsp;2007, May&nbsp;2008 and May&nbsp;2009, subject to each member of our board of
directors remaining a member of our board of directors. During the vesting period of the shares of restricted stock awarded to our directors on November&nbsp;8, 2006, each director will be credited
with an additional number of shares of restricted stock in an amount equal to the value of the dividends that would have been paid on the awarded shares had the shares vested on the date of the award.
These additional shares will be transferred to each director as the shares vest.

 </FONT>

</P>

<P><FONT SIZE=2><B>Executive Compensation, Employment Agreements  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our chief executive officer, Mr.&nbsp;Ole Jacob Diesen, receives an annual salary of $400,000, which includes benefits. Our chief financial officer,
Mr.&nbsp;Eirik Ub&oslash;e receives an annual salary of NOK 1,625,000, which includes benefits. In addition, each is reimbursed for expenses incurred in the performance of their duties as our
executive officers and receives the equity based compensation described below.

 </FONT>

</P>

<P><FONT SIZE=2><B><I>Executive Officer Employment Agreements  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have entered into employment agreements with Mr.&nbsp;Diesen and Mr.&nbsp;Ub&oslash;e that set forth their rights and obligations as our chief
executive officer and chief financial officer, respectively. The employment agreements are substantially similar. The agreements have an initial term of three years and are extendable at our option
with six months advance notice prior to the expiration of their initial term. Either the executive or we may terminate the employment agreements for any reason and at any time. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>78</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=82,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=215924,FOLIO='78',FILE='DISK134:[06NYC5.06NYC4565]CW4565A.;18',USER='RBURCH',CD='12-JAN-2007;00:15' -->
<A NAME="page_cw4565_1_79"> </A>
<BR>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the employment agreements, Mr.&nbsp;Diesen receives a base salary per year in the amount of $400,000 and Mr.&nbsp;Ub&oslash;e receives a base salary per year in the
amount of NOK 1,625,000. In addition, in connection with the IPO, both Mr.&nbsp;Diesen and Mr.&nbsp;Ub&oslash;e received a combination of stock options and restricted stock that had a grant
date value of $75,000 split equally between stock options and restricted stock. Each executive is also eligible for additional grants under our 2005 Incentive Compensation Plan, as determined by the
compensation committee of our board of directors. On November&nbsp;8, 2006, Mr.&nbsp;Diesen and Mr.&nbsp;Ub&oslash;e were awarded 14,457 and 9,939 shares of restricted stock, respectively,
of which 11,332 and 6,814, respectively, vest in three equal amounts in May&nbsp;2007, May&nbsp;2008 and May&nbsp;2009, subject to continued employment with DHT and certain performance hurdles
being met. The remaining 3,125 shares of restricted stock each vest in three equal amounts in May&nbsp;2007, May&nbsp;2008 and May&nbsp;2009, subject to continued employment with DHT. During the
vesting period of the shares of restricted stock awarded to Mr.&nbsp;Diesen and Mr.&nbsp;Ub&oslash;e on November&nbsp;8, 2006, Mr.&nbsp;Diesen and Mr.&nbsp;Ub&oslash;e will each be
credited with an additional number of shares of restricted stock in an amount equal to the value of the dividends that would have been paid on the awarded shares had the shares vested on the date of
the award. These additional shares will be transferred to Mr.&nbsp;Diesen and Mr.&nbsp;Ub&oslash;e as the shares vest.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event that (i)&nbsp;we terminate either executive's employment without cause (as such term is defined in the employment agreement), (ii)&nbsp;elect not to extend the initial
term of either executive's employment agreement without cause (as such term is defined in the employment agreement) or (iii)&nbsp;either executive terminates his employment for good reason (as such
term is defined in the employment agreement) within one year following a change of control, then we will continue to pay such executive's salary through the later of (1)&nbsp;the third anniversary
of the commencement of the employment agreement or (2)&nbsp;the first anniversary of the date of notice of termination (also, if the executive loses his position for good reason within six months
following a change of control, the executive may under certain circumstances be entitled to payment in lieu of any other cash payments equal to twice the executive's annual base salary and any
unvested equity wards will become fully vested). In addition, in the event an executive is terminated without cause pursuant to clause&nbsp;(i) above, all of his equity based compensation, including
initial grants, will immediately vest and become exercisable. If an executive's employment is terminated due to death or disability, we will continue to pay his salary through the first anniversary of
such date of termination. In the event that an executive's employment is terminated for cause, we are only obligated to pay his salary and unreimbursed expenses through the termination date.

</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the employment agreements, each of Mr.&nbsp;Diesen and Mr.&nbsp;Ub&oslash;e have agreed to protect our confidential information. They have also agreed during the
term of the agreements and for a period of one year following his termination, not to (i)&nbsp;engage in any business in any location that is involved in the voyage chartering or time chartering of
crude oil tankers, (ii)&nbsp;solicit any business from a person that is a customer or client of ours or any of our affiliates, (iii)&nbsp;interfere with or damage any relationship between us or
any of our affiliates and any employee, customer, client, vendor or supplier or (iv)&nbsp;form, or acquire a two percent or greater equity ownership, voting or profit participation in, any of our
competitors. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have also entered into an indemnification agreement with each of Mr.&nbsp;Diesen and Mr.&nbsp;Ub&oslash;e pursuant to which we have agreed to indemnify them substantially in
accordance with the indemnification provisions related to our officers and directors in our bylaws. </FONT></P>

<P><FONT SIZE=2><B><I>Stock Plan  </I></B></FONT></P>


<P><FONT SIZE=2><B><I>2005 Incentive Compensation Plan  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We established the 2005 Incentive Compensation Plan, which we call the Plan, prior to the consummation of our IPO for the initial benefit of our directors and
officers (including prospective </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>79</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=83,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=1030533,FOLIO='79',FILE='DISK134:[06NYC5.06NYC4565]CW4565A.;18',USER='RBURCH',CD='12-JAN-2007;00:15' -->
<A NAME="page_cw4565_1_80"> </A>
<BR>

<P><FONT SIZE=2>directors
and officers). The following description of the Plan is qualified by reference to the full text thereof, a copy of which is filed as an exhibit to the registration statement of which this
prospectus forms a part. </FONT></P>

<P><FONT SIZE=2><I>Awards  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan provides for the grant of options intended to qualify as incentive stock options, or ISOs, under Section&nbsp;422 of the Internal Revenue Code of 1986,
as amended and non-statutory stock options, or NSOs, restricted stock awards, restricted stock units, or RSUs, cash incentive awards and other equity-based or equity-related awards. </FONT></P>

<P><FONT SIZE=2><I>Plan administration  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan will be administered by the compensation committee of our board of directors or such other committee as our board may designate to administer the plan.
Initially, our entire board will perform the functions of the compensation committee and will administer the Plan. Subject to the terms of the plan and applicable law, the compensation committee has
sole and plenary authority to administer the Plan, including, but not limited to, the authority to (i)&nbsp;designate Plan participants, (ii)&nbsp;determine the type or types of awards to be
granted to a participant, (iii)&nbsp;determine the number of shares of our common stock to be covered by awards, (iv)&nbsp;determine the terms and conditions of any awards, including vesting
schedules and performance criteria, (v)&nbsp;amend or replace an outstanding award and (vi)&nbsp;make any other determination and take any other action that the compensation committee deems
necessary or desirable for the administration of the Plan. </FONT></P>


<P><FONT SIZE=2><I>Shares available for awards  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to adjustment as provided below, the aggregate number of shares of our common stock that may be delivered pursuant to awards granted under the Plan is
300,000, of which the maximum number of shares that may be delivered pursuant to ISOs granted under the Plan is 150,000. The maximum number of shares of our common stock with respect to which awards
may be granted to any participant in the Plan in any fiscal year is 75,000. If an award granted under the Plan is forfeited, or otherwise expires, terminates or is canceled without the delivery of
shares, then the shares covered by such award will again be available to be delivered pursuant to awards under the Plan. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event of any corporate event affecting the shares of our common stock, the compensation committee in its discretion may make such adjustments and other substitutions to the Plan
and awards under the Plan as it deems equitable or desirable in its sole discretion. </FONT></P>

<P><FONT SIZE=2><I>Stock options  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The compensation committee may grant both ISOs and NSOs under the Plan. Except as otherwise determined by the compensation committee in an award agreement, the
exercise price for options cannot be less than the fair market value (as defined in the Plan) of our common stock on the date of grant. In the case of ISOs granted to an employee who, at the time of
the grant of an option, owns stock representing more than 10% of the voting power of all classes or our stock or the stock of any of our affiliates, the exercise price cannot be less than 110% of the
fair market value of a share of our common stock on the date of grant. All options granted under the Plan will be NSOs unless the applicable award agreement expressly states that the option is
intended to be an ISO. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to any applicable award agreement, options shall vest and become exercisable on each of the first three anniversaries of the date of grant. The term of each option will be
determined by the compensation committee; provided that no option will be exercisable after the tenth anniversary of the date the option is granted. The exercise price may be paid with cash (or its
equivalent) or by other methods as permitted by the compensation committee. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>80</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=84,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=970483,FOLIO='80',FILE='DISK134:[06NYC5.06NYC4565]CW4565A.;18',USER='RBURCH',CD='12-JAN-2007;00:15' -->
<A NAME="page_cw4565_1_81"> </A>

<P><FONT SIZE=2><I>Restricted shares and restricted stock units  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted shares and RSUs may not be sold, assigned, transferred, pledged or otherwise encumbered except as provided in the Plan or the applicable award
agreement; provided, however, that the compensation committee may determine that restricted shares and RSUs may be transferred by the participant. Upon the grant of a restricted share, certificates
will be issued and registered in the name of the participant and deposited by the participant, together with a stock power endorsed in blank, with us or a custodian designated by the compensation
committee or us. Upon lapse of the restrictions applicable to such restricted shares, we or the custodian, as applicable, will deliver such certificates to the participant or his or her legal
representative. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
RSU will have a value equal to the fair market value of a share of our common stock. RSUs may be paid in cash, shares of our common stock, other securities, other awards or other
property, as determined by the committee, upon the lapse of restrictions applicable to such RSU or in accordance with the applicable award agreement. The committee may provide a participant who holds
restricted shares or RSUs with dividends or dividend equivalents payable in cash, shares of our common stock or other property. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
compensation committee may provide a participant who holds restricted shares with dividends or dividend equivalents, payable in cash, shares of our common stock or other property. </FONT></P>


<P><FONT SIZE=2><I>Cash incentive awards  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the provisions of the Plan, the compensation committee may grant cash incentive awards payable upon the attainment of one or more individual, business
or other performance goals or similar criteria. </FONT></P>

<P><FONT SIZE=2><I>Other stock-based awards  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the provisions of the Plan, the compensation committee may grant to participants other equity-based or equity-related awards. The compensation
committee may determine the amounts and terms and conditions of any such awards provided that they comply with applicable laws. </FONT></P>


<P><FONT SIZE=2><I>Amendment and termination of the plan  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to any government regulation and to the rules of the New York Stock Exchange or any successor exchange or quotation system on which shares of our common
stock may be listed or quoted, the Plan may be amended, modified or terminated by our board of directors without the approval of our stockholders except that stockholder approval shall be required for
any amendment that would (i)&nbsp;increase the maximum number of shares of our common stock available for awards under the Plan or increase the maximum number of shares of our common stock that may
be delivered pursuant to ISOs granted under the Plan or (ii)&nbsp;modify the requirements for participation under the Plan. No modification, amendment or termination of the Plan that is adverse to a
participant will be effective without the consent of the affected participant, unless otherwise provided by the compensation committee in the applicable award agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
compensation committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate any award previously granted, prospectively
or retroactively; provided, however, that, unless otherwise provided by the compensation committee in the applicable award agreement, any such waiver, amendment, alteration, suspension,
discontinuance, cancellation or termination that would materially and adversely impair the rights of any participant to any award previously granted will not to that extent be effective without the
consent of the affected participant. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>81</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=85,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=7248,FOLIO='81',FILE='DISK134:[06NYC5.06NYC4565]CW4565A.;18',USER='RBURCH',CD='12-JAN-2007;00:15' -->
<A NAME="page_cw4565_1_82"> </A>
<BR>

<P><FONT SIZE=2><I>Change of control  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Plan provides that, unless otherwise provided in an award agreement, in the event we experience a change of control, unless provision is made in connection
with the change of control for assumption for, or substitution of, awards previously granted: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>any
options outstanding as of the date the change of control is determined to have occurred will become fully exercisable and vested, as of immediately prior to the change
of control;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>all
cash incentive awards will be paid out as if the date of the change of control were the last day of the applicable performance period and "target" performance levels had
been attained; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>all
other outstanding awards will automatically be deemed exercisable or vested and all restrictions and forfeiture provisions related thereto will lapse as of immediately
prior to such change of control. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
otherwise provided pursuant to an award agreement, a change of control is defined to mean any of the following events, generally: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
consummation of a merger, reorganization or consolidation or sale or other disposition of all or substantially all of our assets;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
approval by our stockholders of a plan of our complete liquidation or dissolution; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>an
acquisition by any individual, entity or group of beneficial ownership of 50% or more of either the then outstanding shares of our common stock or the combined voting
power of our then outstanding voting securities entitled to vote generally in the election of directors. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2><I>Term of the plan  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No award may be granted under the Plan after June&nbsp;7, 2015, the tenth anniversary of the date the Plan was approved by our stockholders. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>82</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=10,SEQ=86,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=158470,FOLIO='82',FILE='DISK134:[06NYC5.06NYC4565]CW4565A.;18',USER='RBURCH',CD='12-JAN-2007;00:15' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_cy4565_1_83"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cy4565_principal_and_selling_stockholders"> </A>
<A NAME="toc_cy4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>PRINCIPAL AND SELLING STOCKHOLDERS    <BR>    </B></FONT></P>

<P><FONT SIZE=2><B>Principal Stockholders  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth certain information regarding (i)&nbsp;the owners of more than 5% of our common stock that we are aware of, including the selling
stockholder, and (ii)&nbsp;the total amount of common stock owned by all of our officers and directors, individually and as a group. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although
the selling stockholder may offer for sale from time to time all or a portion of the shares pursuant to this prospectus, or an amendment or supplement thereto, the tabular
information below assumes that all of the shares registered will be offered and sold by the selling stockholder. In addition, the selling stockholder may have sold, transferred or otherwise disposed
of all or a portion of its shares since the date on which it provided us with information regarding its shares in transactions exempt from the registration requirements of the Securities Act.
Information concerning the selling stockholder may change from time to time and, to the extent required, will be set forth in supplements or amendments to this prospectus. </FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="92%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="37%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Shares of<BR>
Common Stock<BR>
Prior to the Offering</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Shares of<BR>
Common Stock<BR>
Following the Offering</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="37%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Shares of<BR>
Common Stock<BR>
Offered Hereby</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="37%" ROWSPAN=2 ALIGN="LEFT"><FONT SIZE=1><B>Name<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Number of<BR>
Shares</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Number of<BR>
Shares</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>Percent</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=1><B>Number of Shares</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>Percent</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="37%"><FONT SIZE=2><B>Persons owning more than 5% of a class of our equity securities</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="37%"><FONT SIZE=2>OSG International, Inc.(1)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>13,351,500</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>44.50</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>4,600,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>8,751,500</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>29.17</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="37%"><FONT SIZE=2>Perry Corp.(2)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,796,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>5.99</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,796,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>5.99</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="37%"><FONT SIZE=2><B>Directors</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="37%"><FONT SIZE=2>Erik Lind(3)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="37%"><FONT SIZE=2>Randee Day(3)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="37%"><FONT SIZE=2>Rolf Wikborg(3)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="37%"><FONT SIZE=2><B>Executive Officers</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="37%"><FONT SIZE=2>Ole Jacob Diesen(4)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>14,700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>14,700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="37%"><FONT SIZE=2>Eirik Ub&oslash;e(5)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>14,700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>14,700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="37%"><FONT SIZE=2>Directors and executive officers as a group (five persons)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>32,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>0</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>32,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD><FONT SIZE=2>Less
than 1%

<BR><BR></FONT></DD>

<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>The
principal address of OSG International,&nbsp;Inc. is Trust Company Complex, Ajeltake Island, Ajeltake Road, Majuro, Marshall Islands MH96960.


<BR><BR></FONT></DD>



<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Based
on a Schedule&nbsp;13G jointly filed by Perry Corp. and Richard C. Perry, in his capacity as President and sole shareholder of Perry Corp., with the Commission on
February&nbsp;13, 2006. The principal address of Perry Corp. is 767 Fifth Avenue, New York, New York 10153.


<BR><BR></FONT></DD>



<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD><FONT SIZE=2>Does
not include 3,614 shares of restricted stock subject to vesting conditions.


<BR><BR></FONT></DD>



<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD><FONT SIZE=2>Includes
11,575 options to purchase common stock. Does not include 23,148 options subject to vesting conditions or 14,457 shares of restricted stock subject to vesting conditions.


<BR><BR></FONT></DD>



<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(5)</FONT></DT><DD><FONT SIZE=2>Includes
11,575 options to purchase common stock. Does not include 23,148 options subject to vesting conditions or 9,939 shares of restricted stock subject to vesting conditions.


</FONT></DD>

</DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are registering the securities offered hereby pursuant to the registration rights agreement with OIN pursuant to which it has three demand registration rights relating
to the common stock that it holds, subject to the requirements that any demand registration made by OIN cover at least 5% of our outstanding common stock. The registration rights agreement provides
that OIN has the right to assign </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>83</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=87,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=690235,FOLIO='83',FILE='DISK134:[06NYC5.06NYC4565]CY4565A.;25',USER='MREYES',CD='12-JAN-2007;17:54' -->
<A NAME="page_cy4565_1_84"> </A>
<BR>

<P><FONT SIZE=2>its
rights under the agreement in connection with a transfer of its shares of common stock, provided the transferee purchases at least 5% of our outstanding common stock in such transfer. In any
event, we will be subject to a maximum of three demand registrations under the agreement. Pursuant to OIN's exercise of its demand registration rights, we have filed this registration statement or
prospectus and will undertake an offering in the United States, as requested by it. In addition to its demand registration rights, OIN has piggyback registration rights whenever we register additional
common stock, subject to certain cutbacks (the shares to be registered by OIN would be the first to be cut back) and certain other conditions. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OIN
has agreed to pay all costs and expenses in connection with demand registrations and to pay its portion of costs and expenses in connection with piggyback registrations, and in
either case we will not pay any underwriting discounts or commissions applicable to the securities sold by OIN or any of its legal fees or expenses. We have agreed to indemnify OIN against certain
liabilities, including liabilities under the Securities Act in connection with each registration. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
more detailed information regarding the terms of the registration rights agreement, please see the form of registration rights agreement filed as an exhibit to the registration
statement of which this prospectus forms a part. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>84</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=88,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=344929,FOLIO='84',FILE='DISK134:[06NYC5.06NYC4565]CY4565A.;25',USER='MREYES',CD='12-JAN-2007;17:54' -->
<A NAME="page_cy4565_1_85"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cy4565_related_party_agreements"> </A>
<A NAME="toc_cy4565_2"> </A>
<BR></FONT><FONT SIZE=2><B>RELATED PARTY AGREEMENTS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We were incorporated on April&nbsp;14, 2005 as a wholly owned indirect subsidiary of OSG and we acquired our assets, which consists of our fleet of seven
vessels, from subsidiaries of OSG simultaneously with the completion of our IPO. We also entered into ship management agreements with Tanker Management, a wholly owned subsidiary of OSG. Our bylaws
permit us to enter into related party transactions with one or more of our directors or officers, or their affiliates, if: (i)&nbsp;the material facts as to the interested parties role in the
transaction are disclosed to our board and the disinterested members of our board in good faith authorize the transaction, (ii)&nbsp;the material facts as to the interested party's role in the
transaction are disclosed to the stockholders and the transaction is approved in good faith by vote of the stockholders or (iii)&nbsp;the contract or transaction is fair to us at the time it is
authorized, approved or ratified by the board or the stockholders. </FONT></P>

<P><FONT SIZE=2><B>Memoranda of Agreement  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the memoranda of agreement, we acquired seven tankers from subsidiaries of OSG. The total purchase price for these vessels was equal to the net
proceeds from the sale of 16,000,000 shares of common stock pursuant to our IPO (less amounts required pay fees and expenses associated with our IPO), borrowings of $236&nbsp;million under the term
loan portion of our credit facility and the issuance of 13,999,900 shares of our common stock to a wholly owned subsidiary of OSG. Based on the IPO of $12.00 per share, the purchase price for our
fleet was approximately $580.6&nbsp;million. </FONT></P>

<P><FONT SIZE=2><B>The Charters  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our wholly owned subsidiaries have time chartered our vessels to the charterers, which are wholly owned subsidiaries of OSG. The basic hire is payable to us under
the charters and is fixed in advance for the length of the initial charter. In addition to the basic hire, OIN, the charterers' parent, and the charterers have agreed to pay us additional hire
quarterly in arrears pursuant to our charter framework agreement with OIN and the charterers. OSG has agreed to guarantee the charter payments under our charter arrangements, including the payment of
basic hire and additional hire. We have agreed to guarantee the obligations of each of our subsidiaries under the charters. Please see the section of this prospectus entitled
"Business&#151;Charter Arrangements" for a more detailed description of the charters. </FONT></P>

<P><FONT SIZE=2><B>Ship Management Agreements  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our vessel owning subsidiaries have entered into fixed rate ship management agreements with Tanker Management, a wholly owned subsidiary of OSG. Under these
agreements, which are coterminous with the charters of each of the vessels, Tanker Management assumed all responsibilities for the technical management and most of the operating costs of the vessels
in exchange for a technical management fee that will be fixed for the first two years of the agreements. Please see the section of this prospectus entitled "Business&#151;Ship Management
Agreements" for a more detailed description of the ship management agreements. </FONT></P>

<P><FONT SIZE=2><B>Registration Rights Agreement  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have entered into a registration rights agreement with OIN pursuant to which we have agreed to register for sale to the public the 13,351,500 shares that OSG
or its subsidiaries hold in us. We are registering the shares of our common stock offered hereby pursuant to this registration rights agreement. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>85</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=89,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=442934,FOLIO='85',FILE='DISK134:[06NYC5.06NYC4565]CY4565A.;25',USER='MREYES',CD='12-JAN-2007;17:54' -->
<A NAME="page_cy4565_1_86"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="cy4565_description_of_capital_stock"> </A>
<A NAME="toc_cy4565_3"> </A>
<BR></FONT><FONT SIZE=2><B>DESCRIPTION OF CAPITAL STOCK    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a description of the material terms of our amended and restated articles of incorporation and bylaws. Because the following is only a summary, it
does not contain all information that you may find useful. For more complete information, you should read our amended and restated articles of incorporation and bylaws, copies of which have been filed
as exhibits to the registration statement of which this prospectus forms a part. </FONT></P>

<P><FONT SIZE=2><B>Purpose  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our purpose, as stated in our amended and restated articles of incorporation, is to engage in any lawful act or activity for which corporations may now or
hereafter be organized under the Business
Corporations Act of the Marshall Islands, or the BCA. Our amended and restated articles of incorporation and bylaws do not impose any limitations on the ownership rights of our stockholders. </FONT></P>


<P><FONT SIZE=2><B>Authorized Capitalization  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under our amended and restated articles of incorporation, our authorized capital stock consists of 100,000,000 shares of common stock, par value $.01 per share,
and 1,000,000 shares of preferred stock, par value $.01 per share. As of January&nbsp;16, 2007, we had outstanding 30,009,250 shares of common stock and no shares of preferred stock. All of our
shares of stock are in registered form.

 </FONT>

</P>

<P><FONT SIZE=2><B><I>Common Stock  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders. Subject to preferences that may be
applicable to any outstanding shares of preferred stock, holders of shares of common stock are entitled to receive ratably all dividends, if any, declared by our board of directors out of funds
legally available for dividends. Upon our dissolution or liquidation or the sale of all or substantially all of our assets, after payment in full of all amounts required to be paid to creditors and to
the holders of preferred stock having liquidation preferences, if any, the holders or our common stock will be entitled to receive pro rata our remaining assets available for distribution. Holders of
common stock do not have conversion, redemption or preemptive rights to subscribe to any of our securities. The rights, preferences and privileges of holders of common stock are subject to the rights
of the holders of any shares of preferred stock which we may issue in the future. </FONT></P>

<P><FONT SIZE=2><B><I>Preferred Stock  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our amended and restated articles of incorporation authorize our board of directors to establish one or more series of preferred stock and to determine, with
respect to any series of preferred stock, the terms and rights of that series, including: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
designation of the series;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
number of shares of the series;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
preferences and relative, participating, option or other special rights, if any, and any qualifications, limitations or restrictions of such series; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
voting rights, if any, of the holders of the series. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>86</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=90,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=847217,FOLIO='86',FILE='DISK134:[06NYC5.06NYC4565]CY4565A.;25',USER='MREYES',CD='12-JAN-2007;17:54' -->
<UL>
<UL>
</UL>
</UL>
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_da4565_1_87"> </A> </FONT></P>

<!-- TOC_END -->

<P><FONT SIZE=2><B>Directors  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our directors are elected by a plurality of the votes cast by stockholders entitled to vote. There is no provision for cumulative voting. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
bylaws provide that our board of directors must consist of at least three members. Stockholders may change the number of directors only by the affirmative vote of holders of a
majority of the outstanding common stock. The board of directors may change the number of directors only by a majority vote of the entire board. </FONT></P>

<P><FONT SIZE=2><B>Stockholder Meetings  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under our bylaws, annual stockholder meetings will be held at a time and place selected by our board of directors. The meetings may be held in or outside of the
Marshall Islands. Special meetings may be called by stockholders holding not less than one-fifth of all the outstanding shares entitled to vote at such meeting. Our board of directors may
set a record date between 15 and 60&nbsp;days before the date of any meeting to determine the stockholders that will be eligible to receive notice and vote at the meeting. </FONT></P>

<P><FONT SIZE=2><B>Dissenters' Rights of Appraisal and Payment  </B></FONT></P>

<P>

<FONT SIZE=2>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the Business Corporation Act of the Republic of the Marshall Islands, or BCA, our stockholders have the right to dissent from various corporate actions,
including any merger or consolidation or sale of all or substantially all of our assets not made in the usual course of our business, and receive payment of the fair value of their shares. In the
event of any further amendment of our amended and restated articles of incorporation, a stockholder also has the right to dissent and receive payment for his or her shares if the amendment alters
certain rights in respect of those shares. The dissenting stockholder must follow the procedures set forth in the BCA to receive payment. In the event that we and any dissenting stockholder fail to
agree on a price for the shares, the BCA procedures involve, among other things, the institution of proceedings in the high court of the Republic of the Marshall





Islands or in any appropriate court in any jurisdiction in which the company's shares are primarily traded on a local or national securities exchange.

 </FONT></P>

<P><FONT SIZE=2><B>Stockholders' Derivative Actions  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the BCA, any of our stockholders may bring an action in our name to procure a judgment in our favor, also known as a derivative action, provided that the
stockholder bringing the action is a holder of common stock both at the time the derivative action is commenced and at the time of the transaction to which the action relates. </FONT></P>

<P><FONT SIZE=2><B>Limitations on Liability and Indemnification of Officers and Directors  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The BCA authorizes corporations to limit or eliminate the personal liability of directors and officers to corporations and their stockholders for monetary damages
for breaches of directors' fiduciary duties. Our bylaws includes a provision that eliminates the personal liability of directors for monetary damages for actions taken as a director to the fullest
extent permitted by law. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
bylaws provide that we must indemnify our directors and officers to the fullest extent authorized by law. We are also expressly authorized to advance certain expenses (including
attorneys' fees and disbursements and court costs) to our directors and offices and carry directors' and officers' insurance providing indemnification for our directors, officers and certain employees
for some liabilities. We believe that these indemnification provisions and insurance are useful to attract and retain qualified directors and executive officers. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>87</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=91,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=524130,FOLIO='87',FILE='DISK134:[06NYC5.06NYC4565]DA4565A.;13',USER='NLUCCA',CD='12-JAN-2007;12:31' -->
<A NAME="page_da4565_1_88"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
limitation of liability and indemnification provisions in our amended and restated articles of incorporation and bylaws may discourage stockholders from bringing a lawsuit against
directors for breach of their fiduciary duty. These provisions may also have the effect of reducing the likelihood of derivative litigation against directors and officers, even though such an action,
if successful, might otherwise benefit us and our stockholders. In addition, your investment may be adversely affected to the extent we pay the costs of settlement and damage awards against directors
and officers pursuant to these indemnification provisions. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
is currently no pending material litigation or proceeding involving any of our directors, officers or employees for which indemnification is sought. </FONT></P>

<P><FONT SIZE=2><B>Anti-Takeover Effect of Certain Provisions of Our Amended and Restated Articles of Incorporation and Bylaws  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Several provisions of our amended and restated articles of incorporation and bylaws, which are summarized below, may have anti-takeover effects. These
provisions are intended to avoid costly takeover battles, lessen our vulnerability to a hostile change of control and enhance the ability of our board of directors to maximize stockholder value in
connection with any unsolicited offer to acquire us. However, these anti-takeover provisions, which are summarized below, could also discourage, delay or prevent (1)&nbsp;the merger or
acquisition of our company by means of a tender offer, a proxy contest or otherwise that a stockholder may consider in its best interest and (2)&nbsp;the removal of incumbent officers and directors. </FONT></P>

<P><FONT SIZE=2><B><I>Blank Check Preferred Stock  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the terms of our amended and restated articles of incorporation, our board of directors has authority, without any further vote or action by our
stockholders, to issue up to 1,000,000 shares of blank check preferred stock. Our board of directors may issue shares of preferred stock on terms calculated to discourage, delay or prevent a change of
control of our company or the removal of our management. </FONT></P>

<P><FONT SIZE=2><B><I>Classified Board of Directors  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our amended and restated articles of incorporation provide for the division of our board of directors into three classes of directors, with each class as nearly
equal in number as possible, serving staggered, three year terms. Approximately one-third of our board of directors will be elected each year. This classified board provision could
discourage a third party from making a tender offer for our shares or attempting to obtain control of us. It could also delay stockholders who do not agree with the policies of our board of directors
from removing a majority of our board of directors for two years. </FONT></P>

<P><FONT SIZE=2><B><I>Election and Removal of Directors  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our amended and restated articles of incorporation prohibit cumulative voting in the election of directors. Our bylaws require parties other than the board of
directors to give advance written notice of nominations for the election of directors. Our articles of incorporation also provide that our directors may be removed only for cause and only upon the
affirmative vote of a majority of the outstanding shares of our capital stock entitled to vote for those directors. These provisions may discourage, delay or prevent the removal of incumbent officers
and directors. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
bylaws provide that stockholders are required to give us advance notice of any person they wish to propose for election as a director if that person is not proposed by our board of
directors. These advance notice provisions provide that the stockholder must have given written notice of such proposal not less than 90&nbsp;days nor more than 120&nbsp;days prior to the
anniversary date of the immediately preceding annual general meeting. In the event the annual general meeting is called for a date that is </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>88</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=92,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=923561,FOLIO='88',FILE='DISK134:[06NYC5.06NYC4565]DA4565A.;13',USER='NLUCCA',CD='12-JAN-2007;12:31' -->
<A NAME="page_da4565_1_89"> </A>
<BR>

<P><FONT SIZE=2>not
within 30&nbsp;days before or after such anniversary date, notice by the stockholder must be given not later than 10&nbsp;days following the earlier of the date on which notice of the annual
general meeting was mailed to stockholders or the date on which public disclosure of the date of the annual general meeting was made. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the case of a special general meeting called for the purpose of electing directors, notice by the stockholder must be given not later than 10&nbsp;days following the earlier of the
date on which notice of the special general meeting was mailed to stockholders or the date on which public disclosure of the date of the special general meeting was made. Any nomination not properly
made will be disregarded. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
director may be removed only for cause by the stockholders, provided notice is given to the director of the stockholders meeting convened to remove the director and provided such
removal is approved by the affirmative vote of a majority of the outstanding shares of our capital stock entitled to vote for those directors. The notice must contain a statement of the intention to
remove the director and must be served on the director not less than fourteen days before the meeting. The director is entitled to attend the meeting and be heard on the motion for his removal. </FONT></P>

<P><FONT SIZE=2><B><I>Limited Actions by Stockholders  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our amended and restated articles of incorporation and our bylaws provide that any action required or permitted to be taken by our stockholders must be effected
at an annual or special meeting of
stockholders or by the unanimous written consent of our stockholders. Our amended and restated articles of incorporation and our bylaws provide that, subject to certain exceptions, our chairman or
chief executive officer, at the direction of the board of directors or holders of not less than one-fifth of all outstanding shares may call special meetings of our stockholders and the
business transacted at the special meeting is limited to the purposes stated in the notice. Accordingly, a stockholder may be prevented from calling a special meeting for stockholder consideration of
a proposal over the opposition of our board of directors and stockholder consideration of a proposal may be delayed until the next annual meeting. </FONT></P>

<P><FONT SIZE=2><B>Transfer Agent  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrar and transfer agent for the common stock is Mellon Investor Services LLC. </FONT></P>


<P><FONT SIZE=2><B>Listing  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our common stock is listed on the New York Stock Exchange under the symbol "DHT". </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>89</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=93,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=606462,FOLIO='89',FILE='DISK134:[06NYC5.06NYC4565]DA4565A.;13',USER='NLUCCA',CD='12-JAN-2007;12:31' -->
<A NAME="page_da4565_1_90"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="da4565_comparison_of_marshall_islands__com02865"> </A>
<A NAME="toc_da4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>COMPARISON OF MARSHALL ISLANDS CORPORATE LAW TO DELAWARE CORPORATE LAW    <BR>    </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our corporate affairs are governed by our amended and restated articles of incorporation and bylaws and by the BCA. The provisions of the BCA resemble provisions
of the corporation laws of a number of states in the United States. For example, the BCA allows the adoption of various anti-takeover measures such as stockholder "rights" plans. While the
BCA also provides that it is to be interpreted according to the laws of the State of Delaware and other states with substantially similar legislative provisions, there have been few, if any, court
cases interpreting the BCA in the Marshall Islands and we cannot predict whether Marshall Islands courts would reach the same conclusions as United States courts. Thus, you may have more difficulty in
protecting your interests in the face of actions by the management, directors or controlling stockholders than would stockholders of a corporation incorporated in a United States jurisdiction which
has developed a substantial body of case law. The following table provides a comparison between the statutory provisions of the BCA and the Delaware General Corporation Law relating to stockholders'
rights.

</FONT>

</P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>Marshall Islands</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>Delaware</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 ALIGN="CENTER"><BR><FONT SIZE=2><B>Stockholder Meetings</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><BR>
Held at a time and place as designated in the bylaws</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
May be held at such time or place as designated in the certificate of incorporation or the bylaws, or if not so designated, as determined by the board of directors</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><BR>
Special meetings of the stockholders may be called by the board of directors or by such person or persons as may be authorized by the certificate of incorporation or by the bylaws</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Special meetings of the stockholders may be called by the board of directors or by such person or persons as may be authorized by the certificate of incorporation or by the bylaws</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><FONT SIZE=2><BR>
May be held in or outside of the Marshall Islands</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3 VALIGN="TOP"><FONT SIZE=2><BR>
May be held in or outside of Delaware</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><BR>
Notice:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Notice:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
&#149;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
Whenever stockholders are required to take action at a meeting, written notice shall state the place, date and hour of the meeting and, unless it is an annual meeting, indicate that it is being issued by or at the direction of the person calling the
meeting</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>
&#149;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
Whenever stockholders are required to take any action at a meeting, a written notice of the meeting shall be given which shall state the place, if any, date and hour of the meeting, and the means of remote communication, if any</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
&#149;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
A copy of the notice of any meeting shall be given personally or sent by mail not less than 15 nor more than 60 days before the meeting</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>
&#149;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
Written notice shall be given not less than 10 nor more than 60 days before the meeting</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 ALIGN="CENTER"><BR><FONT SIZE=2><B>Stockholder's Voting Rights</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><BR>
Any action required to be taken by a meeting of stockholders may be taken without a meeting if consent is in writing and is signed by all the stockholders entitled to vote</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Stockholders may act by written consent to elect directors by all the stockholders entitled to vote</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><BR>
Any person authorized to vote may authorize another person to act for him by proxy</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Any person authorized to vote may authorize another person or persons to act for him by proxy</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>90</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=94,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=619488,FOLIO='90',FILE='DISK134:[06NYC5.06NYC4565]DA4565A.;13',USER='NLUCCA',CD='12-JAN-2007;12:31' -->
<A NAME="page_da4565_1_91"> </A>
<!-- end of table folio -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><BR>
Unless otherwise provided in the articles of incorporation, majority of shares entitled to vote constitutes a quorum. In no event shall a quorum consist of fewer than one third of the shares entitled to vote at a meeting</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
For non-stock companies, a certificate of incorporation or bylaws may specify the number of members to constitute a quorum</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><BR>
No provision for cumulative voting</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
For stock corporations, a certificate of incorporation or bylaws may specify the number to constitute a quorum but in no event shall a quorum consist of less than one-third of shares entitled to vote at a meeting. In the absence of such
specifications, a majority of shares entitled to vote shall constitute a quorum</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
The certificate of incorporation may provide for cumulative voting</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 ALIGN="CENTER"><BR><FONT SIZE=2><B>Directors</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><BR>
The board of directors must consist of at least one member</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
The board of directors must consist of at least one member</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><BR>
Number of members can be changed by an amendment to the bylaws, by the stockholders, or by action of the board under the specific provisions of a bylaw</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Number of board members shall be fixed by the bylaws, unless the certificate of incorporation fixes the number of directors, in which case a change in the number shall be made only by amendment of the certificate of incorporation</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><FONT SIZE=2><BR>
If the board of directors is authorized to change the number of directors, it can only do so by an absolute majority (majority of the entire board)</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=7 ALIGN="CENTER"><BR><FONT SIZE=2><B>Dissenter's Rights of Appraisal</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><BR>
Stockholders have a right to dissent from any plan of merger or consolidation or sale of all or substantially all assets not made in the usual course of business, and receive payment of the fair value of their shares</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Appraisal rights shall be available for the shares of any class or series of stock of a corporation in a merger or consolidation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
&#149;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
Alters or abolishes any preferential right of any outstanding shares having preference; or</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
&#149;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
Creates, alters, or abolishes any provision or right in respect to the redemption of any outstanding shares; or</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
&#149;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
Alters or abolishes any preemptive right of such holder to acquire shares or other securities; or</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
&#149;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
Excludes or limits the right of such holder to vote on any matter, except as such right may be limited by the voting rights given to new shares then being authorized of any existing or new class</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<BR>
<P ALIGN="CENTER"><FONT SIZE=2>91</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=95,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=32691,FOLIO='91',FILE='DISK134:[06NYC5.06NYC4565]DA4565A.;13',USER='NLUCCA',CD='12-JAN-2007;12:31' -->
<A NAME="page_da4565_1_92"> </A>
<!-- end of table folio -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD COLSPAN=7 ALIGN="CENTER"><BR><FONT SIZE=2><B>Stockholder's Derivative Actions</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2><BR>
An action may be brought in the right of a corporation to procure a judgment in its favor, by a holder of shares or of voting trust certificates or of a beneficial interest in such shares or certificates. It shall be made to appear that the plaintiff
is such a holder at the time of bringing the action and that he was such a holder at the time of the transaction of which he complains, or that his shares or his interest therein devolved upon him by operation of law</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
In any derivative suit instituted by a stockholder or a corporation, it shall be averred in the complaint that the plaintiff was a stockholder of the corporation at the time of the transaction of which he complains or that such stockholder's stock
thereafter devolved upon such stockholder by operation of law</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><FONT SIZE=2><BR>
Complaint shall set forth with particularity the efforts of the plaintiff to secure the initiation of such action by the board or the reasons for not making such effort</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><FONT SIZE=2><BR>
Such action shall not be discontinued, compromised or settled, without the approval of the High Court of the Republic</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><FONT SIZE=2><BR>
Attorney's fees may be awarded if the action is successful</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><FONT SIZE=2><BR>
Corporation may require a plaintiff bringing a derivative suit to give security for reasonable expenses if the plaintiff owns less than 5% of any class of stock and the shares have a value of less than $50,000</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="43%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>92</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=96,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=820420,FOLIO='92',FILE='DISK134:[06NYC5.06NYC4565]DA4565A.;13',USER='NLUCCA',CD='12-JAN-2007;12:31' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_dc4565_1_93"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dc4565_tax_considerations"> </A>
<A NAME="toc_dc4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>TAX CONSIDERATIONS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a discussion of the material Marshall Islands and United States federal income tax considerations relevant to an investment decision by a United
States Holder, as defined below, with respect to the acquisition, ownership and disposition of the common stock of Double Hull Tankers,&nbsp;Inc., or the Company. This discussion does not purport to
deal with the tax consequences of owning common stock to all categories of investors, some of which (such as financial institutions, regulated investment companies, real estate investment trusts,
tax-exempt organizations, insurance companies, persons holding common stock of the Company as part of a hedging, integrated, conversion or constructive sale transaction or a straddle,
traders in securities that have elected the mark-to-market method of accounting for their securities, persons liable for alternative minimum tax, persons who are investors in
pass-through entities, dealers in securities or currencies and investors whose functional currency is not the United States dollar) may be subject to special rules. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WE
RECOMMEND THAT YOU CONSULT YOUR OWN TAX ADVISORS CONCERNING THE OVERALL TAX CONSEQUENCES ARISING IN YOUR OWN PARTICULAR SITUATION UNDER UNITED STATES FEDERAL, STATE, LOCAL OR FOREIGN
LAW OF THE OWNERSHIP OF COMMON STOCK. </FONT></P>

<P><FONT SIZE=2><B>Marshall Islands Tax Considerations  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following are the material Marshall Islands tax consequences of our activities to us and stockholders of our common stock. We are incorporated in the Marshall
Islands. Under current Marshall Islands law, we are not subject to tax on income or capital gains, and no Marshall Islands withholding tax will be imposed upon payments of dividends by us to our
stockholders. </FONT></P>

<P><FONT SIZE=2><B>United States Federal Income Tax Considerations  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This discussion is based on the Internal Revenue Code of 1986, as amended (the "Code"), Treasury regulations issued thereunder, published administrative
interpretations of the Internal Revenue Service,
or IRS, and judicial decisions as of the date hereof, all of which are subject to change at any time, possibly on a retroactive basis. The statements of law contained in this section, "United States
Federal Income Tax Considerations," represent the opinion of Cravath, Swaine&nbsp;&amp; Moore LLP ("Tax Counsel"). </FONT></P>

<P><FONT SIZE=2><B><I>Taxation of Operating Income: In General  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's subsidiaries have elected to be treated as disregarded entities for U.S. federal income tax purposes. As a result, for purposes of the discussion
below, the Company's subsidiaries are treated as branches of it rather than as separate corporations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
exempt from United States federal income taxation under the rules contained in Section&nbsp;883 of the Code (discussed below), a foreign corporation is subject to United States
federal income taxation on its "shipping income" that is treated as derived from sources within the United States, referred to as "United States source shipping income." For these purposes "shipping
income" means any income that is derived from the use of vessels, from the hiring or leasing of vessels for use on a time, voyage or bareboat charter basis, from the participation in a pool,
partnership, strategic alliance, joint operating agreement, code sharing arrangement or other joint venture it directly or indirectly owns or participates in that generates such income, or from the
performance of services directly related to those uses. For tax purposes, "United States source shipping income" includes (i)&nbsp;50% of shipping income that is attributable to transportation that
begins or ends, but that does not both begin and end, in the United States and (ii)&nbsp;100% of shipping income that is attributable to transportation that both begins and ends in the United
States. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>93</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=97,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=1017262,FOLIO='93',FILE='DISK134:[06NYC5.06NYC4565]DC4565A.;15',USER='MREYES',CD='12-JAN-2007;17:55' -->
<A NAME="page_dc4565_1_94"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shipping
income attributable to transportation exclusively between non-United States ports will be considered to be 100% derived from sources outside the United States.
Shipping income derived from sources outside the United States will not be subject to any United States federal income tax. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the absence of exemption from tax under Section&nbsp;883, the Company's gross United States source shipping income would be subject to a 4% tax imposed without allowance for
deductions as described below. The Company has not, nor does it believe it will engage in transportation that produces income which is considered to be 100% from sources within the United States. </FONT></P>

<P><FONT SIZE=2><I>Exemption of operating income from United States federal income taxation  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Section&nbsp;883 of the Code and the regulations thereunder, the Company will be exempt from United States federal income taxation on its United States
source shipping income if: </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>it
is organized in a foreign country (the Company's "country of organization") that grants an "equivalent exemption" to corporations organized in the United States; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>either
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(A)</FONT></DT><DD><FONT SIZE=2>more
than 50% of the value of its stock is owned, directly or indirectly, by individuals who are "residents" of its country of organization or of another foreign country that grants
an "equivalent exemption" to corporations organized in the United States, referred to as the "50% Ownership Test," or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(B)</FONT></DT><DD><FONT SIZE=2>its
stock is "primarily and regularly traded on an established securities market" in its country of organization, in another country that grants an "equivalent exemption" to United
States corporations, or in the United States, referred to as the "Publicly-Traded Test". </FONT></DD></DL>
</DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Marshall Islands, the jurisdiction where the Company and its ship-owning subsidiaries are incorporated, grants an "equivalent exemption" to United States corporations.
Therefore, the Company will be exempt from United States federal income taxation with respect to the Company's United States source shipping income if either the 50% Ownership Test or the Publicly-
Traded Test is met. As a result of the IPO, it is difficult to satisfy the 50% Ownership Test due to the widely-held ownership of the Company's stock. </FONT></P>


<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As to the Publicly-Traded Test, the regulations under Code Section&nbsp;883 provide, in pertinent part, that stock of a foreign corporation will be considered to be "primarily traded"
on an established securities market in a country if the number of shares of each class of stock that is traded during any taxable year on all established securities markets in that country exceeds the
number of shares in each such class that is traded during that year on established securities markets in any other single country. The Company believes that its common stock, which is, and will
continue to be, the sole class of its issued and outstanding stock, is, and will continue to be, "primarily traded" on the New York Stock Exchange, which is an established securities market for these
purposes.

</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Publicly-Traded Test also requires the Company's common stock be "regularly traded" on an established securities market. Under the regulations, the Company's common stock is
considered to be "regularly traded" on an established securities market if one or more classes of the Company's stock representing more than 50% of its outstanding shares, by both total combined
voting power of all classes of stock entitled to vote and total value, are listed on the market, referred to as the "listing threshold." The regulations further require that with respect to each class
of stock relied upon to meet the listing threshold, (i)&nbsp;such class of stock is traded on the market, other than in minimal quantities, on at least 60&nbsp;days during the taxable year or
<SUP>1</SUP>/<SMALL>6</SMALL> of the days in a short taxable year; and (ii)&nbsp;the aggregate number of shares of such class of stock traded on such market during the taxable year is at least 10% of the
average number of shares of such class of stock outstanding during such year (as appropriately adjusted in the case of a short taxable year). The Company believes it satisfies, and will

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>94</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=98,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=583133,FOLIO='94',FILE='DISK134:[06NYC5.06NYC4565]DC4565A.;15',USER='MREYES',CD='12-JAN-2007;17:55' -->
<A NAME="page_dc4565_1_95"> </A>
<BR>

<P><FONT SIZE=2>


continue to satisfy, the trading frequency and trading volume tests. However, even if the Company does not satisfy both tests, the regulations provide that the trading frequency and trading volume
tests will be deemed satisfied if its common stock is traded on an established market in the United States and such stock is regularly quoted by dealers making a market in such stock. The Company
believes this is and will continue to be the case.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing, a class of the Company's stock will not be considered to be "regularly traded" on an established securities market for any taxable year in which 50% or
more of the vote and value of the outstanding shares of such class are owned, actually or constructively under certain stock attribution rules, on more than half the days during the taxable year by
persons who each own 5% or more of the value of such class of its outstanding stock, referred to as the "5 Percent Override Rule." </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
order to determine the persons who actually or constructively own 5% or more of the Company's stock, or "5% Stockholders," the Company is permitted to rely on those persons that are
identified on Schedule&nbsp;13G and Schedule&nbsp;13D filings with the United States Securities and Exchange Commission, or the SEC, as having a 5% or more beneficial interest in its common stock.
In addition, an investment company identified on a Schedule&nbsp;13G or Schedule&nbsp;13D filing which is registered under the Investment Company Act of 1940, as amended, will not be treated as a
5% Stockholder for such purposes. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event the 5 Percent Override Rule is triggered, the 5 Percent Override Rule will nevertheless not apply if the Company can establish that among the closely-held group
of 5% Stockholders, there are sufficient 5% Stockholders that are considered to be "qualified stockholders" for purposes of Section&nbsp;883 to preclude non-qualified 5% Stockholders in
the closely-held group from owning 50% or more of each class of the Company's stock for more than half the number of days during the taxable year. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of January&nbsp;16, 2007, OIN owned approximately 44.5% of the Company's common stock and is a 5% Stockholder. Based on OIN's ownership and our review of the SEC filings discussed
above, the



Company believes that it did satisfy the Publicly-Traded Test and was not subject to the 5&nbsp;Percent Override Rule during 2006. The Company currently believes that it will continue to satisfy the
Publicly-Traded Test, although no assurances can be given that this will be the case.


</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In any year that the 5 Percent Override Rule is triggered with respect to the Company, the Company is eligible for the exemption from tax under Section&nbsp;883 only if it can
nevertheless satisfy the Publicly-Traded Test (which requires, among other things, showing that the exception to the 5 Percent Override Rule applies) or if it can satisfy the 50% Ownership Test. In
either case, the Company would have to satisfy certain substantiation requirements regarding the identity of its stockholders in order to qualify for the Section&nbsp;883 exemption. These
requirements are onerous and there is no assurance that the Company would be able to satisfy them.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent the benefits of Section&nbsp;883 are unavailable, the Company's United States source shipping income, to the extent not considered to be "effectively connected" with the
conduct of a United States trade or business, as described below, would be subject to a 4% tax imposed by Section&nbsp;887 of the Code on a gross basis, without the benefit of deductions. Since
under the sourcing rules described above, no more than 50% of the Company's shipping income would be treated as being United States source shipping income, the maximum effective rate of United States
federal income tax on its shipping income would never exceed 2% under the 4% gross basis tax regime. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent the benefits of the Section&nbsp;883 exemption are unavailable and the Company's United States source shipping income is considered to be "effectively connected" with the
conduct of a United States trade or business, as described below, any such "effectively connected" United States source shipping income, net of applicable deductions, would be subject to the United
States federal corporate </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>95</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=99,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=507626,FOLIO='95',FILE='DISK134:[06NYC5.06NYC4565]DC4565A.;15',USER='MREYES',CD='12-JAN-2007;17:55' -->
<A NAME="page_dc4565_1_96"> </A>
<BR>

<P><FONT SIZE=2>income
tax currently imposed at rates of up to 35%. In addition, the Company may be subject to the 30% "branch profits" taxes on earnings effectively connected with the conduct of such trade or
business, as determined after allowance for certain adjustments, and on certain interest paid or deemed paid attributable to the conduct of its United States trade or business. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company's United States source shipping income would be considered "effectively connected" with the conduct of a United States trade or business only if: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
Company had, or was considered to have, a fixed place of business in the United States involved in the earning of United States source shipping income; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>substantially
all of the Company's United States source shipping income was attributable to regularly scheduled transportation, such as the operation of a vessel that
followed a published schedule with repeated sailings at regular intervals between the same points for voyages that begin or end in the United States. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company does not have, nor will it permit circumstances that would result in having, any vessel sailing to or from the United States on a regularly scheduled basis. Based on the
foregoing and on the expected mode of the Company's shipping operations and other activities, none of the Company's United States source shipping income is or will be "effectively connected" with the
conduct of a United States trade or business.


</FONT></P>

<P><FONT SIZE=2><I>United States taxation of gain on sale of vessels  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regardless of whether the Company qualifies for exemption under Section&nbsp;883, it will not be subject to United States federal income taxation with respect
to gain realized on a sale of a vessel, provided the sale is considered to occur outside of the United States under United States federal income tax principles. In general, a sale of a vessel will be
considered to occur outside of the United States for this purpose if title to the vessel, and risk of loss with respect to the vessel, pass to the buyer outside of the United States. It is expected
that any sale of a vessel will be considered to occur outside of the United States. </FONT></P>

<P><FONT SIZE=2><B><I>United States Federal Income Taxation of "United States Holders"  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As used herein, the term "United States Holder" means a beneficial owner of common stock that </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>is
an individual United States citizen or resident, a United States corporation or other United States entity taxable as a corporation, an estate the income of which is
subject to United States federal income taxation regardless of its source, or a trust if a court within the United States is able to exercise primary jurisdiction over the administration of the trust
and one or more United States persons have the authority to control all substantial decisions of the trust,
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>owns
the Company's common stock as a capital asset, and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>owns
less than 10% of the Company's common stock for United States federal income tax purposes. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
a partnership holds the Company's common stock, the tax treatment of a partner will generally depend upon the status of the partner and upon the activities of the partnership. If you
are a partner in a partnership holding the Company's common stock, we suggest that you consult your tax advisor. </FONT></P>


<P><FONT SIZE=2><I>Distributions  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to the discussion of passive foreign investment companies ("PFICs") below, any distributions made by the Company with respect to its common stock to a
United States Holder will generally constitute dividends to the extent of its current or accumulated earnings and profits, as </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>96</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=100,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=252372,FOLIO='96',FILE='DISK134:[06NYC5.06NYC4565]DC4565A.;15',USER='MREYES',CD='12-JAN-2007;17:55' -->
<A NAME="page_dc4565_1_97"> </A>
<BR>

<P><FONT SIZE=2>determined
under United States federal income tax principles. Distributions in excess of such earnings and profits will be treated first as a nontaxable return of capital to the extent of the United
States Holder's tax basis in his common stock on a dollar-for-dollar basis and thereafter as capital gain. Because the Company is not a United States corporation, United States
Holders that are corporations will not be entitled to claim a dividends received deduction with respect to any distributions they receive from the Company. Dividends paid with respect to the Company's
common stock will generally be treated as "passive income" for purposes of computing allowable foreign tax credits for United States foreign tax credit purposes. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends paid on the Company's common stock to a United States Holder who is an individual, trust or estate (a "United States Non-Corporate Holder") will generally be
treated as "qualified dividend income" that is taxable to such United States Non-Corporate Holder at a preferential tax rate of 15% (through 2010) provided that (1)&nbsp;the common stock
is readily tradable on an established securities market in the United States (such as the New York Stock Exchange); (2)&nbsp;the Company is not a PFIC for the taxable year during which the dividend
is paid or the immediately preceding taxable year (see discussion below); (3)&nbsp;the United States Non-Corporate Holder has owned the common stock for more than 60&nbsp;days in the
121-day period beginning 60&nbsp;days before the date on which the common stock becomes ex-dividend; and (4)&nbsp;the United States Non-Corporate Holder is not
under an obligation to make related payments with respect to positions in substantially similar or related property. Special rules may apply to any "extraordinary dividend"&#151;generally, a
dividend in an amount which is equal to or in excess of 10% of a stockholder's adjusted basis in a share of common stock&#151;paid by the Company. If the Company pays an "extraordinary
dividend" on its common stock that is treated as "qualified dividend income," then any loss derived by a United States Non-Corporate Holder from the sale or exchange of such common stock
will be treated as long-term capital loss to the extent of such dividend. There is no



assurance that any dividends paid on the Company's common stock will be eligible for these preferential rates in the hands of a United States Non-Corporate Holder, although the Company
believes that they will be so eligible provided that it is not a PFIC, as discussed below. Any dividends out of earnings and profits the Company pays which are not eligible for these preferential
rates will be taxed as ordinary income to a United States Non-Corporate Holder.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, even if we are not a PFIC, under proposed legislation, dividends of a corporation incorporated in a country without a "comprehensive income tax system" paid to United States
Non-Corporate Holders would not be eligible for the 15% tax rate. Although the term "comprehensive income tax system" is not defined in the proposed legislation, we believe this rule would
apply to us because we are incorporated in the Marshall Islands. </FONT></P>

<P><FONT SIZE=2><I>Sale, exchange or other disposition of common stock  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provided that the Company is not a PFIC for any taxable year, a United States Holder generally will recognize taxable gain or loss upon a sale, exchange or other
disposition of the Company's common stock in an amount equal to the difference between the amount realized by the United States Holder from such sale, exchange or other disposition and the United
States Holder's tax basis in such stock. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such
gain or loss will be treated as long-term capital gain or loss if the United States Holder's holding period is greater than one year at the time of the sale, exchange or
other disposition. Such capital gain or loss will generally be treated as United States source income or loss, as applicable, for United States foreign tax credit purposes. Long-term
capital gains of United States Non-Corporate Holders are eligible for reduced rates of taxation. A United States Holder's ability to deduct capital losses is subject to certain
limitations. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>97</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=101,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=854202,FOLIO='97',FILE='DISK134:[06NYC5.06NYC4565]DC4565A.;15',USER='MREYES',CD='12-JAN-2007;17:55' -->
<A NAME="page_dc4565_1_98"> </A>
<BR>

<P><FONT SIZE=2><I>PFIC status and significant tax consequences  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Special United States federal income tax rules apply to a United States Holder that holds stock in a foreign corporation classified as a PFIC for United States
federal income tax purposes. In particular, United States Non-Corporate Holders will not be eligible for the 15% tax rate on qualified dividends. In general, the Company will be treated as
a PFIC with respect to a United States Holder if, for any taxable year in which such holder held its common stock, either </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>at
least 75% of the Company's gross income for such taxable year consists of passive income (e.g., dividends, interest, capital gains and rents derived other than in the
active conduct of a rental business), or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>at
least 50% of the average value of the Company's assets during such taxable year produce, or are held for the production of, passive income. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income
earned, or deemed earned, by the Company in connection with the performance of services would not constitute passive income. By contrast, rental income would generally constitute
"passive income" unless the Company were treated under specific rules as deriving its rental income in the active conduct of a trade or business. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax
Counsel believes that it is more likely than not that the Company is not currently a PFIC. This opinion is based on the Company's operations and certain representations made by OSG
and the Company, including representations that the terms of each ship management agreement and time charter, taken as a whole, as well as certain specific terms in each agreement, are in accordance
with normal commercial practice for agreements made at arm's length between unrelated parties. Based on the foregoing, Tax Counsel has concluded that, although there is no legal authority directly on
point, the gross income the Company derives from the time chartering activities of its subsidiaries more likely than not constitutes services income, rather than rental income. Consequently, such
income more likely than not does not constitute passive income, and the assets that the Company or its wholly owned subsidiaries own and operate in connection with the production of such income, in
particular, the vessels, more likely than not does not constitute passive assets for purposes of determining whether the Company is a PFIC. Tax Counsel believes that there is legal authority
supporting its position, consisting of case law and Internal Revenue Service pronouncements, concerning the characterization of income derived from time charters as services income for other tax
purposes. However, there is no legal authority specifically relating to the statutory provisions governing PFICs or relating to circumstances substantially similar to that of the Company. In addition,
the opinion of Tax Counsel is based on representations of OSG and the Company that have not been reviewed by the IRS. As a result, the Internal Revenue Service or a court could disagree with the
Company's position. No assurance can be given that this result will not occur. In addition, although the Company intends to conduct its affairs in a manner to avoid, to the extent possible, being
classified as a PFIC with respect to any taxable year, the Company cannot assure you that the nature of its operations will not change in the future, or that it can avoid PFIC status in the future. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
discussed more fully below, if the Company were treated as a PFIC for any taxable year, a United States Holder would be subject to different taxation rules depending on whether the
United States Holder made an election to treat the Company as a "Qualified Electing Fund," which election is referred to as a "QEF election." As an alternative to making a QEF election, a United
States Holder should be able to make a "mark-to-market" election with respect to the Company's common stock, as discussed below. </FONT></P>

<P><FONT SIZE=2><I>Taxation of United States holders making a timely QEF election  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Company were a PFIC and a United States Holder made a timely QEF election, which United States Holder is referred to as an "Electing Holder," the Electing
Holder would report each </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>98</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=102,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=107181,FOLIO='98',FILE='DISK134:[06NYC5.06NYC4565]DC4565A.;15',USER='MREYES',CD='12-JAN-2007;17:55' -->
<A NAME="page_dc4565_1_99"> </A>
<BR>

<P><FONT SIZE=2>year
for United States federal income tax purposes its pro rata share of the Company's ordinary earnings and the Company's net capital gain (which gain shall not exceed its earnings and profits for
the taxable year), if any, for the Company's taxable year that ends with or within the taxable year of the Electing Holder, regardless of whether or not distributions were received from the Company by
the Electing Holder. Any such ordinary income would not be eligible for the preferential tax rates applicable to qualified dividend income as discussed above. The Electing Holder's adjusted tax basis
in the common stock would be increased to reflect taxed but undistributed earnings and profits. Distributions of earnings and profits that had been previously taxed would, pursuant to this election,
result in a corresponding reduction in the adjusted tax basis in the common stock and would not be taxed again once distributed. An Electing Holder would not, however, be entitled to a deduction for
its pro rata share of any losses that the Company incurred with respect to any year. An Electing Holder would generally recognize capital gain or loss on the sale, exchange or other disposition of the
Company's common stock. A United States Holder would make a QEF election with respect to any year that the Company is a PFIC by filing one copy of IRS Form&nbsp;8621 with his United States federal
income tax return. If the Company were treated as a PFIC for any taxable year, it would provide each United States Holder with all necessary information in order to make the QEF election described
above. Even if a United States Holder makes a QEF election for a taxable year of the Company, if the Company were a PFIC for a prior taxable year during which the holder was a stockholder and for
which the holder did not make a timely QEF election, different and more adverse tax consequences would apply. </FONT></P>

<P><FONT SIZE=2><I>Taxation of United States holders making a "mark-to-market" election  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alternatively, if the Company were treated as a PFIC for any taxable year and, as the Company believes, its stock is treated as "marketable stock," a United
States Holder would be allowed to make a "mark-to-market" election with respect to the Company's common stock, provided the United States Holder completes and files IRS
Form&nbsp;8621 in accordance with the relevant instructions and related Treasury regulations. If that election is made, the United States Holder generally would include as ordinary income in each
taxable year the excess, if any, of the fair market value of the common stock at the end of the taxable year over such holder's adjusted tax basis in the common stock. The United States Holder would
also be permitted an ordinary loss in respect of the excess, if any, of the United States Holder's adjusted tax basis in the common stock over its fair market value at the end of the taxable year, but
only to the extent of the net amount previously included in income as a result of the mark-to-market election. A United States Holder's tax basis in his common stock would be
adjusted to reflect any such income or loss amount. Gain realized on the sale, exchange or other disposition of the Company's common stock would be
treated as ordinary income, and any loss realized on the sale, exchange or other disposition of the common stock would be treated as ordinary loss to the extent that such loss does not exceed the net
mark-to-market gains previously included by the United States Holder in income. </FONT></P>

<P><FONT SIZE=2><I>Taxation of United States holders not making a timely QEF or mark-to-market election  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finally, if the Company were treated as a PFIC for any taxable year, a United States Holder who does not make either a QEF election or a
"mark-to-market" election for that year, referred to as a "Non-Electing Holder," would be subject to special rules with respect to (1)&nbsp;any excess
distribution (i.e., the portion of any distributions received by the Non-Electing Holder on the Company's common stock in a taxable year in excess of 125% of the average annual
distributions received by the Non-Electing Holder in the three preceding taxable years, or, if shorter, the Non-Electing Holder's </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>99</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=103,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=23561,FOLIO='99',FILE='DISK134:[06NYC5.06NYC4565]DC4565A.;15',USER='MREYES',CD='12-JAN-2007;17:55' -->
<A NAME="page_dc4565_1_100"> </A>
<BR>

<P><FONT SIZE=2>holding
period for the common stock), and (2)&nbsp;any gain realized on the sale, exchange or other disposition of the Company's common stock. Under these special rules: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
excess distribution or gain would be allocated ratably over the Non-Electing Holder's aggregate holding period for the common stock;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
amount allocated to the current taxable year and any taxable year prior to the first taxable year in which the Company was a PFIC during the Non-Electing
Holder's holding period, would be taxed as ordinary income; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
amount allocated to each of the other taxable years would be subject to tax at the highest rate of tax in effect for the applicable class of taxpayer for that year, and
an interest charge for the deemed deferral benefit would be imposed with respect to the resulting tax attributable to each such other taxable year. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These
penalties would not apply to a qualified pension, profit sharing or other retirement trust or other tax-exempt organization that did not borrow money or otherwise
utilize leverage in
connection with its acquisition of the Company's common stock. If the Company were a PFIC and a Non-Electing Holder who was an individual died while owning the Company's common stock, such
holder's successor generally would not receive a step-up in tax basis with respect to such stock. Certain of these rules would apply to a United States Holder who made a QEF election for
one of the Company's taxable years if it were a PFIC in a prior taxable year during which the holder was a stockholder and for which the holder did not make a QEF election. </FONT></P>

<P><FONT SIZE=2><B><I>United States Federal Income Taxation of "Non-United States Holders"  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A beneficial owner of common stock (other than a partnership) that is not a United States Holder is referred to herein as a "Non-United States
Holder." </FONT></P>

<P><FONT SIZE=2><I>Dividends on common stock  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-United States Holders generally will not be subject to United States federal income tax or withholding tax on dividends received from the Company
with respect to its common stock, unless that income is effectively connected with the Non-United States Holder's conduct of a trade or business in the United States. If the
Non-United States Holder is entitled to the benefits of a United States income tax treaty with respect to those dividends, that income is taxable only if it is attributable to a permanent
establishment maintained by the Non-United States Holder in the United States. </FONT></P>

<P><FONT SIZE=2><I>Sale, exchange or other disposition of common stock  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-United States Holders generally will not be subject to United States federal income tax or withholding tax on any gain realized upon the sale,
exchange or other disposition of the Company's common stock, unless: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
gain is effectively connected with the Non-United States Holder's conduct of a trade or business in the United States (and, if the Non-United
States Holder is entitled to the benefits of an income tax treaty with respect to that gain, that gain is attributable to a permanent establishment maintained by the Non-United States
Holder in the United States); or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>the
Non-United States Holder is an individual who is present in the United States for 183&nbsp;days or more during the taxable year of disposition and other
conditions are met. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Non-United States Holder is engaged in a United States trade or business for United States federal income tax purposes, the income from the common stock, including
dividends and the gain from the sale, exchange or other disposition of the stock, that is effectively connected with the conduct of that trade or business will generally be subject to regular United
States federal income tax in the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>100</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=104,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=935201,FOLIO='100',FILE='DISK134:[06NYC5.06NYC4565]DC4565A.;15',USER='MREYES',CD='12-JAN-2007;17:55' -->
<A NAME="page_dc4565_1_101"> </A>
<BR>

<P><FONT SIZE=2>same
manner as discussed in the previous section relating to the taxation of United States Holders. In addition, if you are a corporate Non-United States Holder, your earnings and profits
that are attributable to the effectively connected income, which are subject to certain adjustments, may be subject to an additional branch profits tax at a rate of 30%, or at a lower rate as may be
specified by an applicable income tax treaty. </FONT></P>

<P><FONT SIZE=2><B>Backup Withholding and Information Reporting  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In general, dividend payments, or other taxable distributions, made within the United States to you will be subject to information reporting requirements if you
are a non-corporate United States Holder. Such payments or distributions may also be subject to backup withholding tax if you are a non-corporate United States Holder and you: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>fail
to provide an accurate taxpayer identification number;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>are
notified by the Internal Revenue Service that you have failed to report all interest or dividends required to be shown on your federal income tax returns; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>in
certain circumstances, fail to comply with applicable certification requirements. </FONT></DD></DL>
</UL>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-United
States Holders may be required to establish their exemption from information reporting and backup withholding by certifying their status on IRS
Form&nbsp;W-8BEN, W-8ECI or W-8IMY, as applicable. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
you are a Non-United States Holder and you sell your common stock to or through a United States office of a broker, the payment of the proceeds is subject to both United
States backup withholding and information reporting unless you certify that you are a non-United States person, under penalties of perjury, or you otherwise establish an exemption. If you
sell your common stock through a non-United States office of a non-United States broker and the sales proceeds are paid to you outside the United States, then information
reporting and backup withholding generally will not apply to that payment. However, United States information reporting requirements, but not backup withholding, will apply to a payment of sales
proceeds, even if that payment is made to you outside the United States, if you sell your common stock through a non-United States office of a broker that is a United States person or has
some other contacts with the United States. Such information reporting requirements will not apply, however, if the broker has documentary evidence in its records that you are a non-United
States person and certain other conditions are met, or you otherwise establish an exemption. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Backup
withholding tax is not an additional tax. Rather, you generally may obtain a refund of any amounts withheld under backup withholding rules that exceed your income tax liability by
filing a refund claim with the Internal Revenue Service. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>101</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=105,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=100920,FOLIO='101',FILE='DISK134:[06NYC5.06NYC4565]DC4565A.;15',USER='MREYES',CD='12-JAN-2007;17:55' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_de4565_1_102"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="de4565_plan_of_distribution"> </A>
<A NAME="toc_de4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>PLAN OF DISTRIBUTION    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are registering for sale by the selling stockholder from time to time 4,600,000 shares of our common stock. The selling stockholder may offer and sell, from
time to time, some or all of the shares covered by this prospectus. We have registered the shares covered by this prospectus for offer and sale by the selling stockholder so that those shares may be
freely sold to the public by it. Registration of the shares covered by this prospectus does not mean, however, that those shares necessarily will be offered or sold. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
selling stockholder may pledge or grant a security interest in some or all of the shares of common stock owned by it and, if it defaults in the performance of its secured
obligations, the pledgees or secured parties may offer and sell the shares of common stock from time to time pursuant to this prospectus or any amendment to this prospectus amending, if necessary, the
list of selling stockholders to include the pledgee, transferee or other successors in interest as selling stockholders under this prospectus. The selling stockholder also may transfer and donate the
shares of common stock in other circumstances in which case the transferees, donees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
selling stockholder will act independently of us in making decisions with respect to the timing, manner and size of each sale. The selling stockholder may sell its shares covered by
this prospectus from time to time, in one or more transactions, at market prices prevailing at the time of sale, at prices related to market prices, at a fixed price or prices subject to change, at
varying prices determined at the time of sale or at negotiated prices, by a variety of methods including the following: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>on
the New York Stock Exchange or any other national securities exchange or U.S. inter-dealer system of a registered national securities association on which our common
stock may be listed or quoted at the time of sale;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>in
the over-the-counter market;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>in
privately negotiated transactions;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>in
an exchange distribution in accordance with the rules of the applicable exchange;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>as
settlement of short sales entered into after the date of the prospectus;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>through
the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>through
broker-dealers, who may act as agents or principals;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>through
sales "at the market" to or through a market-maker;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>in
a block trade in which a broker-dealer will attempt to sell a block of shares of common stock as agent but may position and resell a portion of the block as principal to
facilitate the transaction;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>through
one or more underwriters on a firm commitment or best-efforts basis;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>directly
to one or more purchasers;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>through
agents;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>in
options transactions;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>over
the internet;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>any
other method permitted pursuant to applicable law; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>in
any combination of the above. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>102</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=106,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=344314,FOLIO='102',FILE='DISK134:[06NYC5.06NYC4565]DE4565A.;8',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<A NAME="page_de4565_1_103"> </A>
<UL>
<UL>
</UL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
effecting sales, brokers or dealers engaged by the selling stockholder may arrange for other brokers or dealers to participate. Broker-dealer transactions may include: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>purchases
of the shares by a broker-dealer as principal and resales of the shares by the broker-dealer for its account pursuant to this prospectus;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>ordinary
brokerage transactions; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2>transactions
in which the broker-dealer solicits purchasers. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, the selling stockholder may sell any shares covered by this prospectus in private transactions or under Rule&nbsp;144 under the Securities Act rather than pursuant to this
prospectus. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with the sale of shares covered by this prospectus, broker-dealers may receive commissions or other compensation from the selling stockholder in the form of commissions,
discounts
or concessions. Broker-dealers may also receive compensation from purchasers of the shares for whom they act as agents or to whom they sell as principals or both. Compensation as to a particular
broker-dealer may be in excess of customary commissions or in amounts to be negotiated. In connection with any underwritten offering, underwriters may receive compensation in the form of discounts,
concessions or commissions from the selling stockholder or from purchasers of the shares for whom they act as agents. Underwriters may sell the shares to or through dealers, and such dealers may
receive compensation in the form of discounts, concessions or commissions from the underwriters and/or commissions from the purchasers for whom they may act as agents. The selling stockholder and any
underwriters, broker-dealers or agents that participate in the distribution of the common shares may be deemed to be "underwriters" within the meaning of the Securities Act, and any profit on the sale
of the shares by them and any discounts, commissions or concessions received by any of those underwriters, broker-dealers or agents may be deemed to be underwriting discounts and commissions under the
Securities Act. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with the distribution of the shares covered by this prospectus or otherwise, the selling stockholder may enter into hedging transactions with broker-dealers or other
financial institutions. In connection with such transactions, broker-dealers or other financial institutions may engage in short sales of our common stock in the course of hedging the positions they
assume with the selling stockholder. The selling stockholder may also sell shares of our common stock short and deliver the shares offered by this prospectus to close out its short positions. The
selling stockholder may also enter into option or other transactions with broker-dealers or other financial institutions which require the delivery to such broker-dealer or other financial institution
of shares offered by this prospectus, which shares such broker-dealer or other financial institution may resell pursuant to this prospectus, as supplemented or amended to reflect such transaction. The
selling stockholder also may from time to time pledge its common shares pursuant to the margin provisions of its customer agreements with its brokers. Upon default by the selling shareholder, the
broker may offer and sell such pledged common shares from time to time pursuant to this prospectus, as supplemented or amended to reflect such transaction. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
any time a particular offer of the common shares covered by this prospectus is made, a revised prospectus or prospectus supplement, if required, will be distributed which will set
forth the aggregate amount of shares covered by this prospectus being offered and the terms of the offering, including the name or names of any underwriters, dealers, brokers or agents, any discounts,
commissions, concessions and other items constituting compensation from the selling stockholder and any discounts, commissions or concessions allowed or reallowed or paid to dealers. Such prospectus
supplement, and, if necessary, a post-effective amendment to the registration statement of which this prospectus is a part, will be filed with the SEC to reflect the disclosure of
additional information with respect to the distribution of the common shares covered by this prospectus. In order to comply with the securities laws of certain states, if applicable, the shares sold
under this prospectus may only be sold through registered or licensed </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>103</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=107,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=161054,FOLIO='103',FILE='DISK134:[06NYC5.06NYC4565]DE4565A.;8',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<A NAME="page_de4565_1_104"> </A>
<BR>

<P><FONT SIZE=2>broker-dealers.
In addition, in some states the shares may not be sold unless they have been registered or qualified for sale in the applicable state or an exemption from registration or qualification
requirements is available and is complied with. We have informed the selling stockholder that the anti-manipulative provisions of Regulation&nbsp;M promulgated under the Exchange Act may
apply to its sales of shares in the market and to the activities of the selling stockholder and its respective affiliates. The selling stockholder has advised us that it has not entered into any
agreements, understandings or arrangements with any underwriters or broker-dealers regarding the sale of the shares, nor is there an underwriter or coordinating broker acting in connection with the
proposed sale of the shares by the selling stockholder. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with an underwritten offering, we and the selling stockholder would execute an underwriting agreement with an underwriter or underwriters. Unless otherwise indicated in the
revised prospectus or applicable prospectus supplement, the underwriting agreement would provide that the obligations of the underwriter or underwriters are subject to certain conditions precedent and
that the underwriter or underwriters with respect to a sale of the covered shares will be obligated to purchase all of the covered shares if any such shares are purchased. The selling stockholder may
grant to the underwriter or underwriters an option to purchase additional shares of common stock at the public offering price, as may be set forth in the revised prospectus or applicable prospectus
supplement. If the selling stockholder grants any such option, the terms of the option will be set forth in the revised prospectus or applicable prospectus supplement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Underwriters,
agents, brokers or dealers may be entitled under relevant agreements entered into with us and the selling stockholder to indemnification by us and the selling stockholder
against certain civil liabilities, including liabilities under the Securities Act that may arise from any untrue statement or alleged untrue statement of a material fact or any omission or alleged
omission to state a material fact in this prospectus, any supplement or amendment hereto, or in the registration statement of which this prospectus forms a part, or to contribution with respect to
payments which the underwriters, agents, brokers or dealers may be required to make. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
our registration rights agreement with the selling stockholder, the selling stockholder has agreed to pay all of our expenses incident to the offering and sale of the shares
covered by this prospectus. We have agreed to indemnify the selling stockholder, its controlling persons and its respective officers,
directors, partners, employees, representatives and agents against certain losses, claims, damages, actions, expenses and other liabilities arising under the securities laws in connection with this
offering. The selling stockholder has agreed, severally, to indemnify us, our officers and directors who sign the registration statement against any losses, claims, damages, actions, expenses and
other liabilities, arising under the securities laws in connection with this offering with respect to written information furnished to us by the selling stockholder for inclusion in the registration
statement of which this prospectus is a part (and up to the amount of the net proceeds received by the selling shareholder from sales of the shares giving rise to such obligations). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>104</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=108,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=912120,FOLIO='104',FILE='DISK134:[06NYC5.06NYC4565]DE4565A.;8',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<A NAME="page_de4565_1_105"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="de4565_legal_matters"> </A>
<A NAME="toc_de4565_2"> </A>
<BR></FONT><FONT SIZE=2><B>LEGAL MATTERS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The validity of our common stock offered hereby and certain other matters relating to Marshall Islands law will be passed upon for us by Reeder&nbsp;&amp; Simpson
PC. Certain other legal matters relating to United States law will be passed upon for us by Cravath, Swaine&nbsp;&amp; Moore LLP, New York, New York. Certain legal matters will be passed upon for any
underwriters, dealers or agents by Simpson Thacher&nbsp;&amp; Bartlett LLP, New York, New York. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="de4565_experts"> </A>
<A NAME="toc_de4565_3"> </A>
<BR></FONT><FONT SIZE=2><B>EXPERTS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ernst&nbsp;&amp; Young LLP, our independent registered public accounting firm, have audited our consolidated and predecessor combined carve-out
financial statements at December&nbsp;31, 2004 and 2005 and for each of the three years in the period ended December&nbsp;31, 2005, as set forth in their reports, which are included in this
prospectus. We have included our consolidated and predecessor combined carve-out financial statements in this prospectus and elsewhere in the registration statement of which this
prospectus is a part in reliance on Ernst&nbsp;&amp; Young LLP's report, given on their authority as experts in accounting and auditing. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>105</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=109,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=187013,FOLIO='105',FILE='DISK134:[06NYC5.06NYC4565]DE4565A.;8',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<A NAME="page_de4565_1_106"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="de4565_additional_information"> </A>
<A NAME="toc_de4565_4"> </A>
<BR></FONT><FONT SIZE=2><B>ADDITIONAL INFORMATION    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We filed with the SEC a registration statement on Form&nbsp;F-1 under the Securities Act, with respect to the offer and sale of common stock
pursuant to this prospectus. This prospectus, filed as a part of the registration statement, does not contain all of the information set forth in the registration statement or the exhibits and
schedules thereto in accordance with the rules and regulations of the SEC and no reference is hereby made to such omitted information. Statements made in this prospectus concerning the contents of any
contract, agreement or other document filed as an exhibit to the registration statement are summaries of all of the material terms of such contracts, agreements or documents, but do not repeat all of
their terms. Reference is made to each such exhibit for a more complete description of the matters involved and such statements shall be deemed qualified in their entirety by such reference. The
registration statement and the exhibits and schedules thereto filed with the SEC may be inspected, without charge, and copies may be obtained at prescribed rates, at the public reference facility
maintained by the SEC at its principal office at 100 F Street, N.E., Washington, D.C. 20549. The SEC also maintains a website (http://www.sec.gov) that contains reports, proxy and information
statements and other information regarding registrants that file electronically with the SEC. For further information pertaining to the common stock offered by this prospectus and Double Hull
Tankers,&nbsp;Inc. reference is made to the registration statement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are subject to the information and periodic reporting requirements of the Securities and Exchange Act and we file periodic reports and other information with the SEC. These periodic
reports and other information are available for inspection and copying at the SEC's public reference facilities and the web site of the SEC referred to above. As a "foreign private issuer", we are
exempt from the rules under the Exchange Act prescribing the furnishing and content of proxy statements to stockholders, but we are required to furnish certain proxy statements to stockholders under
New York Stock Exchange rules. Those proxy statements are not expected to conform to Schedule&nbsp;14A of the proxy rules promulgated under the Exchange Act. In addition, as a "foreign private
issuer", we are exempt from the rules under the Exchange Act relating to short swing profit reporting and liability. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>106</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=110,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=728912,FOLIO='106',FILE='DISK134:[06NYC5.06NYC4565]DE4565A.;8',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_dg4565_1_107"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dg4565_glossary_of_shipping_terms"> </A>
<A NAME="toc_dg4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>GLOSSARY OF SHIPPING TERMS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following are definitions of certain terms that are commonly used in the tanker industry and in this prospectus. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>ABS</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>American Bureau of Shipping, an American classification society.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Aframax</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>A medium size crude oil tanker of approximately 80,000 to 120,000 dwt. Aframaxes operate on many different trade routes, including in the Caribbean, the Atlantic, the North Sea and the Mediterranean. They
are also used in ship-to-ship transfer of cargo in the U.S. Gulf typically from VLCCs for discharge in ports from which the larger tankers are restricted. Modern Aframaxes can generally transport from 500,000 to 800,000 barrels of crude
oil.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Annual Survey</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>The inspection of a vessel pursuant to international conventions, by a classification society surveyor, on behalf of the flag state, that takes place every year.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Bareboat Charter</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>A Charter under which a charterer pays a fixed daily or monthly rate for a fixed period of time for use of the vessel. The charterer pays all voyage and vessel operating expenses. Bareboat charters are
usually for a long term. Also referred to as a "Demise Charter."</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Bulk Carriers</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Vessels which are specially designed to carry "dry" cargoes in bulk form, such as coal, iron ore and grain.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Bunker</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Fuel oil used to operate a vessel's engines, generators and boilers.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Charter</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Contract for the use of a vessel, generally consisting of either a voyage, time or bareboat charter.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Charterer</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>The company that hires a vessel pursuant to a Charter.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Charter hire</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Money paid to the ship-owner by a charterer for the use of a vessel under a time charter or bareboat charter.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Classification Society</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>An independent society that certifies that a vessel has been built and maintained according to the society's rules for that type of vessel and complies with the applicable rules and regulations of the
country in which the vessel is registered, as well as the international conventions which that country has ratified. A vessel that receives its certification is referred to as being "in class" as of the date of issuance.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Contract of Affreightment</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>A contract of affreightment, or COA, is an agreement between an owner and a charterer that obligates the owner to provide a vessel to the charterer to move specific quantities of cargo over a stated time
period, but without designating specific vessels or voyage schedules, thereby providing the owner greater operating flexibility than with voyage charters alone.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Draft</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Vertical distance between the waterline and the bottom of the vessel's keel.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Double Hull</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Hull construction design in which a vessel has an inner and outer side and bottom separated by void space, usually 2 meters in width.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<BR>
<P ALIGN="CENTER"><FONT SIZE=2>107</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=111,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=272509,FOLIO='107',FILE='DISK134:[06NYC5.06NYC4565]DG4565A.;10',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<A NAME="page_dg4565_1_108"> </A>
<!-- end of table folio -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Drydocking</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>The removal of a vessel from the water for inspection and/or repair of those parts of a vessel which are below the water line. During drydockings, which are required to be carried out periodically, certain
mandatory classification society inspections are carried out and relevant certifications issued. Drydockings are generally required once every 30 to 60 months.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Dwt</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Deadweight tons, which refers to the carrying capacity of a vessel by weight.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Hull</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Shell or body of a ship.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>IMO</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>International Maritime Organization, a United Nations agency that issues international regulations and standards for shipping.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Lightering</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>To partially discharge a tanker onto another tanker or barge.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>LOOP</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Louisiana Offshore Oil Port, Inc.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Lloyds</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Lloyds Register, a U.K. classification society.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Metric Ton</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>A metric ton of 1,000 kilograms.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Newbuilding</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>A new vessel under construction or just completed.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Off Hire</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>The period a vessel is unable to perform the services for which it is required under a time charter. Off hire periods typically include days spent undergoing repairs and drydocking, whether or not
scheduled.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>OPA</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Oil Pollution Act of 1990 of the United States.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>OPEC</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>The Organization of the Petroleum Exporting Countries, is an international organization of oil-exporting developing nations that coordinates and unifies the petroleum policies of its member
countries.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Petroleum Products</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Refined crude oil products, such as fuel oils, gasoline and jet fuel.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Protection and Indemnity (or P&amp;I) Insurance</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Insurance obtained through mutual associations (called "Clubs") formed by shipowners to provide liability insurance protection against a large financial loss by one member by contribution towards that loss
by all members. To a great extent, the risks are reinsured.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Scrapping</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>The disposal of vessels by demolition for scrap metal.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Special Survey</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>An extensive inspection of a vessel by classification society surveyors that must be completed within five years. Special Surveys require a vessel to be drydocked.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Spot Market</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>The market for immediate chartering of a vessel, usually for single voyages.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Tanker</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Ship designed for the carriage of liquid cargoes in bulk with cargo space consisting of many tanks. Tankers carry a variety of products including crude oil, refined petroleum products, liquid chemicals and
liquefied gas.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>108</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=112,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=801234,FOLIO='108',FILE='DISK134:[06NYC5.06NYC4565]DG4565A.;10',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<A NAME="page_dg4565_1_109"> </A>
<!-- end of table folio -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>TCE</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Time charter equivalent, a standard industry measure of the average daily revenue performance of a vessel. The TCE rate achieved on a given voyage is expressed in $/day and is generally calculated by
subtracting voyage expenses, including bunkers and port charges, from voyage revenue and dividing the net amount (time charter equivalent revenues) by the round-trip voyage duration.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Time Charter</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>A Charter under which a customer pays a fixed daily or monthly rate for a fixed period of time for use of the vessel. Subject to any restrictions in the charter, the customer decides the type and quantity
of cargo to be carried and the ports of loading and unloading. The customer pays the voyage expenses such as fuel, canal tolls, and port charges. The ship-owner pays all vessel operating expenses such as the management expenses and crew
costs.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>V Pluses</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>V Pluses are large crude oil tankers of more than 320,000 dwt. V&nbsp;Pluses can transport three million barrels of crude oil and are mainly used on the same long haul routes as VLCCs.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Vessel Operating Expenses</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>The costs of operating a vessel that is incurred during a charter, primarily consisting of crew wages and associated costs, insurance premiums, lubricants and spare parts, and repair and maintenance costs.
Vessel operating expenses exclude fuel and port charges, which are known as "voyage expenses." For a time charter, the ship-owner pays vessel operating expenses. For a bareboat charter, the charterer pays vessel operating expenses.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>VLCC</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>VLCC is the abbreviation for very large crude carrier, a large crude oil tanker of approximately 200,000 to 320,000 dwt. Modern VLCCs can generally transport two million barrels or more of crude oil. These
vessels are mainly used on the longest (long haul) routes from the Arabian Gulf to North America, Europe, and Asia, and from West Africa to the U.S. and Far Eastern destinations.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Voyage Expenses</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Expenses incurred due to a vessel traveling to a destination, such as fuel cost and port charges.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Worldscale</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Industry name for the Worldwide Tanker Nominal Freight Scale published annually by the Worldscale Association as a rate reference for shipping companies, brokers, and their customers engaged in the bulk
shipping of oil in the international markets. Worldscale is a list of calculated rates for specific voyage itineraries for a standard vessel, as defined, using defined voyage cost assumptions such as vessel speed, fuel consumption, and port costs.
Actual market rates for voyage charters are usually quoted in terms of a percentage of Worldscale.</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Worldscale Flat Rate</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>Base rates expressed in U.S.$ per ton which apply to specific sea transportation routes, calculated to give the same return as Worldscale 100.</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><I>Worldscale Points</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="66%" VALIGN="BOTTOM"><FONT SIZE=2>The freight rate negotiated for spot voyages expressed as a percentage of the Worldscale Flat rate.</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>109</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=113,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=15183,FOLIO='109',FILE='DISK134:[06NYC5.06NYC4565]DG4565A.;10',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fa4565_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fa4565_index_to_financial_statements"> </A>
<A NAME="toc_fa4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>Index to Financial Statements    <BR>    </B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="91%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="6%" ALIGN="CENTER"><FONT SIZE=1><B>Page</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2><B>Double Hull Tankers, Inc. Consolidated and Predecessor Combined Carve-Out Financial Statements</B></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="91%"><BR><FONT SIZE=2><I>Audited</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2>Reports of Independent Registered Public Accounting Firm</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>F-2</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2><BR>
Consolidated Balance Sheet as of December&nbsp;31, 2005 (successor) and Predecessor Combined Carve-Out Balance Sheet as of December&nbsp;31, 2004</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2><BR>
F-4</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2><BR>
Consolidated Statement of Operations for the period October&nbsp;18, 2005 to December&nbsp;31, 2005 (successor) and Predecessor Combined Carve-Out Statements of Operations for the period January&nbsp;1, 2005 to October&nbsp;17, 2005 and the years
ended December&nbsp;31, 2004 and 2003</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2><BR>
F-5</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2><BR>
Consolidated Statement of Changes in Stockholders' Equity for the period October&nbsp;18, 2005 to December&nbsp;31, 2005 (successor) and Predecessor Combined Carve-Out Statements of Changes in Stockholders' Equity for the period January&nbsp;1, 2005
to October&nbsp;17, 2005 and the years ended December&nbsp;31, 2004 and 2003</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2><BR>
F-6</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2><BR>
Consolidated Statement of Cash Flows for the period October&nbsp;18, 2005 to December&nbsp;31, 2005 (successor) and Predecessor Combined Carve-Out Statements of Cash Flows for the period January&nbsp;1, 2005 to October&nbsp;17, 2005 and the years
ended December&nbsp;31, 2004 and 2003</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2><BR>
F-7</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2><BR>
Notes to Double Hull Tankers, Inc. Consolidated and Predecessor Combined Carve-Out Financial Statements</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2><BR>
F-8</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="91%"><BR><FONT SIZE=2><I>Unaudited</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2>Consolidated Balance Sheets as of September&nbsp;30, 2006 and December 31, 2005</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>F-17</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2><BR>
Consolidated Statement of Operations for the period January&nbsp;1, 2006 to September&nbsp;30, 2006 (successor) and Predecessor Combined Carve-Out Statement of Operations for the period January&nbsp;1, 2005 to September&nbsp;30, 2005</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2><BR>
F-18</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2><BR>
Consolidated Statement of Changes in Stockholders' Equity for the period January&nbsp;1, 2006 to September&nbsp;30, 2006 (successor)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2><BR>
F-19</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2><BR>
Consolidated Statement of Cash Flows for the period January&nbsp;1, 2006 to September&nbsp;30, 2006 (successor) and Predecessor Combined Carve-Out Statements of Cash Flows for the period January&nbsp;1, 2005 to September&nbsp;30, 2005</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2><BR>
F-20</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="91%"><FONT SIZE=2><BR>
Notes to Double Hull Tankers, Inc. Consolidated and Predecessor Combined Carve-Out Financial Statements</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2><BR>
F-21</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>F-1</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=114,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=557312,FOLIO='F-1',FILE='DISK134:[06NYC5.06NYC4565]FA4565A.;8',USER='OALBERT',CD=';9-JAN-2007;13:57' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_fc4565_1_2"> </A> </FONT> <FONT SIZE=2><B>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  </B></FONT></P>

<P><FONT SIZE=2>The
Board of Directors and Stockholders<BR>
Double Hull Tankers,&nbsp;Inc. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have audited the accompanying consolidated balance sheet of Double Hull Tankers,&nbsp;Inc. and subsidiaries (the Company) as of December&nbsp;31, 2005 and the related consolidated
statements of operations, cash flows, and changes in stockholders' equity for the period October&nbsp;18, 2005 (commencement of operations) to December&nbsp;31, 2005. These financial statements
are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
conducted our audit in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Company's internal control over financial reporting. Our
audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinion. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Double Hull Tankers,&nbsp;Inc. and
subsidiaries at December&nbsp;31, 2005, and the consolidated results of their operations and their cash flows for the period October&nbsp;18, 2005 (commencement of operations) to
December&nbsp;31, 2005, in conformity with U.S. generally accepted accounting principles. </FONT></P>

<P><FONT SIZE=2>New
York, NY<BR>
March&nbsp;31, 2006 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
/s/ ERNST&nbsp;&amp; YOUNG LLP</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>F-2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=115,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=1018648,FOLIO='F-2',FILE='DISK134:[06NYC5.06NYC4565]FC4565A.;3',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<A NAME="page_fc4565_1_3"> </A>

<P><FONT SIZE=2><B>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  </B></FONT></P>

<P><FONT SIZE=2>The
Board of Directors and Stockholders<BR>
Overseas Shipholding Group,&nbsp;Inc. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have audited the accompanying predecessor combined carve-out balance sheet of OSG Crude as of December&nbsp;31, 2004 and the related predecessor combined
carve-out statements of operations, cash flows, and changes in stockholders' equity for the period January&nbsp;1, 2005 to October&nbsp;17, 2005 and the years ended December&nbsp;31,
2004 and 2003. These predecessor combined carve-out financial statements are the responsibility of OSG Crude's management. Our responsibility is to express an opinion on these combined
financial statements based on our audits. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of OSG Crude's internal control over financial reporting.
Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of OSG Crude's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant
estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
our opinion, the predecessor combined carve-out financial statements referred to above present fairly, in all material respects, the financial position of OSG Crude at
December&nbsp;31, 2004, and the results of their operations and their cash flows for the period January&nbsp;1, 2005 to October&nbsp;17, 2005 and the years ended December&nbsp;31, 2004 and
2003, in conformity with U.S. generally accepted accounting principles. </FONT></P>

<P><FONT SIZE=2>New
York, NY<BR>
March&nbsp;31, 2006 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2><BR>
/s/ ERNST&nbsp;&amp; YOUNG LLP</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>F-3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=116,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=1003941,FOLIO='F-3',FILE='DISK134:[06NYC5.06NYC4565]FC4565A.;3',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fe4565_1_4"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fe4565_double_hull_tankers,_inc._cons__dou03958"> </A>
<A NAME="toc_fe4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>Double Hull Tankers,&nbsp;Inc.<BR>  Consolidated and Predecessor Combined Carve-Out Balance Sheets<BR>  as of December&nbsp;31, 2005 and 2004    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December&nbsp;31, 2005<BR>
Successor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December&nbsp;31,<BR>
2004<BR>
Predecessor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>(Dollars in thousands, except<BR>
share and per share amounts)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2><B>ASSETS</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2><B>Current assets</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Cash and cash equivalents</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>15,893</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Voyage receivables from OSG</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>5,506</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>27,460</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Prepaid expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>281</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>911</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Prepaid technical management fee to OSG</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1,324</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="60%"><FONT SIZE=2><B>Total current assets</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>23,004</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>28,371</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Vessels, net of accumulated depreciation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>339,491</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>355,571</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Other assets including deferred debt issuance cost</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1,567</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>4,576</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="60%"><FONT SIZE=2><B>Total assets</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>364,062</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>388,518</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=2><B>LIABILITIES AND STOCKHOLDERS' EQUITY</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2><B>Current liabilities</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Accounts payable and accrued expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>3,895</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>2,043</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Unrealized loss on interest rate swap</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>807</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Current installment on long term debt</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>5,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Deferred shipping revenues</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>6,126</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="60%"><FONT SIZE=2><B>Total current liabilities</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>10,828</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>7,243</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=2><B>Long term liabilities</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Long term debt</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>236,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>84,400</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Loans payable to wholly-owned subsidiary of OSG</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>170,251</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Deferred credits and other liabilities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>1,826</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=2><B>Stockholders' equity</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Preferred stock ($0.01 par value, 1,000,000 shares authorized, none issued or outstanding)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Common stock ($0.01 par value, 100,000,000 authorized, 30,006,250 shares issued and outstanding;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>300</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Predecessor: no par value; 3,500 shares authorized; 700 shares issued and outstanding)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Paid-in additional capital</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>108,272</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Retained earnings</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>9,469</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>125,398</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Accumulated other comprehensive loss</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>(807</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(1,300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="60%"><FONT SIZE=2><B>Total stockholders' equity</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>117,234</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>124,798</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="60%"><FONT SIZE=2><B>Total liabilities and stockholders' equity</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>364,062</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>388,518</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>F-4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=117,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=649,FOLIO='F-4',FILE='DISK134:[06NYC5.06NYC4565]FE4565A.;6',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fg4565_1_5"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fg4565_double_hull_tankers,_inc._cons__dou03826"> </A>
<A NAME="toc_fg4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>Double Hull Tankers,&nbsp;Inc.<BR>  Consolidated and Predecessor Combined Carve-Out Statements of Operations    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December&nbsp;31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Successor<BR>
October 18<BR>
to<BR>
December&nbsp;31</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Predecessor<BR>
January 1<BR>
to<BR>
October 17</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Predecessor<BR>
2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Predecessor<BR>
2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER"><FONT SIZE=1><B>(Dollars in thousands except share and per share amounts)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Shipping revenues</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>20,173</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>84,134</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>136,205</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>66,192</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><BR><FONT SIZE=2><B>Ship Operating Expenses:</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Voyage expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>772</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>238</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>352</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Vessel expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>3,675</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>14,433</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>15,601</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10,956</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Depreciation and amortization</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>3,478</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>14,462</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>17,762</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>14,692</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>General and administrative (Prior to October&nbsp;18, 2005: allocated from Overseas Shipholding Group, Inc.)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>746</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5,759</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>7,269</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>4,828</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Total Ship Operating Expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,899</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>35,426</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>40,870</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>30,828</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="36%"><FONT SIZE=2>Income from Vessel Operations</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>12,274</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>48,708</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>95,335</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>35,364</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Other Income/(Expense)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(1,471</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Interest Expense to a Wholly-owned Subsidiary of OSG</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(574</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(3,411</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(2,775</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Interest Income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>67</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Interest Expense and Amortization of Deferred Debt Issuance Costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(2,872</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(3,022</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(5,234</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(3,158</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Income before Income Taxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
9,469</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
43,641</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2><BR>
86,690</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
29,431</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Provision for Income Taxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="36%"><FONT SIZE=2>Net Income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>9,469</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>43,641</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>86,690</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>29,431</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Basic Net Income per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
0.32</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
62,344.28</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2><BR>
123,842.88</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
42,044.38</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Diluted Net Income per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
0.32</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
62,344.28</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2><BR>
123,842.88</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
42,044.38</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Shares Used in Computing Basic Net Income per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
30,006,250</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2><BR>
700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Shares Used in Computing Diluted Net Income per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>30,008,190</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>F-5</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=118,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=610509,FOLIO='F-5',FILE='DISK134:[06NYC5.06NYC4565]FG4565A.;4',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fi4565_1_6"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fi4565_double_hull_tankers,_inc._cons__dou04667"> </A>
<A NAME="toc_fi4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>Double Hull Tankers,&nbsp;Inc.<BR>  Consolidated and Predecessor Combined Carve-Out Statements<BR>  of Changes in Stockholders' Equity    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="34%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=4 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Common Stock</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=3><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=3 ALIGN="CENTER"><FONT SIZE=1><B>Accumulated<BR>
Other<BR>
Comprehensive<BR>
Income/(Loss)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="34%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Paid-in<BR>
Additional<BR>
Capital</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Retained<BR>
Earnings</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="34%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=1><B>Shares</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Amount</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Total</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="34%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=16 ALIGN="CENTER"><FONT SIZE=1><B>(Dollars in thousands except shares)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1><BR>
Balance at December 31, 2002</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1><BR>
700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1><BR>
700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1><BR>
9,277</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(1,584</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1><BR>
8,393</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Net Income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>29,431</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>29,431</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Other Comprehensive Income/(Loss), effect of derivative instruments</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>(220</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>(220</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Other Comprehensive Income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>29,211</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1><BR>
Balance at December 31, 2003</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1><BR>
700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1><BR>
700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1><BR>
38,708</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(1,804</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1><BR>
37,604</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Net Income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>86,690</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>86,690</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Other Comprehensive Income/(Loss), effect of derivative instruments</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>504</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>504</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Other Comprehensive Income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>87,194</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1><BR>
Balance at December 31, 2004</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1><BR>
700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1><BR>
700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1><BR>
125,398</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1><BR>
(1,300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1><BR>
124,798</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Net Income attributable to predecessor stockholders</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>43,641</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>43,641</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Other Comprehensive Income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Termination of predecessor interest rate swap</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>1,300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>1,300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Other Comprehensive Income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>44,941</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Capital Contribution by predecessor stockholders</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>114,320</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>114,320</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1><BR>
Balance at October 17, 2005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1><BR>
700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1><BR>
700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1><BR>
114,320</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1><BR>
169,039</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1><BR>
&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1><BR>
284,059</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Balance at October 18, 2005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Net Income attributable to period from Oct.&nbsp;18 to Dec.&nbsp;31</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>9,469</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>9,469</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Other Comprehensive Income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Unrealized loss on interest rate swap</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>(807</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>(807</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Other Comprehensive Income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>8,662</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Issuance of common stock</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>30,006,250</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>345,879</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>346,179</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Deemed distribution to predecessor stockholders</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>(237,612</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>(237,612</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Deferred compensation related to options granted</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>5</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="34%"><FONT SIZE=1>Balance at December&nbsp;31, 2005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>30,006,250</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=1>108,272</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>9,469</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>(807</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=1>117,234</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="34%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>F-6</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=119,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=164329,FOLIO='F-6',FILE='DISK134:[06NYC5.06NYC4565]FI4565A.;6',USER='CARIASB',CD=';9-JAN-2007;13:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fk4565_1_7"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fk4565_double_hull_tankers,_inc._cons__dou03749"> </A>
<A NAME="toc_fk4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>Double Hull Tankers,&nbsp;Inc. Consolidated and Predecessor Combined Carve-Out<BR>  Statements of Cash Flow    <BR>    </B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>October 18 to<BR>
December 31<BR>
Successor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>January 1 to<BR>
October 17<BR>
Predecessor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004<BR>
Predecessor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003<BR>
Predecessor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><B>Cash Flows from Operating Activities:</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>9,469</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>43,641</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>86,690</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>29,431</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Items included in net income not affecting cash flows:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="37%"><FONT SIZE=2>Depreciation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>3,478</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>14,462</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>16,785</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>13,859</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="37%"><FONT SIZE=2>Amortization, including deferred finance charges</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>36</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>438</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,023</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>879</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Expenditures of drydocking</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(171</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(3,740</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Changes in operating assets and liabilities:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="37%"><FONT SIZE=2>Receivables</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(5,506</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>25,710</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(16,361</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(3,573</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="37%"><FONT SIZE=2>Prepaid expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(1,605</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>897</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(71</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(76</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="37%"><FONT SIZE=2>Other assets</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(17</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(2</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(3</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="37%"><FONT SIZE=2>Accounts payable and accrued expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>3,895</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(1,921</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(76</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>755</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="37%"><FONT SIZE=2>Deferred shipping revenues</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>6,126</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net cash provided by operating activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>15,893</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>83,039</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>84,248</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>41,272</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><BR><FONT SIZE=2><B>Cash Flows from Investing Activities:</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Expenditures for vessels</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(412,580</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(830</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(9,696</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(14,496</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net cash (used in) investing activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(412,580</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(830</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(9,696</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(14,496</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><BR><FONT SIZE=2><B>Cash Flows from Financing Activities:</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Issuance of common stock</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>178,180</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Issuance of long-term debt, net of issuance costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>234,400</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Repayment of loan from OSG</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(55,931</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(69,352</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(21,576</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Transfer of balances</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>63,322</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Repayment of long-term debt</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(89,600</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(5,200</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(5,200</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net cash provided by/(used in) financing activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>412,580</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(82,209</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(74,552</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(26,776</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net increase in cash and cash equivalents</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>15,893</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Cash and cash equivalents at beginning of period</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Cash and cash equivalents at end of period</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>15,893</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Interest Paid</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>3,022</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>5,328</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,578</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>F-7</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=120,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=956800,FOLIO='F-7',FILE='DISK134:[06NYC5.06NYC4565]FK4565A.;7',USER='NDEWIND',CD='11-JAN-2007;19:22' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fm4565_1_8"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fm4565_notes_to_double_hull_tankers,___not04004"> </A>
<A NAME="toc_fm4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>NOTES TO DOUBLE HULL TANKERS,&nbsp;INC.<BR>  CONSOLIDATED AND PREDECESSOR<BR>  COMBINED CARVE-OUT FINANCIAL STATEMENTS    <BR>    </B></FONT></P>

<P><FONT SIZE=2><B>General  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Double Hull Tankers,&nbsp;Inc. ("DHT" or the "Company") was incorporated on April&nbsp;14, 2005 under the laws of Marshall Islands as a wholly owned indirect
subsidiary of Overseas Shipholding Group,&nbsp;Inc. ("OSG"). In October&nbsp;2005, the Company completed its initial public offering ("IPO") by issuing and selling to the public 16,000,000 common
shares, par value $0.01 per share, at a price to the public of $12.00 per share, raising gross proceeds of $192&nbsp;million before deduction of underwriting discounts, commissions and expenses of
approximately $13.8&nbsp;million. On the date of the IPO the Company also raised $236&nbsp;million of secured debt (before expenses of approximately $1.6&nbsp;million). Simultaneously with the
IPO, the Company acquired seven double hull tankers consisting of three very large crude carriers, or VLCCs, and four Aframax vessels (the "Vessels") from subsidiaries of OSG in exchange for cash and
shares of its common stock. The Company chartered these vessels back to subsidiaries of OSG. The aggregate purchase price for the vessels was $580.6&nbsp;million, of which $412.6&nbsp;million was
in the form of cash and $168&nbsp;million in the form of common stock. The Company treated the excess of the purchase price over OSG's $343.0&nbsp;million aggregate book value of the vessels, or
$237.6&nbsp;million, as a deemed dividend to OSG. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subsequent
to the IPO, an aggregate of 648,500 of these shares were sold by a subsidiary of OSG, in connection with the underwriters' exercise of their over-allotment option.
The Company did not receive any proceeds from the sale of the over-allotment shares. As of December&nbsp;31, 2005, OSG beneficially owned approximately 44.5% of our outstanding common
stock. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
vessels are owned by seven Marshall Islands subsidiaries of the Company. The primary activity of each of the vessel subsidiaries is the ownership and operation of a vessel. The
following table sets out the details of the vessel subsidiaries included in these consolidated financial statements: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="86%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="39%" ALIGN="LEFT"><FONT SIZE=1><B>Company<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="18%" ALIGN="CENTER"><FONT SIZE=1><B>Vessel name</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="9%" ALIGN="CENTER"><FONT SIZE=1><B>Dwt</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="17%" ALIGN="CENTER"><FONT SIZE=1><B>Flag State</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>Year Built</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Chris Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2><I>Overseas Chris</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>309,285</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2001</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Ann Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2><I>Overseas Ann</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>309,327</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2001</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Regal Unity Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2><I>Regal Unity</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>309,966</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1997</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Cathy Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2><I>Overseas Cathy</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>112,028</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2004</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Sophie Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2><I>Overseas Sophie</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>112,045</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2003</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Ania Aframax Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2><I>Ania</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>94,848</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1994</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>Rebecca Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%"><FONT SIZE=2><I>Rebecca</I></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>94,873</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1994</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective
October&nbsp;18, 2005, the Company chartered the vessels to subsidiaries of OSG for terms of five to six and one-half years at basic hire amounts which are
essentially fixed. In addition,
the time charter arrangements include a profit sharing component that gives us the opportunity to earn additional hire when vessel earnings exceed the basic hire amounts set forth in the charters. Our
vessels are operated in the Tankers International Pool and the Aframax International Pool and we expect our potential to earn additional hire will benefit from the utilization rates realized by these
pools. In a pooling arrangement, the net revenues generated by all of the vessels in a pool are aggregated and distributed to pool members pursuant to a pre-arranged weighting system that
recognizes each vessel's earnings capacity based on its cargo capacity, speed and fuel consumption, and actual on-hire performance. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
time charter may be renewed by OSG on one or more successive occasions for periods of one, two or three years, up to an aggregate of five, six or eight years, depending on the
vessel. If a time </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-8</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=121,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=869787,FOLIO='F-8',FILE='DISK134:[06NYC5.06NYC4565]FM4565A.;13',USER='CARIASB',CD=';9-JAN-2007;13:30' -->
<A NAME="page_fm4565_1_9"> </A>
<BR>

<P><FONT SIZE=2>charter
is renewed, the charter terms providing for profit sharing will remain in effect and the charterer, at the time of exercise, will have the option to select a basic charter rate that is equal
to (i)&nbsp;5% above the published one-, two- or three-year time charter rate (corresponding to the extension length) for the vessel's class, as decided by a
shipbrokers panel, or (ii)&nbsp;the basic hire rate set forth in the applicable charter. The shipbrokers panel will be The Association of Shipbrokers and Agents Tanker Broker Panel or another panel
of brokers mutually acceptable to us and OSG. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective
October&nbsp;18, 2005, the Company also entered into ship management agreements with Tanker Management&nbsp;Ltd., a wholly owned subsidiary of OSG. The ship management
agreements provide for the technical management of the Vessels. The basic hire rate for each of the Vessels and the technical management fee are payable monthly in advance. The basic hire will
increase annually by an amount approximately equal to the annual increase in the fee payable under the applicable ship management agreement. </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;A&#151;Summary of significant accounting policies:  </B></FONT></P>

<P><FONT SIZE=2><I>Basis of presentation and accounting  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior to October&nbsp;18, 2005, the accompanying predecessor combined carve-out financial statements include the accounts of seven wholly-owned
subsidiaries of OSG. Such subsidiaries (collectively, "OSG Crude"), which are incorporated in the Marshall Islands, owned a fleet consisting of seven modern tankers prior to the IPO. The predecessor
combined carve-out
financial statements have been prepared to reflect the financial position, results of operations and cash flows of OSG Crude, which owned the vessels which were acquired by Double Hull
Tankers,&nbsp;Inc. on October&nbsp;18, 2005. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Double Hull Tankers,&nbsp;Inc. consolidated and predecessor combined carve-out financial statements are prepared in accordance with generally accepted accounting
principles in the United States. The consolidated financial statements include the assets and liabilities of the Company and its wholly owned subsidiaries. All intercompany balances and transactions
have been eliminated upon consolidation or combination. For the year ended December&nbsp;31, 2005, the predecessor combined carve-out financial statements are for the period
January&nbsp;1, 2005 through October&nbsp;17, 2005, and the consolidated financial statements of the Company and its wholly owned subsidiaries are for the 75&nbsp;day period from
October&nbsp;18, 2005 (date operations commenced) through December&nbsp;31, 2005 during which the Company operated as an independent company. For the period from January&nbsp;1, 2005 through
October&nbsp;17, 2005 and for the years ended December&nbsp;31, 2004 and 2003, the predecessor combined carve-out financial statements presented herein have been carved out of the
financial statements of OSG. The assets, liabilities, results of operations, and cash flows of the predecessor were carved out of the consolidated financial statements of OSG using specific
identification. In the preparation of these predecessor carve-out financial statements, general and administrative expenses were not identifiable as relating solely to the vessels. General
and administrative expenses, consisting primarily of salaries and other employee related costs, office rent, legal and professional fees, and travel and entertainment were allocated based on OSG
Crude's proportionate share of OSG's total ship-operating (calendar) days for each of the periods presented. Management believes these allocations to reasonably present the financial
position, results of operations and cash flows of OSG Crude. However, the predecessor combined carve-out statements of financial position, operations and cash flow may not be indicative of
those that would have been realized had OSG Crude operated as an independent stand-alone entity for the periods presented. Had OSG Crude operated as an independent stand-alone entity, its results
could have differed significantly from those presented herein. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-9</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=122,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=949130,FOLIO='F-9',FILE='DISK134:[06NYC5.06NYC4565]FM4565A.;13',USER='CARIASB',CD=';9-JAN-2007;13:30' -->
<A NAME="page_fm4565_1_10"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
statements of operations and cash flows have been reclassified to conform to the current presentation. </FONT></P>


<P><FONT SIZE=2><I>Cash and cash equivalents  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits that are highly liquid investments and have a maturity of three months or less when purchased are included in cash and cash equivalents.
Cash and cash equivalents of $15.9&nbsp;million as of December&nbsp;31, 2005 are pledged as described in Note&nbsp;C and are held at a single financial institution. The carrying value of cash
and cash equivalents approximates its fair value. </FONT></P>

<P><FONT SIZE=2><I>Vessels  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At October&nbsp;18, 2005, the Company recorded the Vessels at their historical cost to OSG Crude. The Vessels are being depreciated over periods ranging from 14
to 23&nbsp;years, which represent the Vessels' remaining life at the date of acquisition from OSG Crude. For the periods through October&nbsp;17, 2005, the Vessels are recorded at cost and are
depreciated to their estimated salvage value on the straight-line basis, using a vessel life of 25&nbsp;years. Each vessel's salvage value is equal to the product of its lightweight
tonnage and an estimated scrap rate per ton. Accumulated depreciation was $113,695,467 and $96,798,531 at December&nbsp;31, 2005 and 2004, respectively. Interest costs are capitalized to vessels
during the period that vessels are under construction. Interest capitalized aggregated $200,803 in 2004 and $3,621,377 in 2003. </FONT></P>


<P><FONT SIZE=2><I>Deferred drydock expenditures  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;18, 2005, the Company entered into a management agreement with Tanker Management&nbsp;Ltd., a subsidiary of OSG, for the technical management
of its seven vessels in exchange for a fee that is fixed for the first two years of the agreement. As part of the management agreement, OSG is responsible for drydocking costs. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior
to October&nbsp;18, 2005, expenditures incurred during a drydocking are deferred and amortized on the straight-line basis over the period until the next scheduled
drydocking, generally two and a half to five years. Expenditures for maintenance and repairs are expensed when incurred. Amortization of capitalized drydock expenditures, which is included in
depreciation and amortization in the combined statements of operations, amounted to $1,028,025 for the period from January&nbsp;1, 2005 through October&nbsp;17, 2005, $976,864 in 2004 and $833,220
in 2003. The unamortized portion of deferred drydocking expenditures, which is included in other assets in the combined balance sheet, was $4,110,010 at December&nbsp;31, 2004. </FONT></P>

<P><FONT SIZE=2><I>Impairment of long-lived assets  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The carrying amounts of long-lived assets held and used are reviewed for potential impairment whenever events or changes in circumstances indicate
that the carrying amount of a particular asset may not be fully recoverable. In such instances, an impairment charge would be recognized if the estimate of the undiscounted future cash flows expected
to result from the use of the asset and its eventual disposition is less than the asset's carrying amount. This assessment is made at the individual vessel level since separately identifiable cash
flow information for each vessel is available. The amount of an impairment charge, if any, would be determined using discounted cash flows. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-10</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=123,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=45749,FOLIO='F-10',FILE='DISK134:[06NYC5.06NYC4565]FM4565A.;13',USER='CARIASB',CD=';9-JAN-2007;13:30' -->
<A NAME="page_fm4565_1_11"> </A>
<BR>

<P><FONT SIZE=2><I>Deferred finance charges  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance charges incurred in the arrangement of debt are deferred and amortized to interest expense on a straight-line basis over the life of the
related debt. Deferred finance charges of $1,567,141 and $437,922 are included in other assets at December&nbsp;31, 2005 and 2004, respectively. Amortization of deferred finance charges amounted to
$35,859 for the period from October&nbsp;18, 2005 to December&nbsp;31, 2005, $437,922 for the period from January&nbsp;1, 2005 through October&nbsp;17, 2005, $46,052 in 2004 and $45,989 in
2003. </FONT></P>

<P><FONT SIZE=2><I>Revenue and expense recognition  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues from time charters and bareboat charters are accounted for as operating leases and are thus recognized ratably over the rental periods of such charters. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voyage
revenues are recognized ratably over the estimated length of each voyage and, therefore, are allocated between reporting periods based on the relative transit time in each period.
In accordance with Staff Accounting Bulletin No.&nbsp;101, "Revenue Recognition in Financial Statements," our predecessor, OSG Crude, did not begin recognizing voyage revenue until a charter had
been agreed to by one of the subsidiaries and the customer, even if the vessel has discharged its cargo and is sailing to the anticipated load port on its next voyage. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
voyage charters, expenses such as fuel, port charges, canal tolls, cargo handling operations and brokerage commissions were paid by OSG Crude whereas, under time and bareboat
charters, such voyage costs were paid by OSG Crude's customers. For voyage charters, time charter equivalent revenues represent shipping revenues less voyage expenses. For time and bareboat charters,
time charter equivalent revenues represent shipping revenues less brokerage commissions, if applicable, which are included in voyage expenses. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
vessels owned by Double Hull Tankers,&nbsp;Inc. and OSG Crude operated in either the Tankers International Pool (VLCCs) or the Aframax International Pool (Aframaxes) during the
three years ended December&nbsp;31, 2005. For vessels operating in such pools, revenues and voyage expenses are pooled and allocated to each pool's participants on a time charter equivalent basis in
accordance with an agreed-upon formula. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ship
operating expenses include voyage expenses. Vessel expenses include crew costs, vessel stores and supplies, lubricating oils, maintenance and repairs, insurance and communication
costs. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
part of the time charters Double Hull Tankers,&nbsp;Inc. has entered into with subsidiaries of OSG with respect to its seven vessels, DHT has the opportunity to earn additional hire
when vessel earnings exceed the basic hire amounts set forth in the charters. Additional hire, if any, is calculated and paid quarterly in arrears and recognized as revenue in the quarter in which it
was earned. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
October&nbsp;18, 2005, Double Hull Tankers,&nbsp;Inc. entered into a management agreement with Tanker Management&nbsp;Ltd., a subsidiary of OSG, for the technical management of
its seven vessels in exchange for a fee that is fixed for the first two years. This management agreement covers, among others, costs related to crewing, maintenance, ordinary repairs, scheduled
drydockings, insurance deductibles and other vessel operating expenses, but excluding insurance premiums. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-11</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=124,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=484679,FOLIO='F-11',FILE='DISK134:[06NYC5.06NYC4565]FM4565A.;13',USER='CARIASB',CD=';9-JAN-2007;13:30' -->
<A NAME="page_fm4565_1_12"> </A>
<BR>

<P><FONT SIZE=2><I>Derivatives  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statement of Financial Accounting Standards No.&nbsp;133, "Accounting for Derivative Investments and Hedging Activities" ("FAS&nbsp;133") requires
DHT,&nbsp;Inc. and OSG Crude to recognize all derivatives on the balance sheet at fair value. If the derivative is an effective hedge, a change in the fair value is either offset against the change
in fair value of the hedged item or recognized in other comprehensive income until the hedged item is recognized in income. The ineffective portion of effective hedges is immediately recognized in
income. Derivatives that are not effective hedges are fully adjusted through income. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Double
Hull Tankers,&nbsp;Inc. and OSG Crude use interest rate swaps to convert interest-bearing debt from floating to fixed rate. The swaps are designated and qualify as a cash flow
hedges. DHT and OSG Crude assumes no ineffectiveness since the interest rate swap meets the conditions required under FAS&nbsp;133 to apply the critical terms method for prepayable debt. </FONT></P>

<P><FONT SIZE=2><I>Common Stock of OSG Crude  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the seven subsidiaries included in the predecessor combined carve-out financials statements had authorized capital of 500 common registered
shares with no par value. Upon incorporation, each subsidiary issued 100 shares to OSG International,&nbsp;Inc., a wholly-owned subsidiary of OSG, in exchange for investment of $100,000. </FONT></P>

<P><FONT SIZE=2><I>Foreign currency  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The functional currency of the Company and each of the vessel subsidiaries is the U.S. dollar. Monetary assets and liabilities denominated in foreign currencies
are translated at the year end exchange rates. Foreign currency revenues and expenses are translated at transaction date exchange rates. Exchange gains and losses are included in the determination of
net income. </FONT></P>

<P><FONT SIZE=2><I>Use of estimates  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and
assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;B&#151;Accounts payable and accrued expenses:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses consist of the following: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="86%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="67%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>December 31,</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="67%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005<BR>
Successor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004<BR>
Predecessor</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="67%"><FONT SIZE=2>Interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,814,905</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,124,928</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="67%"><FONT SIZE=2>Insurance</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>491,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>229,303</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="67%"><FONT SIZE=2>Accounts payable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>82,996</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>131,004</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="67%"><FONT SIZE=2>Other</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>505,546</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>558,021</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="67%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="67%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>3,894,447</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,043,256</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="67%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>F-12</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=125,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=579456,FOLIO='F-12',FILE='DISK134:[06NYC5.06NYC4565]FM4565A.;13',USER='CARIASB',CD=';9-JAN-2007;13:30' -->
<A NAME="page_fm4565_1_13"> </A>

<P><FONT SIZE=2><B>Note&nbsp;C&#151;Debt:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt consists of the following: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="92%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER"><FONT SIZE=1><B>December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="48%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="48%"><FONT SIZE=2>Secured term loan&#151;DHT</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>236,000,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="48%"><FONT SIZE=2>Secured term loan&#151;OSG Crude</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>89,600,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>94,800,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="48%"><FONT SIZE=2>Less current portion</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(5,200,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(5,200,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="48%"><FONT SIZE=2>Long term portion</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>236,000,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>84,400,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>89,600,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
effective interest rate for debt outstanding at December&nbsp;31, 2005 and 2004 was 5.6% and 5.7%, respectively as a result of a related interest rate swaps (see
Note&nbsp;E). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
October&nbsp;18, 2005, DHT entered into a $401,000,000 secured credit facility with The Royal Bank of Scotland for a term of ten years, with no principal amortization for the first
five years. The credit facility consists of a $236,000,000 term loan, a $150,000,000 vessel acquisition facility and a $15,000,000 working capital facility. DHT is the borrower under the credit
facility and each of its seven vessel owning subsidiaries have guaranteed its performance thereunder. The facility is secured by, among other things, first priority mortgage on DHT's seven vessels,
assignment of earnings and insurances and the Company's rights under the time charters for the vessels and the ship management agreements, and a pledge of the balances in the Company's bank accounts.
The credit facility provides that we may not pay dividends if the charter-free market value of our vessels that secure the credit facility is less than 135% of our borrowings under the
facility plus the actual or notional cost of terminating any interest rate swaps that we enter, if there is a continuing default under the credit facility or if the payment of the dividend would
result in a default or breach of a loan covenant. Interest is payable quarterly in arrears. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
borrowed the entire amount available under the $236,000,000 term loan upon the completion of the IPO to fund a portion of the purchase price for the seven vessels that we acquired
from OSG. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowings
under the term loan and the working capital facility bear interest at an annual rate of LIBOR plus a margin of 0.70%. Borrowings under the vessel acquisition portion of the
credit facility bear interest at an annual rate of LIBOR plus a margin of 0.85%. To reduce our exposure to fluctuations in interest rates, we have entered into an interest rate swap pursuant to which
we fixed the interest rate on the full amount of our $236,000,000 term loan at 5.595%. We are required to pay a commitment fee of 0.3% per annum, which will be payable quarterly in arrears, on the
undrawn portion of the facility. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will be required to repay the term loan commencing three months after the fifth anniversary of the facility closing date (October&nbsp;18, 2005) in twenty quarterly installments of
$6,062,500 and a final repayment of $114,750,000 occurring simultaneously with the last quarterly repayment. In addition, the vessel acquisition facility will reduce (with any excess borrowing
becoming repayable at the time of reduction) quarterly commencing three months after the fifth anniversary of the facility closing date in increments of $7,500,000. The working capital facility will
also reduce (with any excess borrowing becoming repayable at the time of reduction) commencing three months after the fifth anniversary of the facility closing date in twenty quarterly installments of
$750,000. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-13</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=126,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=1009234,FOLIO='F-13',FILE='DISK134:[06NYC5.06NYC4565]FM4565A.;13',USER='CARIASB',CD=';9-JAN-2007;13:30' -->
<A NAME="page_fm4565_1_14"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
July&nbsp;10, 2002, OSG Crude borrowed $100,000,000 according to a secured term loan agreement bearing interest at the London interbank offered rate ("LIBOR") plus a margin of 1%.
The loan was guaranteed by OSG and secured by liens on the </FONT><FONT SIZE=2><I>Overseas Chris</I></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><I>Overseas Ann</I></FONT><FONT SIZE=2>. The secured
loan agreement also contained financial covenants applicable to the consolidated financial position of OSG. In July&nbsp;2005, OSG Crude repaid the outstanding balance, $87,000,000 of the secured
term loan, with funds contributed to capital by a wholly-owned subsidiary of OSG. In connection with this transaction, the related floating-to-fixed interest rate swap was
terminated. Accordingly, OSG Crude recognized a loss of approximately $1,471,000 related to such swap termination. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of December&nbsp;31, 2004, approximately 35.6% of the net book amount of the OSG Crude vessels, representing two tankers, was pledged as collateral under the debt agreement. As of
December&nbsp;31, 2005, all of the net book amount of DHT's seven vessels, is pledged as collateral under the debt agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
carrying amounts of the loans approximate their fair value. </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;D&#151;Loans payable to wholly-owned subsidiary of OSG:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The loans payable to a wholly-owned subsidiary of OSG consisted of amounts due under a floating rate revolving credit facility. Such facility, which had no stated
maturity and accordingly, had been classified as a long-term liability, provided for borrowings of up to $450,000,000. Borrowings bore interest based on the short-term
Applicable Federal Rate published quarterly by the Internal Revenue Service of the United States. Interest was compounded quarterly. The effective interest rate on borrowings outstanding at
December&nbsp;31, 2004 was 2.8%. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the second quarter of 2005, the wholly-owned subsidiary of OSG made a capital contribution of $114,320,169, which was deemed effective April&nbsp;1, 2005, to OSG Crude, reducing
loans payable to the wholly-owned subsidiary to zero. </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;E&#151;Derivatives:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of December&nbsp;31, 2005, DHT is party to a floating-to-fixed interest rate swap that is being accounted for as a cash flow hedge
with a notional amount of $236,000,000 pursuant to which DHT pays a fixed rate of 5.6% and receives a floating rate based on LIBOR. The swap expires on October&nbsp;18, 2010. As of
December&nbsp;31, 2005, DHT has recorded a liability of $806,777 in unrealized loss on interest rate swap related to the fair value of the swap. This unrealized loss has been charged to accumulated
other comprehensive income/(loss). The fair value of interest rate swaps is the estimated amount that DHT would receive or pay to terminate the agreement at the reporting date. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OSG
Crude was a party to a floating-to-fixed interest rate swap that was being accounted for as a cash flow hedge with a notional amount of $87,000,000 pursuant
to which it paid a fixed rate of 4.58% and received a floating rate based on LIBOR. At December&nbsp;31, 2004, OSG Crude recorded a liability of $1,300,480 in deferred credits and other liabilities
related to the fair value of the swap. The fair value of interest rate swaps is the estimated amount that OSG Crude would receive or pay to terminate the agreement at the reporting date. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-14</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=127,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=706483,FOLIO='F-14',FILE='DISK134:[06NYC5.06NYC4565]FM4565A.;13',USER='CARIASB',CD=';9-JAN-2007;13:30' -->
<A NAME="page_fm4565_1_15"> </A>
<BR>

<P><FONT SIZE=2><B>Note&nbsp;F&#151;Accumulated other comprehensive income/(loss):  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The components of the change in the accumulated unrealized loss on derivative instruments follow: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="99%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="38%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Year ended December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="38%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>October 18 to<BR>
December&nbsp;31<BR>
Successor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>January 1 to<BR>
October 17<BR>
Predecessor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004<BR>
Predecessor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2003<BR>
Predecessor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="38%"><FONT SIZE=2>Reclassification adjustments for interest expense included in net income/(loss)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>2,895,492</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>895,880</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="38%"><FONT SIZE=2>(Increase) / decrease in unrealized loss on derivative instruments:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(806,778</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,300,480</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(2,391,849</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(1,116,033</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="38%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(806,778</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,300,480</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>503,643</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(220,153</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
components of accumulated other comprehensive income (loss) in the consolidated balance sheet follow: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="86%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="66%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>December 31,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="66%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005<BR>
Successor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2004<BR>
Predecessor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="66%"><FONT SIZE=2>Unrealized losses on derivative instruments</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(806,778</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(1,300,480</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="66%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="66%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(806,778</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(1,300,480</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="66%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Note&nbsp;G&#151;Taxes:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No income taxes have been provided herein because DHT and the predecessor company, OSG Crude, comprise foreign corporations that would not be subject to United
States federal income taxes. Further, neither DHT nor OSG Crude is subject to income taxes imposed by the Marshall Islands, the country in which they are incorporated. </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;H&#151;Stock Compensation:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the IPO, the Company awarded a total of 6,250 shares of restricted common stock to its CEO and CFO. These shares are
non-transferable until they vest, which occurs ratably over a four-year period. The aggregate fair market value of the shares on the grant date, $75,000, is being amortized to
compensation expense over the vesting period of four years, using the straight-line method. In addition, also in connection with the IPO, the Company awarded its CEO and CFO stock options
to purchase a total of 69,448 shares of common stock at an exercise price of $12.00 per share. These stock options vest ratably over a three-year period and expire ten years from the date
of grant. The Company follows Financial Accounting Standards Board Statement No.&nbsp;123 (R), "Share-Based Payment" and related Interpretations in accounting for its stock-based compensation. The
fair value of the options granted were estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: risk free interest rate of 4.69%,
dividend yield of 10.42%, expected stock price volatility of 0.31 and expected life of 6&nbsp;years. The aggregate fair market value of the stock options on the grant date, $75,000, is being
amortized to compensation expense over the vesting period of three years, using the straight-line method. Total stock-based compensation expense was $8,989 for the period from
October&nbsp;18, 2005 to December&nbsp;31, 2005. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-15</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=8,SEQ=128,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=1004033,FOLIO='F-15',FILE='DISK134:[06NYC5.06NYC4565]FM4565A.;13',USER='CARIASB',CD=';9-JAN-2007;13:30' -->
<A NAME="page_fm4565_1_16"> </A>
<BR>

<P><FONT SIZE=2><B>Note&nbsp;I&#151;Pooling arrangements:  </B></FONT></P>

<P><FONT SIZE=2><I>Tankers International Pool  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December&nbsp;1999, the Tankers International Pool ("Tankers") was established to pool VLCC fleets. Tankers, which commenced operations in
February&nbsp;2000, commercially managed a fleet of 47 modern VLCCs as of December&nbsp;31, 2005. Tankers was formed to meet the global transportation requirements of international oil companies
and other major customers. All three of DHT's VLCCs participate in the Tankers pool. </FONT></P>


<P><FONT SIZE=2><I>Aframax International Pool  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since 1996, OSG and PDV Marina S.A., the marine transportation subsidiary of the Venezuelan state-owned oil company, have pooled the commercial management of
their Aframax fleets. The pool commercially managed a fleet of 36 modern Aframaxes as of December&nbsp;31, 2005, which generally trade in the Atlantic Basin, North Sea and the Mediterranean. All
four of DHT's Aframaxes trade in this pool. </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;J&#151;Charters-out:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The future minimum revenues expected to be received on the time charters for our seven vessels and the related revenue days (revenue days represent calendar days,
less days that vessels are not available for employment due to repairs or drydock) are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="81%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="68%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Amount</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>Revenue Days</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="68%"><FONT SIZE=2>2006</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>71,211,200</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,524</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="68%"><FONT SIZE=2>2007</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>71,276,500</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,511</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="68%"><FONT SIZE=2>2008</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>73,090,200</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,562</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="68%"><FONT SIZE=2>2009</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>73,146,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,555</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="68%"><FONT SIZE=2>2010</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>70,830,200</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,407</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="68%"><FONT SIZE=2>Thereafter</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>48,044,100</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,455</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="68%"><FONT SIZE=2>Net minimum charter payments</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>407,598,200</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>14,014</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="68%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
minimum revenues do not include any additional hire from the profit sharing component of the charter agreements. Revenues from a time charter are not received when a vessel is
off-hire, including time required for normal periodic maintenance of the vessel. In arriving at the minimum future charter revenues, an estimated time off-hire to perform
periodic maintenance on each vessel has been deducted, although there is no assurance that such estimate will be reflective of the actual off-hire in the future. </FONT></P>


<P><FONT SIZE=2><B>Note&nbsp;K&#151;Subsequent event:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In February&nbsp;2006, DHT declared a dividend of $12,902,688 or $0.43 per share, and paid that dividend on March&nbsp;24, 2006 to stockholders of record as
of March&nbsp;10, 2006. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-16</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=129,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=334129,FOLIO='F-16',FILE='DISK134:[06NYC5.06NYC4565]FM4565A.;13',USER='CARIASB',CD=';9-JAN-2007;13:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fo4565_1_17"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fo4565_double_hull_tankers,_inc._cons__dou03004"> </A>
<A NAME="toc_fo4565_1"> </A>
<BR>

</FONT>

<FONT SIZE=2><B>Double Hull Tankers,&nbsp;Inc.<BR>  Consolidated Balance Sheets<BR>  as of September&nbsp;30, 2006 and December&nbsp;31, 2005

    <BR>    </B></FONT>

</P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="87%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>September 30, 2006<BR>
(unaudited)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December&nbsp;31, 2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=3 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>(Dollars in thousands<BR>
except per share amounts)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2><B>ASSETS</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2><B>Current assets</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Cash and cash equivalents</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>16,840</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>15,893</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Voyage receivables from OSG</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>4,306</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>5,506</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Unrealized gain on interest rate swap</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>1,596</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Prepaid expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>117</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>281</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Prepaid technical management fee to OSG</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>1,324</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1,324</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="57%"><FONT SIZE=2><B>Total current assets</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>24,183</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>23,004</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Vessels, net of accumulated depreciation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>326,840</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>339,491</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Other assets, including deferred debt issuance cost</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>1,447</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1,567</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="57%"><FONT SIZE=2><B>Total assets</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>352,470</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>364,062</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2><B>LIABILITIES AND STOCKHOLDERS' EQUITY</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2><B>Current liabilities</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Accounts payable and accrued expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>3,522</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>3,895</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Unrealized loss on interest rate swap</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>807</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Deferred shipping revenues</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>6,126</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>6,126</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="57%"><FONT SIZE=2><B>Total current liabilities</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>9,648</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>10,828</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=3><FONT SIZE=2>Long term debt</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>236,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>236,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=2><B>Stockholders' equity</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Preferred stock ($0.01 par value, 1,000,000 shares authorized, none issued or outstanding)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Common stock ($0.01 par value, 100,000,000 authorized, 30,006,250 shares issued and outstanding)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>300</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Paid-in additional capital</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>108,347</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>108,272</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Accumulated earnings/(deficit)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(3,421</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>9,469</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Accumulated other comprehensive income/(loss)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>1,596</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>(807</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="57%"><FONT SIZE=2><B>Total stockholders' equity</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>106,822</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>117,234</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="57%"><FONT SIZE=2><B>Total liabilities and stockholders' equity</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>352,470</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>364,062</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>See
notes to consolidated financial statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-17</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=130,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=594632,FOLIO='F-17',FILE='DISK134:[06NYC5.06NYC4565]FO4565A.;9',USER='OALBERT',CD=';9-JAN-2007;13:58' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fq4565_1_18"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fq4565_double_hull_tankers,_inc._cons__dou04185"> </A>
<A NAME="toc_fq4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>Double Hull Tankers,&nbsp;Inc.<BR>  Consolidated and Predecessor Combined Carve-Out<BR>  Statements of Operations (Unaudited)</B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="82%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Nine months ended September&nbsp;30,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Successor<BR>
2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Predecessor<BR>
2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>(Dollars in thousands<BR>
except per share amounts)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Shipping Revenues</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>64,860</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>79,572</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><BR><FONT SIZE=2><B>Ship Operating Expenses:</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Voyage expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>290</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Vessel expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>14,041</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>12,991</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Depreciation and amortization</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>12,651</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>13,559</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>General and administrative (For 2005: allocated from Overseas Shipholding Group, Inc.)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,668</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>5,125</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Total Ship Operating Expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>28,360</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>31,965</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=2>Income from Vessel Operations</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>36,500</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>47,607</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Other Expense</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
(1,471</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Interest Expense to a Wholly-owned Subsidiary of OSG</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(574</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Interest Income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>681</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Interest Expense and Amortization of Deferred Debt Issuance Costs</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(10,463</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(3,022</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Income before Income Taxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>26,718</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>42,540</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Provision for Income Taxes</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=2>Net Income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>26,718</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>42,540</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Basic Net Income per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
0.89</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
60,770.36</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Diluted Net Income per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
0.89</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
60,770.36</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Shares Used in Computing Basic Net Income per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2><BR>
30,006,250</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2><BR>
700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Shares Used in Computing Diluted Net Income per Share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>30,014,089</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>700</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>See
notes to consolidated financial statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-18</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=131,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=522437,FOLIO='F-18',FILE='DISK134:[06NYC5.06NYC4565]FQ4565A.;14',USER='WWASSER',CD='12-JAN-2007;12:34' -->
<A NAME="page_fq4565_1_19"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fq4565_double_hull_tankers,_inc._cons__dou03630"> </A>
<A NAME="toc_fq4565_2"> </A>
<BR></FONT><FONT SIZE=2><B>Double Hull Tankers,&nbsp;Inc.<BR>  Consolidated Statement of Changes in Stockholders' Equity (Unaudited)    <BR>    </B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=4 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Common Stock</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Paid-in<BR>
Additional<BR>
Capital</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Accumulated<BR>
Earnings/<BR>
(Deficit)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Accumulated Other<BR>
Comprehensive<BR>
Income/(Loss)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>Shares</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Amount</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Total</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="29%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=16 ALIGN="CENTER"><FONT SIZE=1><B>(Dollars in thousands)<BR> </B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=2>Balance at January 1, 2006</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>30,006,250</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>108,272</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>9,469</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>(807</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>117,234</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=2>Net Income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>26,718</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>26,718</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=2>Other Comprehensive Income, effect of derivative instruments</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>2,403</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>2,403</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="29%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=2>Other Comprehensive Income</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>29,121</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="29%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=2>Cash Dividends Declared</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(39,608</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>(39,608</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=2>Deferred Compensation Related to Options and Restricted Stock Granted</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>75</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>75</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="29%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="29%"><FONT SIZE=2>Balance at September&nbsp;30, 2006</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>30,006,250</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=2>300</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>108,347</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(3,421</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,596</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>106,822</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="29%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>See notes to consolidated financial statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-19</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=132,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=304406,FOLIO='F-19',FILE='DISK134:[06NYC5.06NYC4565]FQ4565A.;14',USER='WWASSER',CD='12-JAN-2007;12:34' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fs4565_1_20"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fs4565_double_hull_tankers,_inc._cons__dou04108"> </A>
<A NAME="toc_fs4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>Double Hull Tankers,&nbsp;Inc.    <BR>    <BR>    Consolidated and Predecessor Combined Carve-Out Statements of Cash Flow    <BR>    <BR>    (Unaudited)    <BR>    </B></FONT></P>




<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="81%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Nine months ended September 30,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006<BR>
Successor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005<BR>
Predecessor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>(Dollars in thousands)<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><B>Cash Flows from Operating Activities:</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>26,718</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>42,540</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Items included in net income not affecting cash flows:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%"><FONT SIZE=2>Depreciation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>12,651</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>12,633</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%"><FONT SIZE=2>Amortization, including deferred finance charges</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>120</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,346</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%"><FONT SIZE=2>Deferred compensation related to options and restricted stock granted</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>75</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Expenditures of drydocking</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(171</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Changes in operating assets and liabilities:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%"><FONT SIZE=2>Receivables</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>1,200</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>15,836</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%"><FONT SIZE=2>Prepaid expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>164</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>197</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%"><FONT SIZE=2>Other assets</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="62%"><FONT SIZE=2>Accounts payable and accrued expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(373</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(1,104</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net cash provided by operating activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>40,555</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>71,277</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><BR><FONT SIZE=2><B>Cash Flows from Investing Activities:</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Expenditures for vessels</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(817</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net cash (used in) investing activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(817</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><BR><FONT SIZE=2><B>Cash Flows from Financing Activities:</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Repayment of loan from OSG</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(55,931</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Intercompany transfers</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>75,071</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Cash dividends paid</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(39,608</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Repayment of long-term debt</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(89,600</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net cash (used in) financing activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>(39,608</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(70,460</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net increase in cash and cash equivalents</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>947</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Cash and cash equivalents at beginning of period</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>15,893</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Cash and cash equivalents at end of period</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>16,840</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Interest Paid</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="11%" ALIGN="RIGHT"><FONT SIZE=2>10,259</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>4,147</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>See
notes to consolidated financial statements. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-20</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=133,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=529603,FOLIO='F-20',FILE='DISK134:[06NYC5.06NYC4565]FS4565A.;9',USER='NDEWIND',CD='11-JAN-2007;19:23' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_fu4565_1_21"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="fu4565_notes_to_double_hull_tankers,___not04004"> </A>
<A NAME="toc_fu4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>NOTES TO DOUBLE HULL TANKERS,&nbsp;INC.<BR>  CONSOLIDATED AND PREDECESSOR<BR>  COMBINED CARVE-OUT FINANCIAL STATEMENTS    <BR>    </B></FONT></P>

<P><FONT SIZE=2><B>General  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Double Hull Tankers,&nbsp;Inc. ("DHT" or the "Company") was incorporated on April&nbsp;14, 2005 under the laws of Marshall Islands as a wholly owned indirect
subsidiary of Overseas Shipholding Group,&nbsp;Inc. ("OSG"). In October&nbsp;2005, the Company completed its initial public offering ("IPO") by issuing and selling to the public 16,000,000 common
shares, par value $0.01 per share, at a price to the public of $12.00 per share, raising gross proceeds of $192&nbsp;million before deduction of underwriting discounts, commissions and expenses of
approximately $13.8&nbsp;million. On the date of the IPO the Company also raised $236&nbsp;million of secured debt (before expenses of approximately $1.6&nbsp;million). Simultaneously with the
IPO, the Company acquired seven double hull tankers consisting of three very large crude carriers, or VLCCs, and four Aframax vessels (the "Vessels") from subsidiaries of OSG in exchange for cash and
shares of its common stock. The Company chartered these vessels back to subsidiaries of OSG. The aggregate purchase price for the vessels was $580.6&nbsp;million, of which $412.6&nbsp;million was
in the form of cash and $168&nbsp;million in the form of common stock. The Company treated the excess of the purchase price over OSG's $343.0&nbsp;million aggregate book value of the vessels, or
$237.6&nbsp;million, as a deemed dividend to OSG. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subsequent to the IPO, an aggregate of 648,500 of these shares were sold by a subsidiary of OSG, in connection with the underwriters' exercise of their over-allotment option.
The Company did not receive any proceeds from the sale of the over-allotment shares. As of September&nbsp;30, 2006 and December&nbsp;31, 2005, OSG beneficially owned approximately
44.5% of our outstanding common stock.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
vessels are owned by seven Marshall Islands subsidiaries of the Company. The primary activity of each of the vessel subsidiaries is the ownership and operation of a vessel. The
following table sets out the details of the vessel subsidiaries included in these consolidated financial statements: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="83%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="38%" ALIGN="LEFT"><FONT SIZE=1><B>Company<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="19%" ALIGN="CENTER"><FONT SIZE=1><B>Vessel name</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>Dwt</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="18%" ALIGN="CENTER"><FONT SIZE=1><B>Flag State</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=1><B>Year Built</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Chris Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><I>Overseas Chris</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>309,285</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2001</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Ann Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><I>Overseas Ann</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>309,327</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2001</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Regal Unity Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><I>Regal Unity</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>309,966</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1997</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Cathy Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><I>Overseas Cathy</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>112,028</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2004</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Sophie Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><I>Overseas Sophie</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>112,045</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>2003</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Ania Aframax Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><I>Ania</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>94,848</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1994</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Rebecca Tanker Corporation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><I>Rebecca</I></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>94,873</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="RIGHT"><FONT SIZE=2>Marshall Islands</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>1994</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective
October&nbsp;18, 2005, the Company chartered the vessels to subsidiaries of OSG for terms of five to six and one-half years at basic hire amounts which are
essentially fixed. In addition,
the time charter arrangements include a profit sharing component that gives us the opportunity to earn additional hire when vessel earnings exceed the basic hire amounts set forth in the charters. Our
vessels are operated in the Tankers International Pool and the Aframax International Pool and we expect our potential to earn additional hire will benefit from the utilization rates realized by these
pools. In a pooling arrangement, the net revenues generated by all of the vessels in a pool are aggregated and distributed to pool members pursuant to a pre-arranged weighting system that
recognizes each vessel's earnings capacity based on its cargo capacity, speed and fuel consumption, and actual on-hire performance. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
time charter may be renewed by OSG on one or more successive occasions for periods of one, two or three years, up to an aggregate of five, six or eight years, depending on the
vessel. If a time charter is renewed, the charter terms providing for profit sharing will remain in effect and the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-21</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>

<!-- ZEQ.=1,SEQ=134,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=850170,FOLIO='F-21',FILE='DISK134:[06NYC5.06NYC4565]FU4565A.;18',USER='NDEWIND',CD='11-JAN-2007;22:58' -->
<A NAME="page_fu4565_1_22"> </A>
<BR>

<P><FONT SIZE=2>charterer,
at the time of exercise, will have the option to select a basic charter rate that is equal to (i)&nbsp;5% above the published one-, two- or three-year
time charter rate (corresponding to the extension length) for the vessel's class, as decided by a shipbrokers panel, or (ii)&nbsp;the basic hire rate set forth in the applicable charter. The
shipbrokers panel will be The Association of Shipbrokers and Agents Tanker Broker Panel or another panel of brokers mutually acceptable to us and OSG. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective
October&nbsp;18, 2005, the Company also entered into ship management agreements with Tanker Management&nbsp;Ltd., a wholly owned subsidiary of OSG. The ship management
agreements provide for the technical management of the Vessels. The basic hire rate for each of the Vessels and the technical management fee are payable monthly in advance. The basic hire will
increase annually by an amount approximately equal to the annual increase in the fee payable under the applicable ship management agreement. </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;A&#151;Basis of presentation  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The accompanying unaudited Double Hull Tankers,&nbsp;Inc. consolidated and predecessor combined carve-out financial statements as of
September&nbsp;30, 2006 (successor) and for the nine months ended September&nbsp;30, 2006 (successor) and September&nbsp;30, 2005 (predecessor) have been prepared in accordance with generally
accepted accounting principles for interim financial information and with the instructions to Form&nbsp;6-K and Article&nbsp;10 of Regulation&nbsp;S-X. They do not
include all of the information and footnotes required by generally accepted accounting principles. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included. Operating results for the nine months ended September&nbsp;30, 2006 are not necessarily indicative of the results that may be expected for the
year ended December&nbsp;31, 2006.

 </FONT>

</P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
balance sheet at December&nbsp;31, 2005 has been derived from the audited financial statements at that date, but does not include all of the information and footnotes required by
generally accepted accounting principles for complete financial statements. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
further information, refer to the consolidated financial statements and footnotes thereto included in the Company's consolidated financial statements for the year ended
December&nbsp;31, 2005 included elsewhere in this prospectus. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The accompanying predecessor combined carve-out financial statements for the nine months ended September&nbsp;30, 2005 include the accounts of seven wholly-owned
subsidiaries of OSG. Such subsidiaries (collectively "OSG Crude"), which are incorporated in the Marshall Islands, owned a fleet consisting of seven modern tankers prior to the IPO. These predecessor
combined carve-out financial statements have been prepared to reflect the financial position, results of operations and cash flows of OSG Crude, which owned the vessels which were acquired
by DHT on October&nbsp;18, 2005.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements include the assets and liabilities of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated
upon consolidation or combination. For the period from January&nbsp;1, 2005 through September&nbsp;30, 2005, the predecessor combined carve-out financial statements presented herein
have been carved out of the financial statements of OSG. The results of operations, and cash flows of the predecessor were carved out of the consolidated financial statements of OSG using specific
identification. In the preparation of these predecessor carve-out financial statements, general and administrative expenses were not

</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-22</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=135,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=871569,FOLIO='F-22',FILE='DISK134:[06NYC5.06NYC4565]FU4565A.;18',USER='NDEWIND',CD='11-JAN-2007;22:58' -->
<A NAME="page_fu4565_1_23"> </A>
<BR>

<P><FONT SIZE=2>


identifiable as relating solely to the vessels. General and administrative expenses, consisting primarily of salaries and other employee related costs, office rent, legal and professional fees, and
travel and entertainment were allocated based on OSG Crude's proportionate share of OSG's total ship-operating (calendar) days for each of the periods presented. Management believes these
allocations to reasonably present the results of operations and cash flows of OSG Crude. However, the predecessor combined carve-out statements of operations and cash flow may not be
indicative of those that would have been realized had OSG Crude operated as an independent stand-alone entity for the periods presented. Had OSG Crude operated as an independent stand-alone entity,
its results could have differed significantly from those presented herein.

 </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;B&#151;Accounts payable and accrued expenses:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses consist of the following: </FONT></P>




<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="71%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="61%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>September 30, 2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December 31, 2005</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="61%"><FONT SIZE=2>Interest</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>2,708,343</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>2,814,905</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="61%"><FONT SIZE=2>Insurance</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>335,349</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>491,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="61%"><FONT SIZE=2>Accounts payable</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>169,427</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>82,996</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="61%"><FONT SIZE=2>Other</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>309,440</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>505,546</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="61%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>3,522,559</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>3,894,447</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE></DIV>

<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Note&nbsp;C&#151;Debt:  </B></FONT></P>

<P>

<FONT SIZE=2>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;18, 2005, DHT entered into a $401,000,000 secured credit facility with The Royal Bank of Scotland for a term of ten years, with no principal
amortization for the first five years. The credit facility consists of a $236,000,000 term loan, a $150,000,000 vessel acquisition facility and a $15,000,000 working capital facility. DHT is the
borrower under the credit facility and each of its seven vessel owning subsidiaries have guaranteed its performance thereunder. The facility is secured by, among other things, first priority mortgage
on DHT's seven vessels, assignment of earnings and insurances and the Company's rights under the time charters for the vessels and the ship management agreements, and a pledge of the balances in the
Company's bank accounts. The credit facility provides that we may not pay dividends if the charter-free market value of our vessels that secure the credit





facility is less than 135% of our borrowings under the facility plus the actual or notional cost of terminating any interest rate swaps that we enter, if there is a continuing default under the credit
facility or if the payment of the dividend would result in a default or breach of a loan covenant. Interest is payable quarterly in arrears.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
borrowed the entire amount available under the $236,000,000 term loan upon the completion of the IPO to fund a portion of the purchase price for the seven vessels that we acquired
from OSG. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The effective interest rate for debt outstanding at September&nbsp;30, 2006 and December&nbsp;31, 2005 was 5.6% as a result of the related five-year interest rate swap (see
Note&nbsp;E below).

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrowings
under the term loan and the working capital facility bear interest at an annual rate of LIBOR plus a margin of 0.70%. Borrowings under the vessel acquisition portion of the
credit facility bear interest at an annual rate of LIBOR plus a margin of 0.85%. To reduce our exposure to </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-23</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=136,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=607337,FOLIO='F-23',FILE='DISK134:[06NYC5.06NYC4565]FU4565A.;18',USER='NDEWIND',CD='11-JAN-2007;22:58' -->
<A NAME="page_fu4565_1_24"> </A>
<BR>

<P><FONT SIZE=2>fluctuations
in interest rates, we have entered into an interest rate swap pursuant to which we fixed the interest rate on the full amount of our $236,000,000 term loan at 5.595%. We are required to
pay a commitment fee of 0.3% per annum, which will be payable quarterly in arrears, on the undrawn portion of the facility. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
will be required to repay the term loan commencing three months after the fifth anniversary of the facility closing date (October&nbsp;18, 2005) in twenty quarterly installments of
$6,062,500 and a final repayment of $114,750,000 occurring simultaneously with the last quarterly repayment. In addition, the vessel acquisition facility will reduce (with any excess borrowing
becoming repayable at the time of reduction) quarterly commencing three months after the fifth anniversary of the facility closing date in increments of $7,500,000. The working capital facility will
also reduce (with any excess borrowing becoming repayable at the time of reduction) commencing three months after the fifth anniversary of the facility closing date in twenty quarterly installments of
$750,000. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of September&nbsp;30, 2006, all of the net book amount of DHT's seven vessels, is pledged as collateral under the debt agreement.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
July&nbsp;10, 2002, OSG Crude borrowed $100,000,000 according to a secured term loan agreement bearing interest at the London interbank offered rate ("LIBOR") plus a margin of 1%.
The loan was guaranteed by OSG and secured by liens on the </FONT><FONT SIZE=2><I>Overseas Chris</I></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><I>Overseas Ann</I></FONT><FONT SIZE=2>. The secured
loan agreement also contained financial covenants applicable to the consolidated financial position of OSG. </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In July&nbsp;2005, OSG Crude repaid the outstanding balance, $87,000,000 of the secured term loan, with funds advanced by a wholly-owned subsidiary of OSG. In connection with this
transaction, the related floating-to-fixed interest rate swap was terminated. Accordingly, OSG Crude recognized a loss of approximately $1,471,000 related to such swap
termination.

 </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
carrying amounts of the loans approximate their fair value. </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;D&#151;Loans payable to wholly-owned subsidiary of OSG:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The loans payable to a wholly-owned subsidiary of OSG consisted of amounts due under a floating rate revolving credit facility. Such facility, which had no stated
maturity and accordingly, had been classified as a long-term liability, provided for borrowings of up to $450,000,000. Borrowings bore interest based on the short-term
Applicable Federal Rate published quarterly by the Internal Revenue Service of the United States. Interest was compounded quarterly. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the second quarter of 2005, the wholly-owned subsidiary of OSG made a capital contribution of $114,320,169, which was deemed effective April&nbsp;1, 2005, to OSG Crude, reducing
loans payable to the wholly-owned subsidiary to zero. </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;E&#151;Derivatives:  </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of September&nbsp;30, 2006, DHT is party to a floating-to-fixed interest rate swap that is being accounted for as a cash flow hedge
with a notional amount of $236,000,000 pursuant to which DHT pays a fixed rate of 5.6% and receives a floating rate based on LIBOR. The swap expires on October&nbsp;18, 2010. As of
September&nbsp;30, 2006, DHT has recorded an asset of $1,595,952 related to the fair value of the swap. This unrealized gain has been credited to accumulated other comprehensive

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>F-24</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=137,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=239024,FOLIO='F-24',FILE='DISK134:[06NYC5.06NYC4565]FU4565A.;18',USER='NDEWIND',CD='11-JAN-2007;22:58' -->
<A NAME="page_fu4565_1_25"> </A>
<BR>

<P><FONT SIZE=2>


income/(loss). The fair value of interest rate swaps is the estimated amount that DHT would receive or pay to terminate the agreement at the reporting date.


</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OSG
Crude was a party to a floating-to-fixed interest rate swap that was being accounted for as a cash flow hedge with a notional amount of $87,000,000 pursuant
to which it paid a fixed rate of 4.58% and received a floating rate based on LIBOR. See Note&nbsp;C. </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;F&#151;Accumulated other comprehensive income/(loss):  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The components of the change in the accumulated unrealized gain/(loss) on derivative instruments follow: </FONT></P>




<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="61%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>Nine months ended September 30,</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="61%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2006<BR>
Successor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>2005<BR>
Predecessor</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="61%"><FONT SIZE=2>Movement in unrealized gain/(loss) on derivative instruments</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>2,402,730</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>(647,500</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>

<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
components of accumulated other comprehensive income/(loss) in the consolidated balance sheets follow: </FONT></P>




<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="71%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="61%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>September 30, 2006</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>December 31, 2005</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="61%"><FONT SIZE=2>Unrealized gains/(losses) on derivative instruments</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,595,952</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>(806,778</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="61%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>

<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2><B>Note&nbsp;G&#151;Taxes:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No income taxes have been provided herein because DHT and the predecessor company, OSG Crude, comprise foreign corporations that would not be subject to United
States federal income taxes. Further, neither DHT nor OSG Crude is subject to income taxes imposed by the Marshall Islands, the country in which they are incorporated. </FONT></P>

<P><FONT SIZE=2><B>Note&nbsp;H&#151;Stock Compensation:  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the IPO, the Company awarded a total of 6,250 shares of restricted common stock to its CEO and CFO. These shares are
non-transferable until they vest, which occurs ratably over a four-year period. The aggregate fair market value of the shares on the grant date, $75,000 is being amortized to
compensation expense over the vesting period of four years, using the straight-line method. In addition, also in connection with the IPO, the Company awarded its CEO and CFO stock options
to purchase a total of 69,448 shares of common stock at an exercise price of $12.00 per share. These stock options vest ratably over a three-year period and expire ten years from the date
of grant. The Company follows Financial Accounting Standards Board Statement No.&nbsp;123 (R), "Share-Based Payment" and related Interpretations in accounting for its stock-based compensation. The
fair value of the options granted were estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions: risk free interest rate of 4.69%,
dividend yield of 10.42%, expected stock price volatility of 0.31 and expected life of 6&nbsp;years. The aggregate fair market value of the stock options on the grant date, $75,000, is being
amortized to compensation expense over the vesting period of three years, using the straight-line method. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>F-25</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=138,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=116405,FOLIO='F-25',FILE='DISK134:[06NYC5.06NYC4565]FU4565A.;18',USER='NDEWIND',CD='11-JAN-2007;22:58' -->
<A NAME="page_fu4565_1_26"> </A>
<BR>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company awarded a total of 24,396 shares of restricted common stock to its CEO and CFO on November 8, 2006. These restricted shares vest, subject to certain restrictions, in three
equal amounts in May 2007, May 2008 and May 2009. At the date of the award, the fair market value of the Company's common stock was $13.89 per share. The aggregate fair market value of the shares on
the grant date will be amortized to expense from November 2006 to May 2009.

 </FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company awarded 3,000 shares of restricted common stock to its directors on May&nbsp;10, 2006. These restricted shares vested on October&nbsp;18, 2006. At the date of the award,
the fair market value of the



Company's common stock was $12.79 per share. The aggregate fair market value of the shares on the grant date, $38,370, has been amortized to expense over five months, using the
straight-line method.

</FONT></P>

<P><FONT SIZE=2>


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company awarded a total of 10,842 shares of restricted common stock to its directors on November&nbsp;8, 2006. These restricted shares vest, subject to certain restrictions, in
three equal amounts in May&nbsp;2007, May&nbsp;2008 and May&nbsp;2009. At the date of the award, the fair market value of the Company's common stock was $13.89 per share. The aggregate fair
market value of the shares on the grant date will be amortized to expense from November&nbsp;2006 to May&nbsp;2009.

 </FONT></P>

<P>



<FONT SIZE=2><B>Note&nbsp;I&#151;Subsequent Event:

 </B></FONT>

</P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In November 2006, the Company declared a dividend of $0.42 per share, or $12.6&nbsp;million, and paid that dividend on December&nbsp;6, 2006.

</FONT>

</P>

<P ALIGN="CENTER"><FONT SIZE=2>F-26</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=139,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=397084,FOLIO='F-26',FILE='DISK134:[06NYC5.06NYC4565]FU4565A.;18',USER='NDEWIND',CD='11-JAN-2007;22:58' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g455847.jpg" ALT="logo" WIDTH="327" HEIGHT="229">
  </B></FONT></P>

<P>


<FONT SIZE=2>Until&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2007, all dealers that buy, sell or trade in our common stock, whether or not participating in this offering, may be required to deliver a prospectus.
This is in addition to a dealer's obligation to deliver a prospectus when acting as an underwriter and with respect to any unsold allotments or subscription.

</FONT>

</P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=140,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=136498,FOLIO='blank',FILE='DISK134:[06NYC5.06NYC4565]HO4565A.;4',USER='CARIASB',CD=';9-JAN-2007;13:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ja4565_1_1"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ja4565_part_ii_information_not_required_in_prospectus"> </A>
<A NAME="toc_ja4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>PART II<BR>  INFORMATION NOT REQUIRED IN PROSPECTUS    <BR>    </B></FONT></P>

<P><FONT SIZE=2><B>Item 6. Indemnification of Directors and Officers.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our bylaws provide that we shall, subject to the limitations contained in the Marshall Islands Business Corporation Act, as amended from time to time, indemnify
all persons whom it may indemnify pursuant thereto. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with an underwriter offering, the Underwriting Agreement, which would be filed as Exhibit&nbsp;1.1, may provide that the underwriters named therein will indemnify us and
hold us harmless and each of our directors, officers or controlling persons from and against certain liabilities, including liabilities under the Securities Act. The Underwriting Agreement may also
provide that such underwriters will contribute to certain liabilities of such persons under the Securities Act. </FONT></P>


<P><FONT SIZE=2><B>Item 7. Recent Sales of Unregistered Securities.  </B></FONT></P>

<P><FONT SIZE=2>None. </FONT></P>

<P><FONT SIZE=2><B>Item 8. Exhibits and Financial Statement Schedules.  </B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>Exhibits </FONT>

</DD></DL>
<BR>


<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="79%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="10%" ALIGN="LEFT"><FONT SIZE=1><B>Exhibit Number<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="88%" ALIGN="CENTER"><FONT SIZE=1><B>Description</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Form of Underwriting Agreement****</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Amended and Restated Articles of Incorporation of Double Hull Tankers, Inc.**</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Bylaws of Double Hull Tankers, Inc.**</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>4.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Registration Rights Agreement**</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>5.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Opinion of Reeder &amp; Simpson PC****</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>8.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Tax Opinion of Cravath, Swaine &amp; Moore LLP*</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Form of Credit Agreement**</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.2.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Memorandum of Agreement&#151;</FONT><FONT SIZE=2><I>Overseas Ann**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.2.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Memorandum of Agreement&#151;</FONT><FONT SIZE=2><I>Overseas Chris**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.2.3</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Memorandum of Agreement&#151;</FONT><FONT SIZE=2><I>Regal Unity**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.2.4</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Memorandum of Agreement&#151;</FONT><FONT SIZE=2><I>Overseas Cathy**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.2.5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Memorandum of Agreement&#151;</FONT><FONT SIZE=2><I>Overseas Sophie**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.2.6</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Memorandum of Agreement&#151;</FONT><FONT SIZE=2><I>Rebecca**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.2.7</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Memorandum of Agreement&#151;</FONT><FONT SIZE=2><I>Ania**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.3.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Form of Time Charter&#151;</FONT><FONT SIZE=2><I>Overseas Ann**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.3.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Time Charter&#151;</FONT><FONT SIZE=2><I>Overseas Chris**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.3.3</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Time Charter&#151;</FONT><FONT SIZE=2><I>Regal Unity**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.3.4</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Time Charter&#151;</FONT><FONT SIZE=2><I>Overseas Cathy**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.3.5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Time Charter&#151;</FONT><FONT SIZE=2><I>Overseas Sophie**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.3.6</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Time Charter&#151;</FONT><FONT SIZE=2><I>Rebecca**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.3.7</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Time Charter&#151;</FONT><FONT SIZE=2><I>Ania**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.4.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Form of Ship Management Agreement&#151;</FONT><FONT SIZE=2><I>Overseas Ann**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>

<!-- insert table folio -->
<BR>
<P ALIGN="CENTER"><FONT SIZE=2>II-1</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=141,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=995386,FOLIO='II-1',FILE='DISK134:[06NYC5.06NYC4565]JA4565A.;22',USER='JPERLST',CD='11-JAN-2007;19:24' -->
<A NAME="page_ja4565_1_2"> </A>
<!-- end of table folio -->



<TABLE WIDTH="79%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.4.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Ship Management Agreement&#151;</FONT><FONT SIZE=2><I>Overseas Chris**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.4.3</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Ship Management Agreement&#151;</FONT><FONT SIZE=2><I>Regal Unity**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.4.4</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Ship Management Agreement&#151;</FONT><FONT SIZE=2><I>Overseas Cathy**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.4.5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Ship Management Agreement&#151;</FONT><FONT SIZE=2><I>Overseas Sophie**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.4.6</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Ship Management Agreement&#151;</FONT><FONT SIZE=2><I>Rebecca**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.4.7</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Ship Management Agreement&#151;</FONT><FONT SIZE=2><I>Ania**</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Form of Charter Framework Agreement**</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.6</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Form of OSG Guaranty of Charterers' Payments under Charters and Charter Framework Agreement**</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.7</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Form of Double Hull Tankers, Inc. Guaranty of Vessel Owners' Obligations under Management Agreement**</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.8</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Form of Double Hull Tankers, Inc. Guaranty of Vessel Owners' Obligations under Charters**</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.9</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Form of Indemnity Agreement among OSG, OIN and certain subsidiaries of DHT related to existing recommendations**</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.10</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Employment Agreement of Ole Jacob Diesen***</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.10.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Indemnification Agreement for Ole Jacob Diesen***</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.11</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Employment Agreement of Eirik Ub&oslash;e***</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.11.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Indemnification Agreement for Eirik Ub&oslash;e***</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>10.12</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>2005 Incentive Compensation Plan**</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>21.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>List of subsidiaries of Double Hull Tankers, Inc.**</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Consent of Ernst &amp; Young LLP, independent registered public accounting firm*</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Consent of Maritime Strategies International Ltd*</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.3</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Consent of Cravath, Swaine &amp; Moore LLP (contained in Exhibit 8.1)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>23.4</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Consent of Reeder&nbsp;&amp; Simpson PC (contained in Exhibit&nbsp;5.1)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>24.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Powers of Attorney (included on signature page)****</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Filed herewith.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>**</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Incorporated by reference to the Registration Statement filed on Form&nbsp;F-1 originally filed on September&nbsp;21, 2005 (Registration No.&nbsp;333-128460), as amended.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>***</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Incorporated by reference to Double Hull Tanker Inc.'s annual report on Form&nbsp;20-F for the fiscal year ended December&nbsp;31, 2005, filed on May&nbsp;19, 2006.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>****</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Previously filed.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(b</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Financial Statement Schedules.</FONT></TD>
</TR>
</TABLE>


<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
financial statement schedules are omitted because they are inapplicable or the requested information is shown in the combined carve-out financial statements of Double
Hull Tankers,&nbsp;Inc. or related notes thereto. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>II-2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=142,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=458130,FOLIO='II-2',FILE='DISK134:[06NYC5.06NYC4565]JA4565A.;22',USER='JPERLST',CD='11-JAN-2007;19:24' -->
<A NAME="page_ja4565_1_3"> </A>

<P><FONT SIZE=2><B>Item 9. Undertakings  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
undersigned registrant hereby undertakes: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;To
file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement; </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;To
include any prospectus required by section&nbsp;10(a)(3) of the Securities Act of 1993; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;To
reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in
volume of securities offered (if
the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form
of prospectus filed with the Commission pursuant to Rule&nbsp;424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price
set forth in the "Calculation of Registration Fee" table in the effective registration statement; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;To
include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such
information in the registration statement. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;That,
for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offering therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the
offering. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;If
the Registrant is a foreign private issuer, to file&nbsp;a post-effective amendment to the registration statement to include any financial statements
required by Item 8-A of Form&nbsp;20-F (17 CFR 249.220f) at the start of any delayed offering or throughout a continuous offering. Financial statements and information
otherwise required by Section&nbsp;10(a)(3) of the Securities Act of 1933 need not be furnished, </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2> that the Registrant includes in the
prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph&nbsp;(a)(4) and other information necessary to ensure that all other
information in the prospectus is at least as current as the date of those financial statements. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as
expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses
incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will governed by the final adjudication of such issue. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>II-3</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=143,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=705711,FOLIO='II-3',FILE='DISK134:[06NYC5.06NYC4565]JA4565A.;22',USER='JPERLST',CD='11-JAN-2007;19:24' -->
<A NAME="page_ja4565_1_4"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
undersigned Registrant hereby undertakes that: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;For
purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration
statement in reliance upon Rule&nbsp;430A and contained in a form of prospectus filed by the Registrant pursuant to Rule&nbsp;424(b) (1)&nbsp;or (4)&nbsp;or 497(h) under the Securities Act
shall be deemed to be a part of this registration statement as of the time it was declared effective. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;For
the purposes of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be
deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>II-4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=144,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=776748,FOLIO='II-4',FILE='DISK134:[06NYC5.06NYC4565]JA4565A.;22',USER='JPERLST',CD='11-JAN-2007;19:24' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_jc4565_1_5"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="jc4565_signatures"> </A>
<A NAME="toc_jc4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>SIGNATURES    <BR>    </B></FONT></P>

<P>


<FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form&nbsp;F-1 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Oslo, Norway, on the
16th day of January, 2007.

 </FONT>

</P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
DOUBLE HULL TANKERS, INC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/ </FONT><FONT SIZE=2>EIRIK UB&oslash;E</FONT><HR NOSHADE><FONT SIZE=2> CHIEF FINANCIAL OFFICER</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the date indicated. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="40%" ALIGN="CENTER"><FONT SIZE=1><B>Signature</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="58%" ALIGN="CENTER"><FONT SIZE=1><B>Title</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" ALIGN="CENTER" VALIGN="CENTER"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="58%" VALIGN="CENTER"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" ALIGN="CENTER" VALIGN="CENTER"><FONT SIZE=2>OLE JACOB DIESEN</FONT><FONT SIZE=2>*</FONT><HR NOSHADE></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="58%" VALIGN="CENTER"><FONT SIZE=2>Chief Executive Officer</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" ALIGN="CENTER" VALIGN="CENTER"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>EIRIK UB&oslash;E</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="58%" VALIGN="CENTER"><FONT SIZE=2><BR>
Chief Financial Officer</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" ALIGN="CENTER" VALIGN="CENTER"><BR><FONT SIZE=2>ERIK LIND</FONT><FONT SIZE=2>*</FONT><HR NOSHADE></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="58%" VALIGN="CENTER"><FONT SIZE=2><BR>
Chairman of the Board</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" ALIGN="CENTER" VALIGN="CENTER"><BR><FONT SIZE=2>RANDEE DAY</FONT><FONT SIZE=2>*</FONT><HR NOSHADE></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="58%" VALIGN="CENTER"><FONT SIZE=2><BR>
Director</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" ALIGN="CENTER" VALIGN="CENTER"><BR><FONT SIZE=2>ROLF WIKBORG</FONT><FONT SIZE=2>*</FONT><HR NOSHADE></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="58%" VALIGN="CENTER"><FONT SIZE=2><BR>
Director</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="40%" VALIGN="CENTER"><BR><FONT SIZE=2>DONALD J. PUGLISI</FONT><FONT SIZE=2>*</FONT><HR NOSHADE><FONT SIZE=2> Managing Director<BR>
Puglisi &amp; Associates</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="58%" VALIGN="CENTER"><FONT SIZE=2><BR>
Authorized Representative in the United States</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="6%"><FONT SIZE=2><BR>
*By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="34%" VALIGN="CENTER"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>EIRIK UB&oslash;E</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Eirik Ub&oslash;e, Attorney-in-fact</FONT></TD>
<TD WIDTH="3%" VALIGN="CENTER"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="57%" VALIGN="CENTER"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2>II-5</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=145,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1",CHK=348871,FOLIO='II-5',FILE='DISK134:[06NYC5.06NYC4565]JC4565A.;20',USER='JLAWRENA',CD='12-JAN-2007;16:55' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06NYC4565_1">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_bc4565_1">4,600,000 Shares Common Stock</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_bg4565_1">TABLE OF CONTENTS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ca4565_1">PROSPECTUS SUMMARY</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_cc4565_1">THE OFFERING</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_cc4565_2">SUMMARY COMBINED FINANCIAL AND OTHER DATA</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ce4565_1">RISK FACTORS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ci4565_1">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_ci4565_2">USE OF PROCEEDS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_ci4565_3">DIVIDEND POLICY</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_ci4565_4">UNAUDITED PRO FORMA FINANCIAL AND OTHER INFORMATION</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ck4565_1">UNAUDITED PRO FORMA STATEMENTS OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2005</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_cm4565_1">SELECTED COMBINED FINANCIAL AND OTHER DATA</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_cm4565_2">MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_co4565_1">THE INTERNATIONAL TANKER INDUSTRY</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_co4565_2">OIL CONSUMPTION AND SEABORNE CRUDE TRADE</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_co4565_3">OIL CONSUMPTION</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_co4565_4">WORLD OIL SUPPLY</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_cs4565_1">BUSINESS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_cw4565_1">OUR CREDIT FACILITY</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_cw4565_2">MANAGEMENT</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_cy4565_1">PRINCIPAL AND SELLING STOCKHOLDERS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_cy4565_2">RELATED PARTY AGREEMENTS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_cy4565_3">DESCRIPTION OF CAPITAL STOCK</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_da4565_1">COMPARISON OF MARSHALL ISLANDS CORPORATE LAW TO DELAWARE CORPORATE LAW</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_dc4565_1">TAX CONSIDERATIONS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_de4565_1">PLAN OF DISTRIBUTION</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de4565_2">LEGAL MATTERS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de4565_3">EXPERTS</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de4565_4">ADDITIONAL INFORMATION</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_dg4565_1">GLOSSARY OF SHIPPING TERMS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_fa4565_1">Index to Financial Statements</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_fe4565_1">Double Hull Tankers, Inc. Consolidated and Predecessor Combined Carve-Out Balance Sheets as of December 31, 2005 and 2004</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_fg4565_1">Double Hull Tankers, Inc. Consolidated and Predecessor Combined Carve-Out Statements of Operations</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_fi4565_1">Double Hull Tankers, Inc. Consolidated and Predecessor Combined Carve-Out Statements of Changes in Stockholders' Equity</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_fk4565_1">Double Hull Tankers, Inc. Consolidated and Predecessor Combined Carve-Out Statements of Cash Flow</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_fm4565_1">NOTES TO DOUBLE HULL TANKERS, INC. CONSOLIDATED AND PREDECESSOR COMBINED CARVE-OUT FINANCIAL STATEMENTS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_fo4565_1">Double Hull Tankers, Inc. Consolidated Balance Sheets as of September 30, 2006 and December 31, 2005</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_fq4565_1">Double Hull Tankers, Inc. Consolidated and Predecessor Combined Carve-Out Statements of Operations (Unaudited)</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_fq4565_2">Double Hull Tankers, Inc. Consolidated Statement of Changes in Stockholders' Equity (Unaudited)</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_fs4565_1">Double Hull Tankers, Inc. Consolidated and Predecessor Combined Carve-Out Statements of Cash Flow (Unaudited)</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_fu4565_1">NOTES TO DOUBLE HULL TANKERS, INC. CONSOLIDATED AND PREDECESSOR COMBINED CARVE-OUT FINANCIAL STATEMENTS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ja4565_1">PART II INFORMATION NOT REQUIRED IN PROSPECTUS</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_jc4565_1">SIGNATURES</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=WMERCED,SEQ=,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="1" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-8.1
<SEQUENCE>2
<FILENAME>a2175490zex-8_1.htm
<DESCRIPTION>EXHIBIT 8.1
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit&nbsp;8.1  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>[Letterhead
of] </FONT></P>

<P ALIGN="CENTER"><BR><FONT SIZE=2><B>CRAVATH, SWAINE&nbsp;&amp; MOORE LLP</B></FONT><FONT SIZE=2><BR>
[New York Office] </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>January&nbsp;11,
2007 </FONT></P>

<P><FONT SIZE=2>Ladies
and Gentlemen: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have acted as special United States counsel to Double Hull Tankers,&nbsp;Inc., a company incorporated under the laws of the Marshall Islands (the "Company"), in connection with the
registration by the Company of 4,600,000 common shares, par value $0.01 per share (the "Shares"), all of which are being sold by the selling stockholder named therein, under the Securities Act of
1933, as amended (the "Securities Act"), on a Registration Statement on Form&nbsp;F-1 filed with the Securities and Exchange Commission (the "Commission") (File
No.&nbsp;333-136365), and all amendments thereto (such registration statement, as so amended, being hereinafter referred to as the "Registration Statement"). </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
rendering our opinion, we have reviewed the Registration Statement and have examined such records, representations, documents, certificates or other instruments as in our judgment are
necessary or appropriate to enable us to render the opinion expressed below. In this examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the
authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified, conformed, or photostatic copies, and the authenticity
of the originals of such copies. In making our examination of documents executed, or to be executed, by the parties indicated therein, we have assumed that each party, including the Company, is duly
organized and existing under the laws of the applicable jurisdiction of its organization and had, or will have, the power, corporate or other, to enter into and perform all obligations thereunder, and
we have also assumed the due authorization by all requisite action, corporate or other, and execution and delivery by
each party indicated in the documents and that such documents constitute, or will constitute, valid and binding obligations of each party. </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="2",CHK=231537,FOLIO='blank',FILE='DISK122:[06NYC6.06NYC4906]KQ4906A.;7',USER='JTAM',CD='11-JAN-2007;20:56' -->
<A NAME="page_kq4906_1_2"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
rendering our opinion, we have considered the applicable provisions of the Internal Revenue Code of 1986, as amended (the "Code"), regulations promulgated thereunder by the U.S.
Department of Treasury (the "Regulations"), pertinent judicial authorities, rulings of the U.S. Internal Revenue Service, and such other authorities as we have considered relevant, in each case as in
effect on the date hereof. It should be noted that the Code, Regulations, judicial decisions, administrative interpretations and other authorities are subject to change at any time, possibly with
retroactive effect. It should also be noted that (as discussed in the Registration Statement) there is no direct legal authority addressing certain of the issues relevant to our opinion&#151;in
particular, the issue regarding whether the Company is currently a passive foreign investment company. A material change in any of the materials or authorities upon which our opinion is based could
affect the conclusions set forth herein. There can be no assurance, moreover, that any opinion expressed herein will be accepted by the Internal Revenue Service, or if challenged, by a court. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based
upon the foregoing, although the discussion in the Registration Statement under the heading "Tax Considerations&#151;United States Federal Income Taxation of our Company"
does not purport to discuss all possible United States federal income tax consequences of the acquisition, ownership and disposition of the Shares, we hereby confirm that the statements of law
(including the qualifications thereto) under such heading represent our opinion of the material United States federal income tax consequences of the acquisition, ownership and disposition of the
Shares, subject to certain assumptions expressly described in the Registration Statement under such heading. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
express no other opinion, except as set forth above. We disclaim any undertaking to advise you of any subsequent changes in the facts stated or assumed herein or subsequent changes in
applicable law. Any changes in the facts set forth or assumed herein may affect the conclusions stated herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
hereby consent to the filing of this opinion with the Commission as Exhibit&nbsp;8.1 to the Registration Statement. We also consent to the reference to our firm under the caption
"Legal Matters" in the prospectus forming a part of the Registration Statement. In giving this consent, we do not thereby admit that we are included in the category of persons whose consent is
required under Section&nbsp;7 of the Securities Act or the rules and regulations of the Commission. </FONT></P>

<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>

<P><FONT SIZE=2>Very
truly yours, </FONT></P>

<P><FONT SIZE=2><BR>
/s/ Cravath, Swaine&nbsp;&amp; Moore LLP </FONT></P>

</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>

<P><FONT SIZE=2>Double
Hull Tankers,&nbsp;Inc.<BR>
&nbsp;&nbsp;&nbsp;&nbsp;26 New Street<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;St. Helier, Jersey JE23RA<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Channel Islands </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=2,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="2",CHK=746506,FOLIO='2',FILE='DISK122:[06NYC6.06NYC4906]KQ4906A.;7',USER='JTAM',CD='11-JAN-2007;20:56' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<!-- SEQ=,FILE='QUICKLINK',USER=WMERCED,SEQ=,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="2" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>a2172991zex-23_1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06NYC4565_3">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit&nbsp;23.1  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ka4565_consent_of_independent___ka402333"> </A>
<A NAME="toc_ka4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>Consent of Independent Registered Public Accounting Firm    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We consent to the reference to our firm under the caption "Experts" and to the use of our reports dated March&nbsp;31, 2006, relating to the financial
statements of Double Hull Tankers,&nbsp;Inc. and OSG Crude, in Amendment No.&nbsp;2 to the Registration Statement (Form&nbsp;F-1 No.&nbsp;333-136365) and related Prospectus of Double Hull
Tankers, Inc. for the registration of 4,600,000 shares of its common stock. </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>/s/
ERNST &amp; YOUNG LLP </FONT></P>

<P><FONT SIZE=2>New
York, New York<BR>
January 11, 2007 </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="3",CHK=423894,FOLIO='blank',FILE='DISK134:[06NYC5.06NYC4565]KA4565A.;8',USER='RBERNHA',CD='16-JAN-2007;01:35' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06NYC4565_3">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ka4565_1">Consent of Independent Registered Public Accounting Firm</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=WMERCED,SEQ=,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="3" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>4
<FILENAME>a2172991zex-23_2.htm
<DESCRIPTION>EXHIBIT 23.2
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06NYC4565_4">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit&nbsp;23.2  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ke4565_consent_of_maritime_strategies_international_ltd."> </A>
<A NAME="toc_ke4565_1"> </A>
<BR></FONT><FONT SIZE=2><B>CONSENT OF MARITIME STRATEGIES INTERNATIONAL&nbsp;LTD.    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby consent to the inclusion of our report and the reference to our firm under the headings "The International Tanker Industry," "Industry and Market Data"
and "Experts" and in the Registration Statement on Form&nbsp;F-1 and related prospectus of Double Hull Tankers,&nbsp;Inc. (the "Company") relating to the secondary offering of common
stock of the Company by Overseas Shipholding Group,&nbsp;Inc. and certain of its affiliates. </FONT></P>

<P><FONT SIZE=2>Dated:
January 11, 2007 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>MARITIME STRATEGIES INTERNATIONAL LTD.,</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
by</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="55%"><FONT SIZE=2><BR>
/s/ DANIEL JESSEL</FONT><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="4",CHK=838035,FOLIO='blank',FILE='DISK134:[06NYC5.06NYC4565]KE4565A.;7',USER='RBERNHA',CD='16-JAN-2007;01:35' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06NYC4565_4">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ke4565_1">CONSENT OF MARITIME STRATEGIES INTERNATIONAL LTD.</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=WMERCED,SEQ=,EFW="2175490",CP="DOUBLE HULL TANKERS, INC.",DN="4" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g455847.jpg
<DESCRIPTION>G455847.JPG
<TEXT>
begin 644 g455847.jpg
M_]C_X``02D9)1@`!`0$!1`%$``#__@!%35),3%]'4D%02$E#4SI;1$]50DQ%
M7TA53$Q?5$%.2T524U])3D-=1$]50DQ%7TA53$Q?5$%.2U\T0U],3T=/+D50
M4__;`$,`!P4&!@8%!P8&!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0=
M'R@@&1HE,B4H+"TO,"\=(S0X-"XW*BXO+O_;`$,!"`@("PH+%@P,%BX>&AXN
M+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN
M+BXN+O_``!$(`.0!1P,!(@`"$0$#$0'_Q``<``$``P$!`0$!````````````
M!@<(!00#`@'_Q`!:$``!`P,!!`0%#P<&#`4%```!``(#!`41!@<2(3$305%A
M%")Q@9$(%3(V-T)2571UE*&QL]$6%R,S8K+!)%9R@I72&#0U0T1S=H22D\/A
M)E-D@Z*%I,+3\/_$`!H!`0`"`P$````````````````"`P$$!0;_Q``V$0`"
M`@$"`@@$!00"`P```````0(#$00A$C$%$S(S05%A<121H;$5(E*!T2,TP?!"
M0R1BX?_:``P#`0`"$0,1`#\`TBB(@"(B`(B(`B(@"(B`*'[6/<ZU#\D=]H4P
M4/VL>YUJ'Y([[0K*>\C[HC/LLQV>91#S*+UAQ`B(@"(B`(B(`B(@"(B`(B(`
MB(@"TQZG'VE5WSB_[N-9G6F/4X^TJN^<7_=QK0Z2[C]S9TG>%N(B+SQU`B(@
M"(B`(B(`B(@"(B`(B(`B(@"(B`(B(`B(@"A^UCW.M0_)'?:%,%#]K'N=:A^2
M.^T*RGO(^Z(S[+,=GF40\RB]8<0(B(`B+^'`."0"@/ZB]]%9KO7D"AM5=4D\
MNAIWO^P+L0:!UK/^KTO<\8SX\.Y^]A0=D(\VB2A)\D1A%-/S8:]_FW4?\V/^
M\OC/LXUS!G?TS7'`S^C#7_NDJ/7U?J7S,]5/R(BB[59I34]$"ZKT]=(6CWSJ
M5^/2`N-(UT;MR1I8[L<,'ZU-2C+DR+BUS1_$1%(P$1$`6F/4X^TJN^<7_=QK
M,ZTQZG'VE5WSB_[N-:'27<?N;.D[PMQ$1>>.H$1$`1$0!$1`$1$`1$0!$1`$
M1$`1$0!$1`$1$`4/VL>YUJ'Y([[0I@H?M8]SK4/R1WVA64]Y'W1&?99CL\RB
MDFE=%ZCU5+BT6]SJ?.'54OB0M_K'GY!DJSH]":`T/$RIUO>FU]=C+:*+(:?(
MQOC.\KB!W+TEFIK@^'F_)<SDPIE+?DBG+19[K>:CP:TV^IK9NML$9=N^4\AY
MU95CV):BJF"HO=;26F`<7!SNED`[P"&C_B7KN^V=U+3FW:,L-+;*-O!DDL8+
MO*(V^*/.2JSONI;]J"4R7B[557V,>_#!Y&##1Z%7G4V<L17S9/%4/4M?\GMC
M>F#NWB^27FJ;SBCD+QG^C%P'G<OY^='0MD&[IG0S"YO`2RLCA)\^'.*INVVZ
MONE4VCMM'/5U#N44$9<[RX'(=ZM&R[%KLZ#PW4UTI+-2-&7@N$CP.\Y#&^DJ
MJRJJ'?3;_?\`PB<9SEW<<'TK=NVI9,BBM5LIF]6\'R$?6!]2XD^V/74G!MSI
M8>&/T=*S/UY4I?!L0TT[<EEJ+]4LY[KG3-SYMUGVK^?G:TC;RUMFV?T[6MY.
M>(HCC^JUWVJ$8U_]=.??;[DFY?\`*9#SM:V@``F_8!Y'P6+C_P#%?N+:]KUA
MR;W%)W/I8C]C5+1MU<[<;)I"C=&WDWPCD.[Q%^W;8M-W$]%>=!P20=SHY2/,
MY@^U2X7XT+Z$<KPL^YPZ/;?K*!WZ>*V5+>QU.YGUM<%V8]MM)7,$.H='4M5$
M>#BR0/X?T7M_BOUX7L/U#^CDHY[).\\)`UT(!\K2YGI"\MSV+.J:5U=I'45)
M=*<\6LD(!/<)&DM)\H"AC2YQ.#B_E]B7];_C+)Z_#]B&H>%1;YK)4/\`?!CH
M0#Y6%S/2%\JO8Q17.!U7H_5=+70GBUDQ#AY-]F?K:JFO=DN]AJ_!+Q;YZ.;W
MHE;@.[VGDX>0KR4E5544XJ*.IFIIARDAD+'#SCBMA:>26:K'^^Z*G:GM./\`
M@[^H]#ZITYO.N=HG;`W_`$B(=+%_Q-Y>?"C*L[3>V35=IW8;@Z*[TPX$5(W9
M,=SQS\X*E`J-E&T(XJ(SIV]2>^RV(/=Y?U;_`#X)6>OMK[V.5YK^!U<)]A_,
MHI:8]3C[2J[YQ?\`=QJK=7[)=2V`/JJ*/UWMXXB6F;^D:WM='S\[<A6EZG$8
MT57@\Q<I,_\`+C5&NMA9I\P>=T6:>$H6XDBW$1%PCHA$1`$1$`1$0!$1`$1$
M`1$0!$1`$1$`1$0!$1`%Q]6U%JI-.7&JOD'3VV*$OGBW-_?:,<-WKZEV%#]K
M'N=:A^2.^T*=:S-+U(R>(ME'ZLVPWJX,-!IR%MEMS1N,,8'3%OE'!GD;Z55L
MLDDTKY99'R2/.7/>XESCVDGFOR>971L-EN=_N<-LM-*ZHJI>0'`-'6YQY`#M
M*]/"JNF/Y5A'(E.=CW.>QKGO:QC2YSB`&@9)/8`K8TGLFE=2>O>MJMMFM,8W
MW1/>&RN'[1/!@[N+NX*14]!I'9#1LK+HYEWU7(S>BB9_FOZ.?8-_;/C'J'4J
MFU?K"^:MK/"+M5$Q-),5-'XL47D;V]YR51UEE^U6T?/^"S@C5O/=^19%UVI6
M+3=*^T;.K+3PQ#@ZMFC(#CVAI\9_E>?,JIONH+UJ"H,]YN=16.SD-D?XC?Z+
M1P'F"Y:*ZK3UU[I;^?B5SME+GR"(BO*PB(@"]EJNERM%2*JUUU11SCW\$A:3
MY<<_.O&BPTFL,RFUR+EL.V&*NI/6G7=GAN5&_P`5U1'$TGRNC/`^5N#W)J'9
M507>@-^V=W&*NHWY/@;I,EO<QQXY_9?@]ZII=C3>H[SIFO%;9JU]/(<;[.;)
M1V/;R(^OLPM26F<'Q4/#\O!ERN4MK%G[G,J:>>DJ)*:JADAGB<6R1R-+7,(Z
MB#R*^2OVGJ=([8*(4]<R.T:MC9ADC./28[,_K&_LGQAU'K5.ZKTS=M*W5]MN
MT&X_V4<K>,<S?A-/6/K'6K*=0IO@DL27A_!&=7"N);HZVC]H>I=*N9%1U9J*
M`'C1U)+H\?LGFSS<.Y:4V;ZEM^K++/=Z&VF@D=4%E3&=WQI0UN79'LN!'$@'
M@L=+3'J<?:57?.+_`+N-:?2-,%7UB6Y?I;).7"WL6XB(N&=$(B(`B(@"(B`(
MB(`B(@"(B`(B(`B(@"(B`(B(`H?M8]SK4/R1WVA3!<'6]HJ+]I6YV>E?&R>K
MAZ)KI/8MR1Q.%94TIQ;\R,UF+1D72>F;IJN\QVNUQ9>?&EE=["%F>+G'L[N9
M/`*WKY?[!LHM+].Z5;'6:AE;_*JQX!,9ZB_OX^*SD.9[_P":LU!:ME]D_)'2
M1:^]3-#JRM."Z,D>R=^W\%O)HX^6B)'OED?)(]SY'DN<YQR7$\R3UE=Z,7J7
MQ2VAX+S]6<UM4K"[7V/K75=57U<U96U$E14S.WY)9';SG'M)7P1%O)8V1K<P
MB+Z4U//55$5-30OFGE<&1QL;ESW'D`.LH#YJT]$[';Y?8XZV[R&TT#QEH>S,
M\@ZL,/L1WNX]RGF@=G5IT90MU)JY\#[BSQF,<=Z.F/4`/?2=_5U=J^.I]H%R
MN3WT]K<^AH^6\T_I9!WGWOD'I7"UW2\:_P`M9L\$*EFSGY'8CV+Z&9%X._PZ
M2;'ZQU7A_H`Q]2@.LMB5SMT<E9INI=<H&\332`-G`[B.#_)P/E7/+WF3I"]W
M29SO[QWL^7FIEIG7UTM;V07!SZ^BY$/.9&#N<>?D/I"Y=/3-L99D_P#(5U,]
MI1P9\ECDAD?%*QT<C"6N8\$%I',$'D5^5J/6NB+!M%M?KS99H8;KNX94`8$A
M'O)1S\_,=XX+-%WME=9KC46VY4SZ>K@=NOC=U=A':#S!'->GTNKAJ(Y7,KMJ
M<-^:/&B(MHJ/W#+)#*R:&1\<K'!S'L<6N:1R((Y%7?I'5UGV@6IFCM=!GAV,
M4=P)#7/?C`X^]D^IW(\>=&HJ;J(VKR:Y/R+*['!^A)]=Z-N>C;L:*M'2TTF3
M3536X;,W^#AUMZO(KQ]3C[2J[YQ?]W&HKH+5=OUO9G:#UK)OS2`-H:UQ\=SA
M[$;QY2#J/OAP/'G96R;2]?I&SW.TUQ;)_+WR0S,Y2QEC`'8ZCP((ZB%S-7=)
MU.NSM+'[^IMT5KC4X<B>(B+D&\$1$`1$0!$1`$1$`1$0!$1`$1$`1$0!$1`$
M1$`4=U]=*NRZ-O-TH'-;54],Y\3G-W@UW(''G4B4/VL>YUJ'Y([[0K*DG9%/
MS1&;Q%F/ZB:6HGDGGD=+-(XO>]YRYSB<DD]J^:'F47K#B!$1`?N&*6>:.""-
M\DLC@UC&#+G./(`=96CM#:1M>SBS_E%J+<EO<K<,C;@F'(_5L[7'WSO-RY_C
M8[L]=8Z)NJ+O2.DNTD>]2TI`#H&D<SG@'N!Z_8CSJ3UVDW76I==]775L;&CQ
M:>!^Y%`WX.^>?>1C*\_TEKI2_I5?,W:ZI07$EO\`8K/4NH*Z_P!::FL?N1-)
MZ&`'Q8QW=I[2N;#2U4XS!2SR@G&61N=]@5I&^[/K$"RWT,=5*/?10](<_P!-
M_P#!>6HVID#=H[*`!R,L_P#`!><E7'.9SW*)5PSF<]_F0`6:\%A>+37;HX$^
M#O\`P7GFHJR`$ST=1$!S+XG-QZ0I]^=*Y?%-+_S7+[0;4Y\XJ;-&YIY]'.1]
MH4>"K]7T(\%'Z_H0G3U^KK#7"JH900>$L1/B2#L/X]2G^I]/6/:GIYM;1/93
M7BG;NQR.'C1NY]')CFT]1ZN8ZPOZ-4:%O0Z.[6H4[W<WR0#A_79Q"]MOTO!2
M5#;QHR\L)Y/AEDZ2&5OP"X<1Y\X6WI9SIDI5RR;%,6EPIJ43*]TMU9:;A46Z
MX4[X*JG>621NY@_Q!Y@]87D6J-J6@AK*S1W*FIA3:@IX_$:7`]*.9B<1PY\G
M=O<2LM3120320S1NCEC<6O8\8<UP."".HA>PTNIC?#/CXE-U3K?H?A$1;12?
MUCG,<'L<6N:<@@X(/:"M9[&-27#4VCQ471PDJJ6=U,Z;KE`:TASN_#L'MQGK
M62UICU./M*KOG%_W<:YW2<4Z<^*9M:1OCP6XB(N`=,(B(`B(@"(B`(B(`B(@
M"(B`(B(`B(@"(B`(B(`H?M8]SK4/R1WVA3!0_:Q[G6H?DCOM"LI[R/NB,^RS
M'9YE$/,HO6'$"N?8?L_%SJ(]4WF#-#"[-'"\<)I`?9GM:T\NT^3C#]F.AJG6
M5X'2AT=HIG`U<XX9Z^C;^T?J''LS;6L=7QB`:?TX6T]N@8(721<-X#AN,[&C
MEGK\G/C]*:^-,>"+W9L5J,%UD_V)-JS:!1VPOH[2&5=8.#GYS'&?*/9'N'I5
M47:[W*\3]-<:N2=W4UQPUOD:.`7@1>0LNE9S*+;YV/?D$1%44A$1`%Z;?7UM
MNJ!4T%5+3S#WT;L9\O;YUYD1/'(RFUNBV=*;1HJAS*._AD,AX-JFC#'']H>]
M\O+R*,[<-`LKJ9^K[)"'3L;O5L<8STK,?K1CK`Y]HX]7&&*::(UG/97LH+@Y
MTMK<<<>+H.\?L]H]'8NEH]?*F:;-RO4*:X+?F9Z17/M>V;PTD+]6:8C:ZW2#
MI:FGB&6Q`\>D9CWG:.KGRY4PO:471NAQ1*K*W!X86F/4X^TJN^<7_=QK,ZTQ
MZG'VE5WSB_[N-:W27<?N7:3O"W$1%YXZ@1$0!$1`$1$`1$0!$1`$1$`1$0!$
M1`$1$`1$0!0_:Q[G6H?DCOM"F"A^UCW.M0_)'?:%93WD?=$9]EF.SS*[6D=.
MUVJ;]36>@`#Y3O22$9;%&/9//D^LD#K7%/,K2.@+3%L]T!+?:V$>O-Q:UP8X
M<6Y_5Q^8>,?^R]#K=2M/4Y>)R:H*3R^2YGTU974.EK)3Z*T[^B9''BID'LL'
MB03\)W,GLX*NU])YI:B>2>>1TDTCB][W<W$\RNOI[3-VO[_Y%!NTX.'5$G!C
M?/UGN"\)99.^>>;*YRE=/9>QQ%[;;:KE<W[EOH9ZD]9C9XH\IY#TJS#I[16C
M:5E=J6O@DDYAU4<!Q_8B'%WUJ,7W;I;:0&FTW97U#6\&RU)Z&,>1@R2/0MS3
M]&76[X+5IE'>R6#Z46S?4-0`:@TM(.R23>/H;G[5VH-E9+<U%ZP[LBI^'UN5
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MYU__`(E414]R>/8?J)\_T3P?YLJ,ZET+=K,UU1"/#:,<3)$WQF#]IO\`$9\R
MY%VDMJ>)(KGII165NCI;-]3BEF;8+D]KJ&<EL)DXB-Q]Z?V7?;Y56^V+0ITK
M>!7V^$BRUKB8@.4$G,Q^3K;W9'4O0K=LKZ/:!HFKL-V=FI8P1O?S<#_FY1WY
M'I![5O=%ZYTSX7R+:9=;'JY<_`RBM,>IQ]I5=\XO^[C6=+U;*NS7:KM5<S<J
M:64QR`<B1UCN(P1W%:+]3C[2J[YQ?]W&O2=(M/3Y7H2TJQ;AEN(B+SYTPB(@
M"(B`(B(`B(@"(B`(B(`B(@"(B`(B(`B(@"A^UCW.M0_)'?:%,%#]K'N=:A^2
M.^T*RGO(^Z(S[+,Y[)=,C4VLZ6&9F]14?\JJ>PM:1NM\[L#R95H;4;R;A??6
M^)V:>A\4XY&0^R/FX#TKZ[&J*/36SJXZHJ&`35A?*TGK8S+6#SNR?.NIH[3E
M/0TTFK=42,C#0:AK9^`C',R.SU]8'\5GI:R5]W51\/\`?N<_JVX*M>.[]CRZ
M2T(PP"[:E(@I6-Z04[W;GBCCO2'WH[O3V+@:YVRQ4T;K3HF*-K(QN>'.C`8T
M#_RF?Q/#NZU"]IVTBNU=4OH:)TE-8XW>)#R=/CDZ3[0WD.\JNUT=#T5"J/%8
MM_+^2+LC6N&KYGIN-?77.K?67&KFJJE_LI9GESCYSU=R\R(NRDELC6;R$1%D
M!$1`$1$`!+2'-)!!R".8*M/0FV"]6-T5'?#)=;:.&\XYGB'<X^R'<[TA58BK
MMIA:N&:R3A9*#S%FHKCI^PZTMOY0:1J83,_B^-OBM>[K:YOO'_\`]WJ':7N5
M1IK4L4M2R2(-=T-5&X8(:3QR.[@?,JKTAJF[:3NK;C:IL$X$T+O83M^"X?8>
M86AYV6;:;IQM\LA;'=(1N/B>0'-=C)B?_P#B[_NO+=(=&2HEUE9=A6?GAM)>
M'F1'U1.FF`T6K*1@\?%-5%O7PS&_[6_\*D7J<?:57?.+_NXUV+53_E=LYK]/
MUH(K(HWT;Q)P+)&\8R?(0WT%<GU.T<D.CKC%*TMD9<Y&O:>HAC`1Z5MPU'6Z
M+'DT;,$G:IKQ1;2(BT3;"(B`(B(`B(@"(B`(B(`B(@"(B`(B(`B(@"(B`*);
M4HGSZ`OL$0S)+3]&P=KBX`?65+5^7L9(TM>T.:>HC(4H2X9*7D8:RL''@T_1
MQV2V69P!I*(1#HP.$FX.`/=O`'OPJ`VXZ\]>;F_3=LJ6^ME&_%0YCN$\PZN]
MK3]>3U!:97@-FM!))M=$2?\`T[/P5VGMC59UDEEE=E;E'"V,,[S?A-]*;S?A
M-]*W+ZRVCXKHOH[/P3UEM'Q71?1V?@NC^*K]/U-7X+U,-;S?A-]*;S?A-]*W
M+ZRVCXKHOH[/P3UEM'Q71?1V?@GXJOT_4?!>IAK>;\)OI3>;\)OI6Y?66T?%
M=%]'9^">LMH^*Z+Z.S\$_%5^GZCX+U,-;S?A-]*;S?A-]*W+ZRVCXKHOH[/P
M3UEM'Q71?1V?@GXJOT_4?!>IAK>;\)OI3>;\)OI6Y?66T?%=%]'9^">LMH^*
MZ+Z.S\$_%5^GZCX+U,-;S?A-]*;S?A-]*W+ZRVCXKHOH[/P3UEM'Q71?1V?@
MGXJOT_4?!>IAK>;\)OI4ET%JVJT??XKE3OZ2G=AE53AW":/K'E','M[B5L#U
MEM'Q71?1V?@GK-:/BNB^CL_!1GTG"<7&4-GZF8Z1Q>5(\5FCHJNJ&H;3,Q]'
M<Z=CWEAX/(]@_P`N"0?(%YM(VGUHK=21-;B*INCJN/A@8DBC)_\`EO*100Q4
M\388(F11M]BQC0T#R`+Z+DI\*:7)FXHH(B+!((B(`B(@"(B`(B(`B(@"*F;S
MML]9KI56JOTM*VJI7]'*&UK7`'GP.[QYKP_X0%'_`#9F^F-_NK:6BO:RH_8I
MZ^M>)>B*H;1MTTU5U#8;A05U`QQ`Z9V[*QOEW>('F*MBDJJ>MIHJJDGCGIY6
MAT<D;@YK@>L$<U59395VU@G&<9]EGV1>6Y5]%;**6NN%5%34L0WGRRNW6M'E
M547?;KIVEF=';;;75[6G'2G=A8[R9R?J"5TV6]A9$K(P[3+A14K0[>[-+*&U
MMBKH(R<%\4K)<#MQP5I:;U)9M34/AMFKHZF(8#P.#XSV.:>+3Y5FS3VUK,XX
M$;(2[+.PBBNO]53Z0M#;L+4ZNI6O#)MV<1F/)`:<$'.2<=R\6SG7,FMXJRIC
MLSZ*EIG"/I'U`>7O(R1@`8P"#GO455-PZS&QGCCQ</B3=$53ZCVMS6'4DVGZ
MG2\CZILC6L+*UN'AWL#['AD$<.I*ZIV/$%D2FH[LMA%P]0WBML^FYKPVU^$R
MT\733TPJ`S<:!E^'$8../5Q53_G_`*3^;,_TQO\`=4ZM/9:LP62,K80>),O1
M%1L>W^WDGI=.5+1U;M4QWV@*9:/VJ:8U/61V^-\]#7R<(X:IH`D/8UP)!/=P
M*S/270691,1NA)X3+`1<#6E^GTU8)[S%;371T_C31B81EK.MP)!S@XX=ZC.S
MW:0[6URJ*6GL3Z6&FC#Y9GU378SD-`:&C.<'R*M4S<'-+9$G.*EPOF6*B(JR
M815_M&VAG0]7113V5]9!5L<YDK*@,PYI\9I:0>HM.>_N4+_P@*/^;,_TQO\`
M=6Q#273CQ1CL52NA%X;+T147_A`4?\V9_IC?[JF^S+7<FN#=IO6]M'3TCHFQ
M-Z3?<=YI))/+F.&`D]+=7'BDL(S&Z$GA,GJ(N1JJ[OL.GZ^\LI#5>!QF5T(D
M#"YH]EQ(/(9/F5"3;PB;>%DZZ*N=GFTL:VNM10P6.2DCIX>EDE?4!_,X`P`.
M?'T*QE*RN5<N&2PS$9*2R@BK?:%M+_(J[04%18I*J.>+I8IF5+6[W'!!:6G&
M"I/9[[67;2%/?Z:T_P`HJ(.GBHW5`&\#[$%^,#(X\N"DZ9J*FULS"G%MKQ1(
M454:/VN'5.H*:RTFFY8GRY<^1]6TB-C?9.QN\<=BM=8LJG6\36&9C.,UF(10
M/:+KV71#Z22:R/K*2IRULS*EK"'C)+=T@]6#E=G1>H9]3Z=BOAMAHV3EQ@C=
M.'E[1PR2`,9((QW(ZIJ"FULQQQXN'Q)&BIZ3;'/'J$Z=?I.07(5(I-SP]F[T
MA.[C>W>6>M7`PN+&ES=UQ'$9S@I93.O'$N9B,XRY']1%R]27&IM%EJ[E2T/A
MKZ9AD=#THC):.+B'$$<`"<=:@EEX1-O&YU$58Z#VHOUG>O6RCT[)`QD9EFF?
M5M(C9R!QN\3D@85G*5E<JY<,UAD8S4EE!$10)&3-71LEVTU4<C&O8^\0M<UP
MR'`NCR"%IO\`)K3GQ!:_H<?X+,VJO=MG^>8/WHUK`+I:Z34:\>1JZ=)N7N51
MM:V>V&ITO7W>V6VGH;C0Q&H#Z:,,$K6\7-<T<#PS@\\A<+U.%]GE@NNGIGET
M-.&U-."?8!QP\#NS@^4GM5A[5KQ26C0EX=4R-$E33OIH6$\9'O&Z`.W&23W!
M57ZFNWS.N=[N>Z1"R!E.'=1<7;Q'F#1Z4K;EI)\?@]A))7KA.3MIOEQU'KEN
MF*-SC3TDK*>&$'`DG=C+CYW!H[`#VJVM&[+-,Z?HH364,%SN.,RU%2S?&]U[
MC3P:/-GO5+[1XJO2>UN2\.A+F&KCN,'#`D;D%P](<%I?3]\MFH+9#<K55,GI
MY!S:>+#UM<.HCL*SJ92A3!5[1:^IBI*5DG+F<6_;/=(7NE=!4V2EA>1ALU+&
M(9&'M!:/J.0L\M==-E.T8PMJ'201/;OD<!4TSCUCMQGR."U=55,%)3R5-3-'
M#!&-Y\DC@UK1VDG@%D_7MR&T#:.V.RL=)%,Z.BIG8(WV@G+SV#BX^0)H)2FY
M1EO'&XU*C'#7,N[;JX/V:5SFD%IE@(/;^D:N#ZFWVKW;Y?\`]-J[NV^$LV85
MT<8);$^GX]@$C1E1GU-=9";/>J#?'3LJ63;N>):Y@;G'E:H1_LI>_P#!E]^O
M8NY9=VL^[)_[M%]C%J+(66-ID\=?ME<VD<)2VJI(?$.<O&X"/,>'E6.CN\?L
MS.J[*]S1&NO:3J'YNJ/NW+-VQZ[Z4M%SN4NJ_!N@DIV-AZ>F,PW@[C@!IQP6
MD==>TG4/S=4?=N6<=C.D;/JZZ7*FO#)G1T].R1G12EAR78/)6Z3A^'GQ\MN1
M&_/6QP6N=;;'<'A:S_\`2G?_`*U2MTIZ;4NT-[="VZ6.FEGC=`R.,L#",;TF
M/>-R">.,=W)7D=BNB,?J:\?[V[\%4&HG5FRG7<L&F[M++`(XY7Q2$$.:<_HY
M`.!/8<`@.!5NEE5EJEMRQX\B%JGA<>,>A?FU;W.-09XGP1WVA5;ZFG_*.HO]
M5!^\]69M*J&U>RV]536EK9J#I`#U`X/\56?J:?\`*.HO]5!^\]:]7]G9[_P6
M3[Z)H-$7\<YK<;Q`R<#/65SC:*&]4SSTW_O'_37WV>:CV:46C+52WR2TBY1Q
MN$XFH]]^=]Q&7;ASPQUKS^J9YZ:_WC_IK][/ME&F-0:.M=YKY;B*FIC<Z013
MAK<A[AP&Z>H+K1ZOX2'6-I9\/W-+\W7RX43&UW[9I>+U16>SV^UUU34](<Q4
M#0V,-;O9<7-'/D,*;6RRVFU3U,]MM\%(^JW>FZ%FX'[H(;P'#D2H5IW979M-
M:DH+W9ZNK!@$K98ZAPDWPYA:,$`8(/E5B![2XL#AO`9(SQ"T+I0SBMMKU-FM
M/'YEN?I1?:7[0-1_()OW5*%%]I?M`U'\@F_=4*NW'W)3[+*"V(ZGL>F+O=:B
M^5O@L4].QD9Z-S]YP>21XH/4KG_.WL_^/O\`[67^ZJ+V1Z,MFL[G<J2Z3U<3
M*:!LC#3O:TDEV..05:WYB=)_&-X_YT?]Q=35QTSM?6-Y]#3H=O`N%+!6VV[4
M]CU/=[546.M\*B@IWLD/1N9NN+\@>,!U*^]G/N>:?^;HOW5G?:YHRV:,N=MI
M;9/52LJ8'2/-0]KB"'8X8`6B-G'N>Z>^;XOW57J^!:>'!R)4\76RXN90.P;W
M1XODT_V!:H64-B-3%1[2Z-E0X1F9DT#=XX\<C@/*=W'E6K\A5])=\O8GI.[*
M3]4K_D:Q?*W_`':FNQSW-+#_`*E_WCE`_5*U4/@=AHM]IG,TDNYGB&[H;DCR
MGZBI]L@8Z/9M8&O&":<N\Q>XCZBL6?V</?\`D1[]^Q0=;[N;O]H6_>A:Q63J
MWW<S_M"W[T+6*EK^5?L8TW.7N%R-6^U6]?(9_NW+KKC:J<U^D[RYC@YIH)R"
M#D']&Y:$.TC9ER*%]3;[:;I\WC[QJTFLV>IM]M-T^;Q]XU:36YTCW[_8HTW=
MH(OR][(VESW!K1S).`BT38,Y:EV::\O&JJ[4--1TE(^>HZ>-HK071$8QQ`Y\
M,KU_DEML_G!-_:?_`&6A$6[\=/"32V]"CX>.<Y9G.#9!K>^U[9]3WN-K&G!E
MDJ'5,F/V0>`](5YZ5T];=+V:&TVN,M@C\9SG'+I'GFYQZR?^R[**J[4V6K$N
M7D3A5&&Z(WK71]HUA;117.-PDCR8*B/A)"X]8/8>L'@52\NQ_7%CK'SZ;OL)
M&>$D50^FD([P,CZUHQ$JU5E2X4]O)F)TQF\OF9RJ-E^TV_O;'?;Y&^$'_2:Y
M\P'>&@8^Q6AL\V:VC1H-7TAKKJ]NZZJD;@,!YM8WWH[3Q)^I3U%FS5V3CP\E
MZ"-,(O/B>*\VRDO-KJK77Q])2U,9CD;G!P>P]1',+/\`6[&]866Y^%Z7N\4C
M6G]',)W4\S1V''`^8\>Q:-11IU,Z<J/)F9U1GS,]U&DMM=1!T$U^D,9&"!<M
MTD=Y`!*[NSC8_+9+O!?-0UD-14T[ND@IX,EC7]3G.(&2.8`'/CDJYT5DM98X
MN*PL^2(JB*>7N<'6M-<*W2USH+72LJ*JK@?3M:^41M:'@M+B3V9SCK5`VS99
MM,M+Y)+741T3Y&AKW4]P,9<!QP<<UIQ%&G53IBXQ2W,SIC-Y9G)^A=L<C2Q]
M]J'-/,&[O7VTSL1N]3<F5>JJZ!E-O[\L,,AEEFX\07$8`/6>)6AT5CU]N,+"
M]D1^&AG<BFT*V7&YZ-K;+9J.*6:JCZ`!\HB;$WX7+CC`&%1]MV7;3K4Z5]KJ
MF43I0!(:>XF/?`Y9QSYK3:*NG53JBXQ2PR4Z8S>69T_(C;+\?5/]L/72TKI#
M:/1:PL-=J.JJ*ZWP5#G.WJ\SB(F-X#BTGOQGO5\HIRULVFL+?T(K3Q3SEE2;
M:-':CU?56F.STM.Z"C9(72RU`82YY'`#'4&CCW]RA%'L]VN4--'245VDIZ:,
M89%#=7,:T9SP`X#FM)(L5ZR<(*"2PA*B,I<3,Z?D1ME^/JG^V'J<[(+!JJRW
M*_R:J,TU14,I^CJ9)^F$@;TG`.)SPR.'>K218LU<YQ<6EOZ&8T1B\IA1_75!
M7732-VMMNA9+5U5.Z&-KY-P>-P))[AD^92!%K1EPM-%K65@IK8WH?4ND;W7S
MW>FIA35-.&!\50'EKFNR!C'7D^A7*B*RZV5LN.7,C""@L(IG;%H?4VKKY13V
MJDIO!J6G+.DEJ0TO<YV3XN.&,*QM"T%;:](VBVW&%D572T[89&L?OCQ>`(/>
M,'SJ0(LSOE*M5OD@JTI.7F49KW8Q55MVJ+OIBL@B,\AE?2SDL#'DY)8X`XR>
M.".':N=#I/;9!!T$=^E$>``#<MX@>4C/UK0B*Y:VQ147AX\T0=$<Y6QG>U[&
M=3WBZ"MU=>&"-SATKFSNGGD`Z@XC`\O''8M`4M-#04,-'1PAD$$0CBC;P`:T
M8`^I>A%5=J)W8XO`E"J,.1FV_;,=>W+4]=?Z:EI:22HJG5,8;7#?B).1AP',
M=H7W_(C;-\?5/]L/6BT5WQ]F$L+;T*_AH\\LSC+H;;&Z)[7WJID:6D%GKN[Q
MAV*U;;;KO!LII+1#;MZYFV-I33RR"+<<YFZ<GCRSGS*<HJ[-5*S&4MB<:5'D
MS,-LV5[2[5(Z6V3Q4<KV[CGT]P,9<WG@D#ED+I_D1ME^/JG^V'K1:*U](6-Y
M:7R(+307)LS/=-";5I*8"YU55<J4.!=3BXF;)XX.ZXX."BTPBRND+%X(P]-'
MS"(BT#9"(B`(B(`B(@"(B`+YU,O0T\LV,[C"[&<9P,KZ+^$!P((!!X$%`5,S
M;CIL4\<TUGO<>\T$GH&%H)'4[>&?*O50;8K'<:ZAH:2T7<25=1%`Q\T361C?
M<&Y+MX]OG3;\UK-G,K&-#6BJ@``&`!E2_0\;)-$:=;(QK@+?3'#AGB&-(/I6
M[)4JI6</-XYE"<^/AS]#HWVZT]DL];=JIKG04D3I7M81O$#J&2!GSKD:(UE;
M-9T5366R&IBCIY>B<VH#0[.`<X!/#CUJOMO&HJ1TEJT?)7BD@JY63W"?!/10
M@\!@9)R03C]D=JB.D-2V#2^U*1FGZ\2Z9NFY$[@YHA)]CD.P?%=GCV.*S7I.
M*ERQOS7L8E=B>/`T+?[K#8[-6W>HBEEAI(C+(R+&\6CGC)`^M<+0^O+)K,58
MM@GAEIB-Z*H#6O+3[X`$\,\,]J^VTKV@:B^03?NJA[/I*\4.B[-M"TG42MN-
M.)75<+?&+FMD<-YHZQNC#F]8XCBHT4PG6W)X><(S99*,\+D7K?\`6MOL>I+7
MI^IHJR2JN1:*=\0869+MWB2X$8\BZ6J[_2Z8L<]ZK8)YJ:`M#VP!I<`YP:#@
MD=9"H>JUA2ZRU[L^N$3.AJHIFQU4/'#'](#P/6T\Q]:M/;;[F5Y_]G[UB2TZ
MC.N$ESY_/`5N8R:\#O4.JK95:4CU3*74EO?"9AX26M<&Y(&>)&3C@,]87-T7
MKVCUA(_UKL]UCIH^#ZJHC8R)KL>QR'$D]P!QUX6>*J/4LFF=.734%%43:/I7
MMAC@ADW-Y@/%QQQ!=Q`<>S`QGCJ+2M19JFP4,VGQ"VUNB'0-A:&M:.S'40>8
MYYRLWT0JCGGE_LO_`*8KL<WY$?UCM%M.DKM3VNOH+C//41"6+P6-KPX9(Q@N
M!SD=BY'YX+1UZ;U-]!']Y1/;(;BW:II,VAL+KB(F>#";V!DZ5V-[N4QL%1M4
M-_MS-14UK9:7/<)W47%P_1NW<Y/`;V.7<I=56JXR:W:SSP..3DU_@F&GKVV]
MZ;I;[#2R,;40F5D!<"_KP,\!G@H)3[:=/U(<::QZ@F#3AQBI6OP>PX<K1<T-
MA<&@`8/`!9JV0736%NMMX.F=.076`U`=,Y]0(W,<&G``SD\.Q0HJA.,Y-<L8
MWQS]3-DY1:62V--;5M,7Z[QVAC:ZAK93NQ,K(0P/=\$$$X/EQE3"^7BW6*US
MW2Z5+:>DA&7//')/```<22>0"HK3$ETVI:\H+]6-H+=%8WL,D$;G&9^';PX'
MB1O#&>&.(YJS]K&FYM4Z1DMU-50T]0R>.:,S.W6/<,C=)ZL[V!WX2VFN-L8O
M;S\<"$Y.+?/R(\=M=AR9F6.^OH0?\:%.W<\OLE.-)ZLLNK*26JLL\DK(B&R!
M\3F%CB,XXC!..PGJ54T-5MML5OAH18J*MI:=@B8-V-YW&C`'B/&>'#DI5L8U
M+27RW7.DBLD-IJZ2H+ZF*#(C>^0G+@#Q:<M(+>K`PI7404'*"Y>3S\S%=DG)
M)_8LM$1:)L!$1`$1$`1$0!$1`$1$`1$0!$1`$1$`1$0!$1`$1$!66WP;^AF0
MG@V2MB!(Y\`X_P`%)=FT[Y]"6%[P,MI&1\.QOBCZ@B+:E_;+W?V*5WK]BNMF
M3A>=INJ;I<F,J*G<<QA>W(C:)-T-:#R&&@>;O*Z.WZU4$FE**<4[&31UK6MD
M8T-(#F.R//@>A$5[;6JCCT^Q7_TO]S[RW.LN6PB>MK).DJ)*!\+WD<7`/Z/)
M[\#/E71V'2.=H"F@.-VGGFC8>LC>WN/G<415V+%4U_[?R3CVU[%;:MM%OLFV
M>V2VRG;3M=4TM08F^PWW/PX@=6>>`K-VV$_F\KX?>RRPL<>L#I`>'H1%;-MS
MI;]/N02_+,^NS2DIKELNM=!7P,GI9*=\$D;QD/8'N''S*M-C]QK;-KF;35).
MYUJJ9YPZ&4[VX6;V'-/43@`]J(L1W5R8ES@?S;M).W7-MJ(*B6GGI:-CH98C
MAS7;[CG/:H8-5:NR/_%MY^DG\$1=#2PC*F.446MJ;P7]L]K:ENRJBKY9GSU+
M:6>0R3.+B]P<\Y<>9Y*'>IT)C@OE,.+"^*7)YY((]'!$7-?8N]U]S87:A['%
MU;,_2^V0W&RXIY)C$9HP/$EZ3`?O#OY\.L9YJWMHECI]0:8J*&JJJJ"%IZ8^
M#O#2\M!(!R#PS@^4!$4I]JI^B$>4T9R]?]3Q[UK9JJ\^"A_1X\)\;=Y8WL96
MAMFFE[7IK3\?K>)72UH;-433.WGR.QPY`#`XX&.LHBV.D$HUKAVR5Z?>6Y,$
41%QC="(B`(B(`B(@"(B`(B(#_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g475561.jpg
<DESCRIPTION>G475561.JPG
<TEXT>
begin 644 g475561.jpg
M_]C_X``02D9)1@`!`0$!L`&P``#__@`Y1$E32S$S-#I;,#9.64,U+C`V3EE#
M-#4V-2Y/5510551=-#4V-5])1D-?2%1-3%]/3DQ9+D504__;`$,`!P4&!@8%
M!P8&!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@&1HE,B4H+"TO
M,"\=(S0X-"XW*BXO+O_;`$,!"`@("PH+%@P,%BX>&AXN+BXN+BXN+BXN+BXN
M+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+O_``!$(`WX"
MK`,!(@`"$0$#$0'_Q``<``$``04!`0``````````````!@(#!`4'`0C_Q`!:
M$``!`P,#`00&!`<+"04'!`,!``(#!`41!A(A,0<305$4(C)A<8$5D:'1%B-"
M4I*QP0@7)#-456)R=).R-#8W4X*4PM+A)35#8_`X5F2#A+/Q1$9SM'6BP__$
M`!H!`0`#`0$!```````````````!`@,$!0;_Q``S$0$``@(!`P,!!@4%`0$!
M`````0(#$2$$$C$305$4!2(R4F%Q%2,S@9%"H;'!\.'1\?_:``P#`0`"$0,1
M`#\`^D41$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!
M$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!
M$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!
M$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!,KF';]55-)HB*6EJ)8)/38QNB>6G&U
MW&0OFOZ<O7\\5_\`O+_O7?T_0SGIWQ;3GR]1&.VIA]QY3*^'/IR]?SQ7_P"\
MO^]/IR]?SQ7_`.\O^];_`,*M^9E];7X?<>4ROASZ<O7\\5_^\O\`O3Z<O7\\
M5_\`O+_O3^%6_,?6U^'W'E,KX<^G+U_/%?\`[R_[T^G+U_/%?_O+_O3^%6_,
M?6U^'W'E,KX<^G+U_/%?_O+_`+T^G+U_/%?_`+R_[T_A5OS'UM?A]QY3*^'/
MIR]?SQ7_`.\O^]/IR]?SQ7_[R_[T_A5OS'UM?A]QY1?#GTY>OYXK_P#>7_>O
MK7LJFEG[/K%-/*^65U/ESWN+B?6/4E<W4]%."L6F=ML6>,DZB$N1$7$W$1$!
M$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!
M$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1!RG]T/\`
MYB1?VZ/_``N7S"OI[]T/_F)%_;H_\+E\PKZ#[-_H_P!WF=9_4$1%Z#E$5RGI
MYZE^RG@DF?\`FQL+C]06]I-%ZMK`'4VG+D]I_*]'<!]JK:]:^9TM%9GQ"/(I
MQ#V6:ZE!(L4C<?GR-;^LI-V6:ZB:";%([/YDC7?J*S^HQ?FC_*WHY/A!T4AK
M-%:MH@34Z<N3&C\KN'$?6%HZBGJ*9^RI@EA?^;*PL/U%:5O6WB=JS6T>86D1
M%947V%V2?Z.=/_V?_B<OCU?879)_HYT__9_^)R\O[5_IU_=V='^*4R1$7AO1
M$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0
M$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1!RG]
MT/\`YB1?VZ/_``N7S/1TE56U#*:CIY)YWG#8XVESC\@OK;M9H[#6:88-27"6
MCMT52V1SHAE\A`.&-Z\G/V+AM7VE1VFF=;M"V>&STI!#JF1HDJ9/>7=!X>:]
MKH,EHQ=M*[G?]G!U-:S?=I6[=V7UL%,*_5UUI-.T1Z>D.#I7?!@/ZSGW*_)7
M=E>GV[*&U5NI:IO_`(U6\Q0GY#[ESNLK*VXU3JBLJ9JFH>>7R.+G$E3JQ]G9
MCM[+YK*XLL=I/(CD_P`HF'DUGA]1/N75DC4;RW_M''_V6-9WQCK_`'E=D[5[
M[&&0:?M=KM#`-K&TU,'O(^)ZE9]-^_/J)F^.2["!X]I[FP,(^>%BN[0++IQK
MJ70NGH82.#<+@WO9G^\#P4/O.K=27J0ON-YJY0?R!(6M'NP,*M<,SS6D1^_,
M_P#O[K3DB/Q6F?V=#=V>=H,S'/KM5TE/GEPFN;Q_ARJ7=GO:/3-::#44-66\
MM;3W-V3\-V%R%Q+CN<=Q\SR5[&]\3MT3G,=YM.#]BT]')^:/\?\`U3U:_$_Y
M=-K:WM?TQ&7UDUXB@CX+W!LT?UC(5F#M9ODK'17VV6J\QG@^D4X:['Q:M!8=
M>ZKL3F^A7B=T0ZPSGO6'X@J3?A5HW5Q;%K"S?1E<[@7.V#:![WLYS]JSMBU^
M.D3^L>?_`']UXOO\-IC]U$==V6:@:(ZZU5NFJIW_`(U(\RPCX@_<K%R[+Z^2
MG-?I.YTFHJ+_`.&<&RM^+"?U'Y+7ZK[/[E9*5MTM]1#>++)RVLH_6#/<\#.W
MX]%$[?7UMMJ6U5!534T[>DD3RTJ]*S,=V&_]IY_^PK:T1.LE5%535%'4/IJN
M"2">,X?'(W:YI]X*^O.R3_1SI_\`L_\`Q.7"*;M%I+W3-MNO;/%<J?`#:VG:
M(ZF+^EGQ^Q?1&@XK7!I&U166IDJ+<(?Q$LHPYS<D\\#GP7#]HWM..*WKJ=_V
M='2UK%IFLI"B(O(=HB(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@
M(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@
M(B("(B`B(@(B(.4_NA_\Q(O[='_A<OFVTVVNN]PAMUNIWU%5,[:R-@Z^_P!P
M]Z^H>VVTU][TO16RVT[IZJ>OC#6C^J[))\`/-<KN]VMW9O;)-/::GCJ=1S#%
MPN;0"(1_JV>1_P#75>UT.6:X>RO-IG_TRX>HIN_=;P]QI[LN80]E/>]7D#+2
M,PT!Q]KOM^"YM?+U=+]7/K[M6RU50X]7NR&CR:/`>X+7O>^1[I)'N>]QRYSC
MDD^9*\7H8\,5GNGFWRY+Y-\1Q`B+H_9[V:U.H(?IF]3&W6&/UC*_U73`==OD
M/?\`4K9<M,5>Z\ZA6E)O.H<Y8Q[W!K&ESCT#1DKP@@X/!\E]*0ZITQI>+T'2
M=AB+&\.G?QWGOSRX_-55-1HC7L?H=]MS*"X.&(ZIN&G<?)XZ_!R\BOVYAF_;
MKAKZ=)XBW+YI13#7V@[OHZL_A#346Z0XAK&#U7=<-=Y.XZ?4H>O8I>MZ]U9W
M#*U9K.I2#2>K;SI:K[ZW5!,#S^.I9.8IAX@M^'BIG<-.V37E%+>=$Q-I+O&-
M]9920,^;HCP,>X?8N6+*MEPK;570U]NJ9*>JA=N9(PX(/[1[EGDP[GOIQ;_G
M]UZ9..VW,,>1CXY'1R-+7M):YKA@@CJ"OL#LD_T<Z?\`[/\`\3EQ:LIK?VH6
MR6Y6R".EUE2Q[ZJE;PVN8!C<P?G=/U>17;.RF.2'L]L44K',D9`6N:X8+2'N
MR"%YOVAE[\41/$Q/,.KIJ=MIF/"7HB+R'<(B("(B`B(@(B("(B`B(@(B("(B
M`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B
M`B(@(B("(B`B(@(B("(B`B(@(B("(B"!=LFH+AIS1DM5;'B.IGE;3B7QC#@2
M7#W\?:ODESG.<7.)+B<DDY)*^G?W0_\`F)%_;H_\+E\PKW_LRL1BW^KS>LF>
M_0B+H79/H*75UU](K6/99J5P,S\$=\[_`%8/ZSX!=V3)7'6;6\.:E)O.H9W9
MCH6GK(3JK5`$5AI^8XW]:EPZ#'YN?K4IU!?;GJ.44U%22QVV'#8:6GC)``Z$
M@#K]@4ZU37:4MSX8*[^&&D`;3V^$XCB`XY`XS\?J47JNT:Y!HBM-#24$`&`T
M,W$?J`^I?&?:'63U%_O3J/B'1DBE([.[7[>91^'2VHIANCM%41[VX_6J*C3=
M^I@3-::H`>4>[]65G2ZWU1+G==7C/YK&C]054.NM4Q.S])EX\GQM(_4O._E_
MJY_Y'Z_[-E8=012TKM,ZOIO2+9,-@=4,.Z+RSGP'@>H7*^TK0U3I"YA\.Z>S
MU)S2U&<\==KB/$?:%U:+7YK(_1]06>EKX3U<UNUP]X!SS]2EUJ@TIJ;3U388
M9W2T,S<>AS/_`!D'CZN>>#R/)>M]F]=."W;O=732*Y:]O=OX^7R*BDFN=*5^
MD+Y);:O+XB-\$X;ALK//X^84;7U]+1>L6KX<MJS6=2R[5<:RTW"GN-OG=#50
M/#XWM/0_=[E]EZ(N\E^TI:[O-$R*6JA#WL9[(=D@X^8ROBE?879)_HYT_P#V
M?_B<O,^U:QV5M[[=G1S.YA,D1%XCT!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!
M$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!
M$1`1$0$1$!$1`1$0$1$!$1`1$0<I_=#_`.8D7]NC_P`+E\PKZ>_=#_YB1?VZ
M/_"Y?--!1U%PKJ>AI(C+43R-CC8/%Q.`OH/LV=8-S\O-ZOG(VVC=,5^J[U%;
M*$;0?6FF</5A9XN/[/,KM=XU'2V6UQZ6TH.YHJ9O=OJ6G#I#^40?>>I6)704
MFB=/1Z5M;VFXSM#[I5,ZO=CV`?+D_+XJ)`9P`OGOM7[2G-?TZ?AAC>_IQV5\
M^_\`^!)<27$DGDDGJBDEHT9J"Z-9)%1F&!W26<[1CSQU*W$VB[+:QNOVJZ.G
M(]IC2`1]9S]B\JF#)?\`##.N#);F(0-%,L]DT`/>:KDF<.NUQ/U88F.RBH`[
MG5KX7$<![L#[6K?^'=3K?;*WTU_F/\H:KD$TU/,R:"5\4K#EKV.P1\U.(]#6
M^Y,[RPZGHJO/LL.,_8<_8M#>-)WZTASZJ@>Z$?\`BQ>NW[.BY[X<E/Q1I6V#
M)3F8;]U1;NT:SC3NH'-I[I'ZU'6-`&7X_;XCQ^*X-J2Q7'3EWGM5SBV5$1ZC
MV7M\'-/B"IZUQ:YKV.(<#D$'H5.;C00]INDW4<FQNI;:W=!,X\RCQ!]QQ@^1
MP5[7V3]ISCMZ62>&M;>M&I_%_P`OG1?879)_HYT__9_^)R^0)HI()I()F%DL
M;BQ[7=6D'!"^O^R3_1SI_P#L_P#Q.7L_:G]*O[MNC_%*9(B+PWHB(B`B(@(B
M("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B
M("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@Y3^Z'_S$B_MT
M?^%R@?8Q:H+7;;GKFXQM+:=I@H0X=9/%P^L#ZUT#]T!%)/HNF@B:7227")C0
M/$D.`5=9IESZ:QZ+H28J*WP-GK)O(G(^L^L?FNO)U$X^B[:^;2X\M9]3NCS$
M<?N@]IL]WU3<Y7PM+WO>7S3OR&-)\S^Q;6[:ET3H$/IZ&)M\OK!ASL@QQN][
MN0/@,E1WM%[0XJ2&32FC"*:WPDLGJXSZTSNA#3Y>9ZE<?)R<E6^S_L:(B,F;
MS\.7=<7CFWRFNH^TS5]^<YLUT?24YX[BCS$W'D2#D_,J&2R/ED,DKW/>>KGG
M)/S*I1?04QTI&JQIE:]K>9,GS3)1%=57!-+3R"6"5\4@Z/C<6D?,*<:;[4M7
M6,MC-?\`2%+^5#6YDX\@[J%!$5+XJ9(U:-K5O:OB7T';;KHG7[>[IL6._%O\
M2_#8Y7>0/1WV'W+70"[:,U##-4PNCDB=SCV96>.#XC"X<USF.#VN+7-.00<$
M'S7:=`ZWI=34T>DM9RATIPVAN#N'-=T#7'SZ8/CT*^=^T/L>(CU<'M[-8F,D
M[\68';IIR&&NI-76UH]!N@'>;1PV7;G/S`^L%=G[)/\`1SI_^S_\3E&JBQ5-
MQT5?M%5T>^MHF&:B=^>.7,(^>1\RI-V2@CLYL`/!%/S^DY1/43FZ2L3YB=.S
M#7[_`'?,?[IBB(N5U"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B
M`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B
M`B(@(B("(B`B(@TNH;/]+RVC<Y@CHZYE6\._*VM=@#YD+6:^M%_NMBGMVFIZ
M2EGK';:F>=[FGN\8(;M!Y/3X94M17K>8F)^%9K$P^9OWB=6_SA9_[V3_`)$_
M>)U;_.%G_O9/^1?3*+L_B6?YAA])C?,W[Q.K?YPL_P#>R?\`(G[Q.K?YPL_]
M[)_R+Z91/XEG^8/I,;YF_>)U;_.%G_O9/^1/WB=6_P`X6?\`O9/^1?3*)_$L
M_P`P?28WS-^\3JW^<+/_`'LG_(G[Q.K?YPL_][)_R+Z91/XEG^8/I,;YF_>)
MU;_.%G_O9/\`D3]XK5W\X6C^]D_Y%],HG\2S_,'TF-&]'VR\4EHHH]1RTT]S
MI6.A[^G<2)(_#.0#G@+;VF@BME"RBAP(V.>6@>`<XNQ\LK-1<,VW,S\NB(T(
MB*$B(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@
M(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B#D7:+VC7_3.K(;
M%;;;1U?I$<;H@\N#RYQ(V^74+'?K3M8B:9)-`M+6\D-R2?D#E1WM:_TR:>^-
M+_\`=*^AUWWG'BQTGLB=Q^KGKW6M:-^'/NSSM)HM65,MKJ:.2WW>%I<^!Y]5
MV#@[3UR/$'E9VONT"SZ,B9'5!]37RMW14L7M$=-Q)Z!<NN`CA_=&TPH?5WS,
M[X,\S"=V?EA45;*:L_="NAOY#Z=LH%.V;EAQ$#&.?#=D_%7^FQS?N]NWNU_T
MKZMNW7OO3<LU_P!J%6T5]%H9WH/M!IC>2YON\3\@I+H3M2M^H[A]#7&CDMEW
MY:(I#ZCW#JT$\AWN*Z2%\\=ND=+3Z\L%1;-K+H\-,W=<.)$C1&3CQZCX!4Q>
MGGMV=NOB8_[6OW8X[M[3CM/UW>M(W>V4E#34,\->,-,V[<QVX#G'AR%TN`O,
M,9DV]X6C=MZ9QSA<(_=`Y^G])EW7)S^FQ=XA_BF?U1^I99J5C%2T1S.UZ6F;
MVB?9S*LUW>X.U2/1;*:A--(]I$YW;@PLWXQY^"Q^TWM"OND]245IMU!1U;:N
M!KXP_<'[BXMQY=0HY<__`&DZ3X1__P!<K"[?14'7VGA1D"I-,SNB[IO[XXS\
M\+JQX<<Y*1,>:[8VR6BMIW[I+^&7:RWUG:!86CD@$\_:I!V=]I$.JZVHM%9;
MI+?=Z=I<^(G+2`<.QGD$$\@J-/INW/:[%5;,_P!&1F?U+4]BS:2EUQ=Z>_"K
M;JQPD#^]+>[(R"[&/RCP?+'15OBQVQVG4;CXF4Q>T6B.?[I3#KZ_3=J,NBVT
MM`(&3D=^=VXL#`_IYX./BNJKY_H/_:1J_P#^1W_]=J^@!T7/U5*U[>V/,1+7
M%:9WOY:C55?56K3MQN5&V)U130ND8V7.TX\#A<ALG:7VBWZE=66?2%/64[7F
M-SXR<!V`<<GR(75=>?YFWO\`LDGZEP7LJ?VD-T]4#1\-"^W^E.[PU!;N[S:W
M/4],;5KTV.DXK6F(WOW4RVF+Q$?[)L[5_:R<-?HAL+"X!TC6EY8,C)QGGA=B
M826-+NN.5#>SYVLG.N7X9-C;4;H^X$1'=[<'.,>.>JFBY\\QW:B(C7PUI$ZW
M,H=VG:FN&D]."[V^"GF<V=L;V39P0<],>.5LM$7>JOVEK;>*R.*.:KB[PLBS
MM;DG`Y^"B';_`/Z/Y/[5%^U0+2+NU\::MHL,<!M7<CT8DQYV9/7)SYK>F"M\
M$6W$3OW9VR37)KS&G0^UC7%UT7]&RT%-25$547,<)MVX.'.>/#"O=H.K;WI;
M2MOO<$%#,^38RHC?N`W.&<M]V?-<3[3G:_,-N_#1D38^\=Z/LV=<#/L^Y=/[
M<_\`1E0__P`T'^%:QT]*^E$ZG<SM3U+3WSXTZ)HZY55YTS;;K6MA9/50B5S8
ML[6@\@<^["AG:?KN\Z1O%JHZ&EHIX:]I#3-NW,<'`'./#U@I/V;?YA6#^QQ_
MJ7+/W0?.I-)`=<OX_P#F1K#!CK;J.V8XY:9+3&/<?HG/:MK&Z:,M5NKZ*GI:
MCOY3#*V7<,';N!&/@?L4KTO6UERT_;[A7"%M14PME<V'.T;AD#GW+E_[I+_-
M6T_V[_\`Y/72M%?YHV3^PP_X`JWI6.GK:(YF936T^I,-XN5U^N[_``=IL>C8
MJ:WF*61I;.[?D,+=V"//`*ZHN!W7_P!HVB_V/_M.4=+2MIMW1XB9,LS$1KYA
MWQ$1<S41$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0
M$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0<9[3-!ZIO^M*:^V3T2-M
M+'&(GRR@'>UQ=G&/-5OH.W![2WZ9MC<^+6QY_P`*[&BZ8ZJW;%9B)U\PR]*-
MS.YY<S[.NS9^G;G-J"]W#Z0O4P(W8.V/=U.3R7'S69VC]F]#K%T5?#4FANT+
M0UE0&Y#F@Y`</<>A'(70$5)ZC)W^IOE;TZ]O;KAQ2.S=MM'&*"GOM%-3M&T3
MR.87@>>7-S]:VVA^RQULO?X1ZFN7TI==V]@YVL?^<2>7'[%U5%>W57F)B(B-
M_$*QBKO<\H%VIZ#_``VH*3T>K;2UU&YQB>]I+7!V,M..1T!RHI36_MOH:>.A
M@N%KEAB:&,ED+"[`X'5O/S7:$44ZBU:]DQ$Q'S"9Q1,[\.5:"[.[M0ZFDU=J
MNYLK+LX.V-CZ-<1M))Z=.``,<K$[5M#ZFU-JFWW6RMI8V44#6M?-*`2\/+LX
MQX<+KY('4X\$RD=5DC)ZGOX/2KV]KCKZ#MQ<TCZ9MC<^(;'G_"LOLW[-KG9M
M03:GU)<655RD:[#&$NPYW5Q=XG'`"ZN"",@@CW+U3/56FLUB(C?Q!&*-[GEP
MV^Z$UV>T*OU;8'T-,^24F!TLH<0W8&9((QR!]JV/H7;A_.]K_1C_`.5=ARBG
MZNTQ$36)U^B/2B/$RYS:[7K6IT3J&WZADCJKS52/;`>\`CV%C`,8&``=W&.J
MA>F='=K.EZ"2@LM?;(*=\AE<UQ:_+B`,Y+?(!=Z117JK5W&HU/Z)G%$ZY\.-
M3T';<Z)S7W:WEA]H1=VUY'C@[>"NP4P>*>(29WA@W9\\<JYE-PSC(R.<+/)E
M[]<1'[0M6O;[H3VKZ>NFI],"U6ID)F=.Q[C+)M#6C/UK:Z"M=99=(VJTU[6-
MJ:6$1OV.W-.">05(LHHG+:<?I^WD[8[NYR_MCT=>]7MM<-ICI]M*Y[WOEEV\
MG```PI'JC2HU5HQEDKGBEJ>[C<'M]<12M`^L=0I9N&<9Y\EZK>O>(K$?Z?".
MR-S/RX?:=.=L&F:-MJLURMM101$]UWI;ZHSGC<,@>[*R+9V<:JOVIJ2_:\NL
M$PI2TLIX.<X.0.``!GYE=H1:3U=^9B(B9]]<J^C5SGMBTI>-76FWT%I9!NAJ
M#-(^63:`-I:`//VOL4<H;/VTT%%3T5-=;6V""-L<;2&'#0,`9VKM**M.IM6D
M4U$Q'S"9Q1,]SENG*+M4;J:URZDN%--:6/>9F4Q8W_PW!N[`!(SCYX6FU=HC
M6U;V@RZKL)HJ9\>T0.EE#CPW&2,8YST7:T4QU-JV[HB/&O!.*)C4RX]Z%VX?
MSO:_T8_^53'L^I]7T\-Q_#"H9/5/F:8G1D;-FWP```Y4P15OGFT:[8C]H36F
MIWN1$18+B(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(
MB`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B#77ZT4E]M
M4]KKN\]&FV[Q&\M<<$'J.1T7'*+0M@F[4;GIY[:SZ.@MD=0R/TN3(>7`$YSE
M=T6AI],TD&K:G5#:BH-944S:9\9+>[#`<C`QG/'FM\.::1:-^W^[.](MKA"N
MU.MI-.Z-M^E*.M;2OKW,I(YIW_Q,((WO<?<,#YJSV'Z@AEH:[2CZR.IGMDKW
M0SQNW-GA+N'`^XG[5-JC2=NJ]3MU%6R354S(#!%3S!CH8VD@DANW.>.N58=H
MFU-U53ZFHY9Z*KBC[IT=-L9%*WR<W;S]:TC+CG%Z<^?._P!5>VW?W.37N/4<
M?:QJ.\:<<9:BU,BGDI"2>_C<UK7M`Z=!G]2W=@U+;=5]JMDN=OWL!M<PG@?G
M=%(W'!'0D9X*Z1;M+45!JBYZDBJ*EU5<&-9+&XM[L!N,8&,^'FL"BT#9*'6,
MFK*(SP5DC7-?!'M$)W##CMQG)Z]>JO.?',:F.8C4?X1&.T3Q\N>ZXNUULG:O
M45%CM<EPKGVCU(FDEK#DYD(\<`*0]D%KM5=;_P`+9+B^Z7NJ<75$TA(]'>>K
M`SH/CXJ8C3%&-7.U5Z34^F.IO1>ZRWN]F<],9SGWK%M&C+?9]1UM\ME55TWI
MIS/1L+?1W''4-VY!SSD'Q*K;-2<?;'$ZCGY_1,4F+;ER:^VZ&O[5-1T\U@N=
MWB8R-XAH:KNN[)`RXY<.JZ=V=6"W6NUNN%);:RW35[6B>DJIW2NCV.<`,GXG
MW*S<^SJBKK]67V._7NAK*O`D]#J&QC`&`/9SA;C3.F?H"6KD^F[K<34-8,W"
M<2F/;N]G@8SN^Q,N:ML<5B?:/G_^%*3%MS#Y^LC=/QT=]K[_`&._5L=/7RL%
M31S.$43-W#3ZPP?EY+K/8Y37R'2]7+5RRBDJ)3):V5$HD='"1ZNXCY*1:=T9
M;+%;KG;89JBIIKC*^69M3M=ZSQAV,-''N5[26E:;2]I?::.X5U12$DQMJ'M)
MBSU#2`,!6S]16]9B/T_]^B,>.:S$N'-MM92T]5-J[1NH:^X]X][[K2UQP&YX
M+0#MX^:[1V9UE+7:+MD])65=6S86NEJS^-+@>0[D]/=PM4WLQH(HI*:EU+J6
MGHGYS2QU_P"+P>HY:3]JE]@LUOL%J@M5LA[JEA&&@G)/F2?$JO49J7KJ//\`
M[_W"<=)K+8HB+C;"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B
M(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B
M(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B
M(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B
M(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B
M(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B
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MJF_U\?Z04ZE'='RO(K/I5-_*(_T@C:FG>X-;/&YQZ`.":E/='RO(B*$B(B`B
M(@(B("(B`B\<YK1EQ`'O5/>Q_GM^M#:M%1WL7^L;]:=]%_K&_6FD;A6BH[V+
M_6-^M.\C_/;]:&X5HJ=[/SA]:]W-_.'UHG;U$R#XH2`@(O-S?SA]:]R/-`1,
MCS3(\T!$R/-$!$1`1$0$1$!$3(\T!$R/-$!$1`1$0$1$!$1`1$0$1$!$1`6'
M=#BF']8+,6%=3BE']<*:^5,GX9:H$9R5<#@K'"J&,=5MIQ1*]E>[E8W#S3>`
M/:31W,C*]SPL=K\JO=A0M$KN4W?!6]R`A#:[N'FFX*VG1-)VNAV$W85H/XY"
M%V?%1H[EW?E5!PZ=5CDD)O/@FCN9&55N^"QN\]Z]WII/<R-P\D+AC'BL?O,I
MO]Z:.Y>+@#R5X7-\PK!=GQ7F6J=([E_<"O#A6M^%X7@)I'<NEK2.1E>;&>#0
MK(E3O3YJ=([H72P>X*TV6%TTD(>TR1X+F@C(STX5FIK::DA,]54,A8WJYV<*
M)V_46C:G4514T-YIYKE5QLB<R+<XD,X`Z8\4B%M;C::G;XJ@EO3"L[\KS</-
M3IG-E3BWR"MNQR,!>[@#U5)<%*DRM%G'3E4[/Z(5XO;A6^\!Z*5)B%G8[ICA
M9%LC_A\#O)RHRX\K(MS7"NAY_*2T\%(^]"4HB+E>N(B("(B`B(@(B(+-6PR1
M`#P.5KG`C((Y6QJ7[&`_T@L.7!!*O66.2.5C`/@O"UK1E4!^,^:J/L\\$]%H
MP5#:?BJ]G`<%C,#L\CE9</3E1/":\JA&[&[P1K\'!67%AS2/%84S-K^%2.6D
MQJ-PO"4#Q22;(P%C/W#HO,GQ4]J.^?"\QYSU67&\.&/%:\'Q"OQOP!RHF$UM
MIEDH!SPL8R=&D\JXV4#"KIIW0O$$*V92'*KO`<@E6G%N[)1,S\,B-Q<.0JU:
MC>WE7-P\U"T2]14EX5'>#/!0W"ZB\W!-P1+U4[55GC*I<[A$/'`!>L\5:+QG
ME51$$G!4HB>5U$10L(B("(B`B(@(B("(B`B(@+7WDD4@(_/'[5L%K[S_`)(/
MZX5J^6>7\$M)O/DF22O04)QRMWG/`5Z,^2J:X=3PJN"43I0#A.\?G&5<+1Y\
MJC;U/EU1.I`\^)50?RJ,<KW`'@FC<KF\^:JW_%6@5YG.1E1I.UXO!\5X7C/"
ML'C@KS'D5.D=S([P]"@>%C[L>*!ZC1W,G<WP7A(\%9W`CE>[AYII/<KR4!QS
MGE4[EYD*4;5%QPO6OX\5;+E;+W`\)I'=ID9'FJ'.YPK.\_)5;@>J:.Y620O,
MXR52YRH+O-3I$R]?(QK7.E<T1@<EY`:![\J%Z&^AZBZW^MML=$#+59=W#VO+
M<9&3@>KDY.%,7M8]A9(UKVNX+7#((4-T5006Z[ZBCIX&PL?4!P:UN`.N.%:O
MB3S5-]PQ[U0YP'@<JV24#O,JJFU6[*]\BK>X>!7F_P`U*-KOJ#DJDR-'@%0[
M#L<JW@`X*:1-F0'+)MSLUL/]9:_=QU65;#_#X/ZR6CA:EOO0ER(BY'L"(B`B
M(@(B("(B##NCMM,#G'K!:ME5ZNT\K/OG^1#^N/VK0M!'0K?'&ZN7-.K,LOW$
MG*&4EH;XA8W.>56UX*OIDN,E=GD\+*9+PL(8ST5T.`Z*)@WIG,G(=U7KGY.2
ML02().>53M6[UU\NUYQR%9=,2O7$%6RW)X5HB%9F5;)3TRKXE]58@8\%5X<!
MRIF((M*\923PK\4C7MP>#YK$QD>]>PG)/7U3A5F(6BTL]FXG&5<+"!E8K7%I
MR"KO?/(Y*SF&L3"L#UE<;\5CME(.5691G*B83$PK?D*@`^>5X7Y7K7(;7P<<
M%5;@`K.[/*]4+[7@[Q"H>[P"H+B!A4Y0FP>JO4W5RLY5ZGZN4RBOE?1$56HB
M(@(B("(B`B(@(B("(B`M?><^B#'YX_:M@M?>3BD&?SPK5\L\OX):(@H<JH8/
M4X63'##(X,;.-WECDK>9T\^*[\,7P7I/R65+3QQ</F`^15LL@'2=KO=G'ZU'
M=">R8:^YW*"U4AKJACWQL(]5@R2K5OU#2ULLM%&R4S1XWMQC(/(/VK)N;(C`
MV*018?DM[R/O&_/"TU-'44\DT]-+:72RM`<\12-.!Q]7"O';,*3:U;:VDAC>
MYY:WJ/!6QN`Y"U;*VXEQD?+;^>0UH<2?K6YA`EB;(QQ<".2UOBJSQY6B8M/"
MQN^*\//*S#3/('L\^9Y5+J.;J&CZU&X3V68G*\R%?DA=&[#QC/ORK+V^2M"D
MQ,*=Q\EYN.<83!'FO,'P4JJP>547*V,A>G*A.U6<>*\+AG"\7A'GU0VJR,*G
M</->'*I)QCA2C;TGG(0''!5`D9@[9&.`)!(<#@C@A1K5^J[?IV*05$P,[-KB
MQO/!..OG[DB)GPCE*-W"9R5#+9K[3=51/J*B\45-(QY8Z-\S0>@.0,Y(YZI-
MVC:.AC#WWZG.?!F7'Z@I[9-6^$U;C&.J45OBDO4KL%HFB;O(\QE<^/:MHEDG
MK79WJGP@><_4%LX^V7LWAE;4"YU;I=F"&TK\?:%2];Q,:AU]/7<3$Q\)W=:*
M*D$9C+CO.#GX+6/:YO=%Q`:\G!^"A=S[<M!S1AK77.4@\8I<8]_)4)O';':*
MFHHW4UOJC'$'!^\[2<GP`..G/V*:1:>)4S8IW,UAVC+2>&EN.GO5)*Y+2]KN
MGY9HVNBN/MNX;%N)'A@96RM_:WH]T89/65<3\GF2G=Y^[*T[>'-Z>3\KH_4]
M4)PHW0:TTM7X]&OU%D]&R2ACC\G8*WS)62,#F/#FD9!!R"FF<[CRNAW*R[6?
M^T8!_26!N"R[2?\`M*G_`*RK;Q*<<_?A-D1%QO=$1$!$1`1$0$1$&MOG^1#^
MN/VJ/Y6_OQQ0@_\`F#]JCF[JNG%^%QY_Q+N[SZ*MJQ]W*K:]:,E_/*JST5C>
M.%6'*-"\"J@59#E[N]ZC2%[*]SY*SN'FO=WO4:%YIQU59=ZJQP]>E_'5-)VK
M,FT9/15AS@6Y:`T^.>JPIY`V,D$^SE:'3]SJZB6FCJ'%P?3=YDC\KO'#]0"M
M%)F-H[XK.I3%KN%5O6"9?4=R00%?8\%HSUPLIJTBR^'*H%6-PRJ@_G@J-)BR
M_E>Y5K>O=P4:6B5X'WJH.XY5D%>Y5=+;7=P\2O-RM93*G1M=+E?I#ESUADK*
MH3ES_@%$QPM2?O,Q$14;B(B`B(@(B("(B`B(@(B("UM].*(?UQ^U;):K4+MM
M`T_^8/VJU/Q0RS<8Y:$2<]5Z7YYY6,'>2K:202.@Z^Y=6GE1:99S9'3MY.96
MC](?>J,D'D8/D5:I6O<V61N0^-NYF//R6T=103`U`;B4@%P!SDX6<SV\-ZUF
M\;CRU5'$*B\;9-^SNR=IZ?);2>*GI:;O70;QC'XN,9'/7DCW*S$RVVZL[VIN
M$3)96AK&32M;CW`$]5?O5304]LG?6U#(X&,)<]Q'QRL[3,^&^''%8GN:K3TK
M+O;37/I1%'('=RTC+BT<9/OSX*[3[HX6-&_`'4_M6ETE?]-T%BB9'>.]@R_U
MI3@C+NF.N!GCA8]?K[3E+,"+HQ[6`AH9&XX'OXYZ+6N.\S,1$L\ML?$[A(GO
M+B&@;GNX:/,J\*AT$#*9LF=@P7?^O!<"U1VF7-MVJW6*X2MHW\1[XFMV@@9P
M.H.1X^:T4/:C?Z:BGA,HFGD=N[Z0\L]P'1=/TE];EA&2?%7:[MJ"MI-1T5!'
M`74\Y.^21P``&,8Y]_*D4E5'&`Z61K&YQDG'*^2+]JZNN]<^NEIZ9E1(`'/:
MTD\#'B>%<J.T+5$U&RB=<<11[<88-W'3)/53.&-0M7#DGE]63W&FB]J=@]V>
M>N%&Z[75MHY@XTU94P/)9&Z",%KI!GU<DCDGHOF"KU3?ZJHGJ);K4&29G=R.
M:=I>W.<''7E:VHKZVI8QE15SRL8/4:]Y(;\%6<5?>6U,-H\Z?5EF[1+%=:XT
M?<U5*\MWQOFV[7-Z$D@^KSQ@J_==;6:@=2AM=22B9Y#L5#1L`:3GZP!\U\G4
MM#75;'/IH7R-:=IVGH>JSSIR]-/K4;F\EN2X8R,9_6%,8J[+X:^\Z?0]9VJ6
M"GC8YE132.=(&O8)LE@\3P.?DHO=.VB,2Q&WP`QMD!>'_E,P01[CG!RN+RV>
MX,IW5+H@(P''KR<'!P/=XJY36.LGB9*'PM8]F]I<\#(Z?L5NRL>R/0I[V3/5
M/:E?+H&MMU=44@#RX]WAO'@!CPZ?:HG/J*_UC<U-YKI"!XSN^]:FIA=3S20R
M$%S#@EIR#[P?)>,)#>G5334RVC'6M=0KDJ:L@[ZF9P)\9"50)&F-[7L+I"00
M\O/`\1CQ7CQZN3U5&.B6X\-(\/<#R"]:_8US0UIW<<CI\%XJ2N>UM'E6]Y>&
MAV/5&!@`<*GA>(HB\Z'J\1%2U]<IB'H)!R#@H%X@2MMIF-*@,G@<KH'9M0ZK
MGNL4MEJ)H((S^-DD<3$!Y$=#\%`Z5DDM3%'!$99'.#6L`Y<3X+ZLTK3BCL%%
M":%M#((@9(&_DNQSSXGWKMK/;7F.7#U>6:5U\M^QQV-#B"[`R0.I6=9W9NE,
M/Z:U8=QU6=9'9NU,!XO6%HXEY^*WWZ_NZ"B(N!]$(B("(B`B(@(B(([K:9\%
MG:^-Q:>^:,CX%0%MSJ/]8[ZE-^T%Q;8F8\:A@^PKG,<CL\X'"]#IHB<;S^IG
M61LOI.<?^([/P5R.Y3^,OV+3N<'.&TG(/(Z*MDA.!@'/'"Z)I##NGY;CZ3G'
M'><_!>_2=0,9E'U+5EXSD#H@<W`X&2J]D+=TMN+I49_C,_)5"YU`/\9]BTK9
M1NR&C.5<WXSPWZT[(3%VZ%RG<YK0X;G$`<=5N/0KSQCNCQ^<%#'2X\!P?-4_
M2$D+VR1R.8\'@[L$*DXY]DQDCW3AENO&XASX1Y<JOZ.NN/XVG^M1REU#0W1D
M,5RD+R6X;50GUFG/1P66ZPUKW!]%7LG@>#L?O(S\<+'GWG7]FW'M&VUN%MJ"
M8W9W;6XR9@P=.>,*Q'9YHZ>G#:=D3(&%C7-J0,M/F<>:WE!#4-ME/%)(U\H;
MR7#(/UJFFK#512QAK`6S&+):2.O!P?\`T%C.28X;1BK,;TP9+56,I&,I7>N1
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MPFR(BX76(B("(B`B(@(B("(B`B(@+3ZF.+<T_P#F-_:MPM%J^5D5J:Y[@!WK
M1D_`J^/\4,>HXQ6_9&-Y*TMRO3**K<R>%SHHF%P#7G=(XC@`=/F5E>FTY_\`
M&9]:A^K:N)M=&6RM.YG@5Z.+%%[:EX,99KS$KXU9='1-_$0Q-.06/;O./#X8
M6H-SND;Q.VYRQX<'B%D@#=WGCQ6IFKH]Q#G]%@U5>P2'UCT\%WUZ>GM#*<TQ
M[K]T=Z28Y)272M>#O=R>3RO:^ZSU#`V>IDF/])Q.%J*JM#V-8WJ7#&/%8,E3
MR6DX(."#YKHKCKQN/#*;7GQ[LI\Y$GM$C&,DK65LOM'A4NJ&[N7'HL&LF+LD
M=!U5[3$0UQ8IFW+#J).2L"5V,\JY._.>1]:PI"2[.>%PY+[E[&+'J'CB`[)<
MK+CDY'1>EQ(P2J1QPN2]G56-`"J\.%XO%A-MK3+*I*^KHP\4TSH]^"2.O!R%
M=?=;BX#-;,,#'#L<8PL!%6+S"NH7I*FHD<723R/<<Y+G$YSU5HG*\11-YE.G
MH50<6MP%2,]?!>`\K7',BHN)X/1>97K=I<`[./<O96!AX/!/&>JBU]SL_1M[
MA56SZ,CI64&ZX'#Y*OO"`./8#>GS6E0G)RO,KGR9.Z5J4U#U`F45(M,2M,;$
M1>*]IWQ"(C7EZBK8.5T'LUTM0WP5=9<8WOBIW-V-:<;G9SCWC`PNB.GXW$LL
MN:,=>ZS4]F%,VIUK;2Z1T8C>7Y:/:(:3CW+Z4W#"@$\]H?=--S6B&&*)U=*Q
M_=1AAW"-P(("FPD&!RMNV8C4O&ZK+ZEHMK3+W>];"PNS=Z7^NM-WN>%L=//'
MTS1C)]M4O'W98X9_F5_>'3D1%YKZ<1$0$1$!$1`1$01/M'&;`S@G^$LZ?`KE
MNYK1ZQ<T#S74.THN&G6[`234,'V%<I@):#N:\-_.()*]/I/Z;S>J_J+QF:_E
MK@6>)RJXI\`$N!SG&%BO>]W$;&X)\`JFQ.<0XM:,+JTYF0V;<WB0X!Z`+U\K
M\!K?5+O'/'U+%Y$KLM(!_*V]/<JYR6G`&7>!\%&C:\R9V2Q_7SVGE>OJBP8;
MAQSR%KIYVQR>O+,2!@AO1859=J2ERZ21H#AD;SY>23&N9-ME75T$3(@^7$TT
MH9&P#.XYY/\`Z\U[6344%;4T5=74@,48?G?APY&,>_S"YQ)7RW"]TTCF3"G8
M\OBW<8\\#X!2*X4])+3S/A;%45<W!<\#\66YV@9Y*\C)U5_7BE?$[>IBZ>L=
M-.7WB8C_`"RJ&_6:DS-4/9A[I)3&'[2]QY&%,-)=H^F::WO,M6VBW3@")\F3
M\?@N*FFCJ!+'(Z4[&@CN7>ICXG'BL>>W44+6#T>0R/.,[MWV$J\WM:.6%.VL
M_J[]?NTVTT4<3J:N;5]Z"`VG?N+,>+CYGR4==VJ7:)\C:2VQ.9(3('/D(+3U
M(/'*Y#3-IZF1U.SO6R,`#6L:.<N`RMY<VP"C?41NEB:R+&YK>`0><_)<V3-%
M;Q#T,73WOBM>/;3H^B.U*6OU#517FHAI:?NAL<YX#2X<<9^*\U)KBWRZDJH8
M:J.>(N:ULC7`M`QS@^XKE]GII[O1]W#&ZI)]0XC`V@^.>OS694Z3]!,,Y9.T
MD\.C?T/S712TUYAQ6G<:E-+?=Z1U7<F&:*)\[,"21V.0TK:Z8DEKK,RKJ*J%
MY8S+^[ZDD^7D%S"@I=\9>^%LC`USB)G8(X&/#WK<VV2*&T5995.:&[WM$)PY
MN?#/18YL]L<UM'O,?X='28:YHM6?:)G^[H?I`:?:^95]DX<W.X+GVF-1NJ`:
M&O+VU`R6OEP`0/,^)4G:X@AW>1./YH=RO6I:MXW#SIW6>4@[UAP<Y7O>CI@_
M4M0QY<02UF<]05FL[O&2<#XJ9JFMY9!D;D#D>?"H,C3^7A4NVC!/3WG"M.<W
M.26@9X.>J:3,RJ?(T'(=GWJ8=G3MU17XZ!C/UE0=Y;U)P!Y*;=G#@:FX`9]B
M/K\7++J(_ERMAG^9"?(B+S'H"(B`B(@(B("(B`B(@(B("YWVVU!IM'1RB39_
M#8AGY.71%RW]T$<:$B.,CT^+CSX>M^E_K5_=AU,;Q6C]'#)+VY\9:V4'!Y>W
M/'VJT+BQ[][HQ-C\_/3R.%H!.!ZK87M\QM!5?>R;?Q09CX\KZ6)A\[.%M:B2
MGEF+F,#-PR&,#L!6'&D:U[9HI"\'C#]N.ON6M8^=TH;WK@3XEW`^I7)H9VY>
M^9A&>H.<J)M.N(3&/4^5UHA<"3(6'\D=<E6Y*;<2!/M)ZDC)5E\KW`=U`T`#
MDYZGS5UGI,K,G#<)$[]E]37G:RZE`)::DN...,+RIM%8R,8DVB5N"'-+<^..
M>O@JYV/:`>"\^3>BKQ63`&>5\CF^R7DG'P5+5W.M-:Y)B-[:BIM-5&WAS'>>
M"L4VVK`Y`:T]"5)#3R2-)QDMZD$E4L=4,C[O!DB<<N8W//[5G;!#2G57U[(]
M%9:N69L8,8#L9<YV`T>95RXV.IH:J2G$T%0&'`DB=EKO@M\V&<M)AAD`/AMZ
M?6O707`@,&UP'3+<$?-4GIJS\K?6WWYA$_0IPX"1I8,]3RK]=;V0R,%'4>E,
M,;7.=L+-KCU;@]<>:EDU.R*)@<`Z9S07'<0UOF.G/Q6/LC!!+(BTC\[E4^AK
M/NM]=/PB)I*D9S"[@9^2O4=KN%;*8:6E?)(&EQ`P.!UZJ4/;$XY$(P/?PO&,
MP<[0/(->!A1/V?7\R?KIUX1]M@O#F.D%OF+&G!?M]7Z^BM16BOF(;#")''\E
MKVY_6I?%5U\5/+315,K(9.L39O5=\0M<^BE?G;`TD>&%7^'_`*IKUT_ZM(HY
MKFG:X$'R*O20FG:QT@:[>,MP[./BI.ZW/(W/@B'GEN5;DMH`+S$PX\VJT=':
ML<2M]=245)+B3U7GR4I-$PQ\0M;D<YP%C_1U/N`+.O7!6-OL^\SO;6O6T^$<
M.[(\E1('@\@CXA2V*VTK<YA:_P")/"5M#!-*-L#8AM``RXCZR2JS]G9/E,=?
MC\:1%I</`JXTDNVAI)*D/T.WW`_UE9=;N[?EK]KAX@]%3^'Y(\KQUN.>(:5>
MK<FVMQ@@@GQ7GT;&W(+N?BICH,D23U=):@'!4VTKJ1]HI.YBG:T.=N<P\9*T
M3;?$?R7%7/HT#HT?4NS#BR8_,1+FSWQ9:]LRS+A>Y8+W%>*.;,AD[U[![._&
M-WQ(*F,>N;A40QNC>QC2T<GKE05M"UH(R!E95.QK&;1MR.GDNC'CGNF;1PY<
MT8[5B(\PG!U=7C:!-N./!2+0.IZRLUA:::23U7SX(^2Y7M)&0T;<<X&2I3V8
M1@:_L1W@?PD8!')X*MFQUC';CVEC@Q1ZE>?>'V`B(OEGT@B(@(B("(B`B(@A
MG:B_9IMCL$_PIF<?!RY`)7"0-#FO:?R6G#A\5UOM98Z32\;69SZ5'T./!RX[
M3-,>![1!Y+L9'S7J]''\IY?5_P!1GRS%C=K0'$CG)(*HAD#B7N>WRQSU6/(9
M`7$2M)!X!&>/)6F5$[Y`V-K#GCH0NK3FVSY)XF;G#VA[E=HZ&KN@>:<%Y'4/
M<&X^&5M;39Z.*EDJ[WNIXF#<7O=M:!\5Y67[TAAH-/0MBIAEKJK9Q[]OG\5A
MDS17B/+6*<;LA=ZJ9:)U10PRAUP@.'M:"]L8\2X]%J)+-=*KNW,[NX/B:6OE
MED#1&XG=QCDXS]JG%!:J6BEFE#'/DG`[Z24[B_'B<JFY5,<3)*>FA&,8D+06
M!H(ZY`ZX7)DO;)Y(MV_A<LK:.MM$D4-7*ZIJGMWAS,#:T`YP598ZJE>)W455
M,7/WMW2@#'E\%)KB*7T^.1[9G^JT-V-,@#2T@\D?#A;FW1TLE'3O'I8]1O$3
M2/#S`Y6'9RVG-,5TBMMABJ'5/I]O92,P-N7/=GZE@U--;^\GPQQ[MN(O5D;S
M[C]_DIM=*NGIH=G>U;`_+,OW#&6G&,]5%[I-2.I*..*29\F"YQD=USX^[X*W
M:8[3/+0Q;@YS6R",$$[S^3@+.O-,SNJ-I=*ULD1?(&9.]W09^I69#$R-[71N
M,98,C'.[.>OP4U;):Z:F@=6R",[=K0/$#G_B7-DK'JTC]WI8[6CI\DQ^G_+6
MZ!U#1Z8IGQ539Y342-X:SV3XGE3#4.I;!>;5-;'ODC=.W`=MVD8(/7Y*/FNT
MX71.-4/5<';23^KR6UIZFS5+!+#$V9H/!9%GE='8\R<T_#F;:69L)C--.X;]
MP?O!SCP^"NT<TU(9X7P5!;*-Y:2.`.IZKI##:JF/OC1$8)!+H3PL8T&G9JE_
M>1QC\7R0<=3R,?)5MC[N)7IU5JSQPB=%8KT_;4QYK*:5F8V]YW;F?6MI!:;S
M05=)53OD]$)9WPSET?//3KPI?;?H^#N(X)9W8`:P.)QCP^Q;P!CVD<C(\5>.
M/#.<D[9%-;Z*MI1-;Y6RM.<;3D96+-35-,-LE+@#R6MH:2JL+C46>1SFN=NE
MII'^J_GJWR*F-HU%;KHPQE^RH:</AD&'M/P\?DNFN:5HBMO"*.>W.'!K0/M5
M7J$#\GWARF55:J&JR\'GS"C-UH33/)BE+Q^;LPMJWBRMJ3#`R1^41SR-RG'9
M@2ZJN1,@<=D?ATY<N?ETH<2Z!Y!Z]5/>RV1SZJY`M``CC_6Y5ZB/Y4K8)_F0
MZ0B(O*>D(B("(B`B(@(B("(B`B(@+F/;[G\!H\.:W^'1<N'N<NG+E_[H`M&A
M8B^0,:*Z(Y/P>NCI?ZU?W8]1_2L^<FSP1!^^9DCL<-:T?K6)%''4S@B,LR<9
M#AA/3*%HQN>3^=X*BFNK8)-S6M>!D;79P5]%-Z^\O!KCMSVQ.VRFHZ=F!N)/
MO'W*U)3PA@E8,>;2.%;EO=#)1.;]&RMK">)&S>H?B,9^U407BN9#MWC8!@-+
M,_:HC+6?$(]'+$1,RO1F+N"71@?TF$9/N5F*H#,DME<P'\X!8;KU40X886N/
MGMR%?@J(JV/=*`9/S&G`'UI&6MIU$\K3AM6-VCA5)42.Q^-A8!R&[L_L5IM4
M20"^,N\,$Y54M&P!P;!4`\;3MX'GT"QY(A&.*2<N\"56;6CRO6M)CA?=4U3>
M6;OBWA54]5('.<X/)]PP5AMPX8F9(?</!9E(VVAN'0U(/GX)6TS):M8CPR37
M3O:":>1WQ/!^Q6GU3WN+)*60.QTW_L5Y]+29&QTX:?$/V_K5>R!@'=O>[C'X
MUX.%K'=,\RYXG''B&+)L;$TM,Y./6:['J_`Y5J(MDD&R%V?+=G*SO1VC#O26
MD'P!.`K,M;'%AI>T^!P,#ZU$QKF97BTSQ6-O>[>[=WC6@>1!X5CO`.!3M&/$
MM'*MOJZ9Q:&![3XDNX^Q9D$L&T8]'D(&<ORTC[T[H]ENV8\PI;+(]X(BB'&`
M#PK;7543SG<X^3!^U9#Y]SL1O>!MZ`M//R"QF.J#/DN&,=-VU3O:L1Y\+,MR
MJ0=KHCN\2?%>MJRX'=$YSC^:>BS7SU38R7;<^&[!RL5]95/&TB-@'YG"CF/=
M>L1/BL?Y6G35+&8[N1OO(RK6YSCZX>W(\&>*R8IG[">\=P>F_P#8J,OW%V>2
M.,#<JSS[KQ.O8C+HSZT[,>6>56][B'8D&/=A6R7[2U_>%P\=F%[&QTC<!SFN
M\/5'"F)1,>\J?2V@C\<]O]$\A5/J2\\;'#KP,*^V)[3@R,<?`E@RJ9_2-KCF
M+.,<=5/WO*-UF>/_`'^S%])`(!;-@=,#*JBG#W$.B<`?$C.%;:^J:`'8=CI^
M+Y1]9,P$.ASQX'"I%]<S+7LWQ$?[LP,C/1X'O`53HGOQL8XCSPM2:[=R:8D^
M\JXRNGQQ29;\U,9Z(G#>&?W>X[6\N][L*W4NK(<@P@$=#U6.QS),N]'=%(?'
M<DL0F.SO'.<?,X"F;3:/NHBNIY7()ZSJ^)I!_*SA37LR,9U]8AWC=PJ!XC/0
MJ!LHYO8$CF@?DG"F79?21Q]H&GW.8,^D@C"SO-_2MOXGRTK%/4KJ??V?9"(B
M^9>T(B("(B`B(@(B((+VNQ]YI5C>?\JCZ''@Y<>@H27N`>.2`27`Y7:NT^AF
MN&FVT\,3Y'>DL)#.N,'E<K9HJL?$"^.6(<$[W]?J7J]'>L8M3/N\OJZ6G+N(
MV\I:"G)(ED)VG!(=C]2IEK[!0B4T'=5=8`YL?K'&\#H>>?>L#68J+'26NCAJ
M!"RIJ]L[VMP0`,XSX<E0;5,`MS+<+;42N:USGM#7C/>$\$GKTR%&;-/,0I2G
M,1/EN-6ZBK;W(R<,<VW$>C&A;)D;P!DGCSZ?!3NU,B-OI'!A8#$T[>F..BY9
MHNGDJ+OWDK,"+/?-)#MSB.'>[Y*>RW.MBOU#;XH8C12PN<YY/K`C_P!#ZURU
M^3-.YTN37=\]0^*CHY'Q1ES'N<=N7=/%0+4;:NWBME,D\(DVO[N-^X-'`Y.>
MA(PIS?Q2L9%,\`/W$`["[/B1@>/"AFL?1)+<W?5R@EP:(HXG,8XCSR.2IM'!
MBG=H6[#>;A>G.@S,2QN7%DVWCC'@I!!:FQ4[6R4^&M&!OJW#]042M%KFMLL=
MTIJ?O(7,SCO`'.RTY//O6AOVIJRX4K(W.#&-P"`>7GH2?=[E2)U&Y:>G-[:I
MX2FJHX)YJX-H#+%1R$O<9G.'+1P,]<+5RLCWMC@A;'P&%F>"X\'*U-HODM&Z
MH-0Y\WI,6T`.]CCP'P6+%>/X0U[7>LPEQW`8*K%X;UQ6CA(W2L`J6RX+2X`/
M'7:!@?81]2DEPH:2IIJ-U3")M@<&C>X8X&>BCFDK9)6,J*M]2(P7`-#F;@[C
M@]?>I>T5CJ-L4-9!&]LCRYSH=^?#CGCHN/+FI&6LS/C>WK=/T>>W39(K'XM:
M_M+G%\;1BX-AHMK.,%NXN`/@,E3'3-#;A0`7$%E2Y_J@;LD`>[JH9J>TFQU<
M52*P3F9YDP&;0""#T6V;KK?3%\E'&9XG'8]K<``C&?BNK'>MOO0\SJ.GRX_N
M3'*5TL5DBG-/!4SY+CNVN?EAZ\K#U1/%;J1U707*;TLEL>W=DN;Y?)<YHKU5
MPUD-0909`22]WD3SE='L]\AOE`*9U"^>2(#O7,Q@'SY\%>)[N'-?%;',6GF$
M?LE?<JD`NK9&B`YV$\N;X_4IOIZ:NHXYIYFRU7?%QB<'9:`>F`,^*U8GH;;=
M*:G-$(WS-P[O6@X!/!P"MUZ/3Q&/;-2L@/#FL<X'!]V>JFL?*+VWXA(K/=8[
MG+5Q>CR0^C%K7.)]HD94>UI5QT%;0S4V\5@#BR9AP6GH/UK<U-0VT6ZIJ8(=
M[HF;MI/7`QRO9H:6Z4-//60AKG-:\L/.TGE3IG%M3M78]<R4PI+?7P.=61.+
M:R<GU<%N6X\,D^"GE+46V[0N=`Z)_@<.Y'Q"X3(R!MON<T,\;8G5@86[<O.'
M#&WGI_U6ZK(YK%4"\6RJ$3WOB#XLC&,\A6K+?OYY=#O%KEHVF2!S9`3T;U:M
MWV7/>^KN6Z(QGNX^",>+EDTL1JX&2[RS>`[!'F%L](4IIZRN)D#PYK,<8QR5
MIDR;QS$KXZ:O$PE:(BX':(B("(B`B(@(B("(B`B(@+0:RTO;]6VEMKN3I&P-
MF;-F,X.0#C]:WZ*:VFL[A$Q$QJ7)3V&:3/6HKOTQ]R\'87I0?_J:X_[8^Y=;
M1;_59OS,_1Q_#D8[#-+#I65_P+A]RJ=V'::=_P#KK@/@\?<NM(GU6;\QZ&/X
M<>'8/IC=DW"XD>1<W[E<'83I,#_*:W/F'@+KJ*OU&7\R?2I\.4'L3TX0!](7
M(`>#9<+P=B.FQTN%R_O`5UA%;ZK-^97Z?%^6'(OWC=.]YO%SN/7IN;]ROO[%
M--D-#:^X-QY/;]RZLBCZK-^:2>GQ3_IAR.7L.T_*3NNUSP?#>W[E5%V'Z:8,
M.K[B\^9>/N76D3ZK-^:4^ABUKMAR8]A^F",&MN'R>!^Q6?WB-+;LFMKS\7#[
MEU]$GJLT^;$8<<>(<B;V%Z6;TK*[](?<KQ[$M,X]6KK1\7`KJZ*?JLWYD3@Q
MSYJY([L/TX3Q<KBW^JYH_8K+NP?3+G;C<;D7>9>%V%%$]3EG_4F,../$..N[
M!]./(+KM<SCIZS?N61%V'Z;CQ_#Z\D>)<.5UI$CJ<T>+23AQS&IK#E)[%--D
MD^FU_/AN;]R\9V*:=C!#*^OY\W`X75T4_5Y_S2CZ;%^6'(G=ANG7.<YUTN1<
M?$O''V+'/8'IHDDW6YD_UV_<NRHJSU.6?-EHQ4CQ#C;>P33``W7.YG'D\!94
M78?IEG6NN+_ZSP?V+K2)'498\6)PTGS#DY[$M-9SZ=<,>`+P<?8J']AVFW^U
M<+A^F%UM%;ZO-^:58Z?%'^F'(6]A.EVG(KK@,]?6;]RHG[!],3``W*Y@>0D'
MW+L**)ZG+,:[EHQ4B=Z<=9V":380?2[@7#Q+P@[!]-`NQ<:\9Z8VC"[$B?4Y
M?S$XJ3YAR6'L1T]&"TW*X/'O+?N698NQ[3MEO='>*:KKWSTL@D8U\F6D^\+I
MR)/4Y;1J;$8<=9W$"(BP:"(B`B(@(B("(B#4:D@?/0,8R21A$K3F,X/0K21T
MD;&;7]Z]WD7K?:@;,^B8()-CA("3[N5'7-GCR\NZCDY71C_"Y\LZLYYVK1,^
MA)Y!%M?&TN`(SSCJOGDWNKCG9)41LJ'-;M:91R![B/BOI#5C653S3RN+FR>J
M6DKAE756J&86FZPRNBIB]K=C0<Y<3SX@^"Z<E9[(88YBUYB4;K-27*2K[^EE
M?1X`&V!Y`/O/FJX=5W\5$4SK@]\D8(8YX!(!ZA9M/8*"I95,-Q@$S'GNW-?Z
MKQC(P#@^?U+"NEE@HXG5-+5][&UT;',>,/!<TGPXQP0N68M$NF*XYCPWM-K>
M]8#YFPS.\W,6MNUR=<JEU74,+"[:2QAP`1[EIV$``)-*=N`>JVGQRPC'$6^[
M&DKGU5&ZF9$R)T9#>';MXY&.G&%$2R%X#75(QX>KA8Y<!U5DNR5A:V_+?'BB
MD<-Q2V^GJ9`PU<46`1N>\8/_`.5F6^GI[5*Z2K8R5KVX8=H?SE1LD^:\R?-9
MVK$QIK2;4MW1*?1WIE.'-I7=VP\D,9@$_4JH+_.(2X3/`)+CQ[U`FR/:T@./
M/O032C/KN^LK"<%)\NV.OS1X2B_5@NWH[73.=M!P,>)6M;9Y`QY,P:T8R'.#
M<K3%[SU<3\2JV..[XK:E:Q&G)FO?):;S/+.-`#C$C&X\W9RM]IJYNM$T^'-+
M)RT.V9W`#R4=W\9SA.\&/(K:M8B=N>T3:-2G=XNU#=+E3U,3I&=STR,.=Y9*
MSJ#5#**@91>BFI>P<S2.+B3G*@-)/@#G"V#)<\YZ^]=%(K,;]W+>NN)\)97:
MMK*FD?`((PQX+3N!)(6HGU??-P8RK[I@X`8T#'"UU-3S5E9!1P>M+,]K&#WD
MX6^;HBI<X]]4LPUX:Y[<;6<G!))Z$-)^KS2\:CA;'2)]F-#>Z=],V*:A:^<]
M9`0T$^8P,A2[1[!=:RECJ8FR,C>'`.Y&0M38K#;HJZMCN'XX4S@(P#[9Q[ET
MO3=/&UKJUT38FQ,V,:UH;QX9PIK&E^R(Y=-MKF21@G:-N!@'HMY:(N[EF=D$
M$#P^*AUDK(W-Y>&?$84RLYSWA[X29`/P6&:-;6Q3N8;1$1<SJ$1$!$1`1$0$
M1$!$1`1$0$1$&NOQO`MDIL+:1UQR.[%7N[OKSG;ST7,[!K+7UPI;_<:JCL+:
M.R2U<%0(^\WNDA83ZN3T)`775S73^FKQ2::U_13TP;/=:^X34C=P.]LK2&'W
M9R@S-$=I5AU#36>DGKHH[W74S970-C>&;]H+F-<1@D>62MU:]:Z9NM]GL-#=
M(Y;A"7`Q[7`/+?:#7$8<1XX)4,I])WF.T=E]-Z$T266:-U<`X?B@(B"??R?!
M:W0F@;W:+[:Z:YTU2^DLU14305GT@WN7=X78V0AFX$AWK9=X9]R#J6J;]1:9
ML=5>*\N,,(&&,&72/)PUC1YDD`*!RZYUG:JZT5.H]+4E'9;G5,IF.AJC)/3N
M?[.\=/J6][5K%=+]INGCL[&2UE%705K8'NVB?NSG9GPRM*Z@U/KF\V6HOUC^
M@;-::D5CJ:6=LLM5,T$-]GAK1D_%!+OPSTS]%U%U^E8_0Z>J]#DDV/XFW!NS
M&,DY(Z!6SKG2@O[=/F]0?2;I.Z$.'8W_`)F[&W=[LY4&LN@[N[6%W=<H8V6*
M"XRW2W>MDRU#V!K7.'@&8)'O*UFBM%7H"V6>_6*M;3VVK-=-5/N0,,]0UQ<V
M2.-K<G<>NXA!TQVN])-K:FA=?:85--WG?L.?Q6S&XN.,`#(_8O;5KC2MUIZV
MHH[Q"8Z)@DJ#*UT1C8>CB'@'!\"H!%H^ZP=EM;056G8ZVYW6MDJ;E2LJ!%*6
M.E+O4DP07`!N`>%IY]&ZWKM)W!M5%63Q&NII:>@K*F-]8ZGC(+F.F`P3GH#E
M!U:T:YTI>*.NK:"\P/IZ!N^I<\.C[IO@XAP!P<=53:]>:2NE-7U-'>H3%0,#
MZETC71=VT]'$.`X/F%SNX:>U2^T5UYH[!4MN=QD@IJB&IK8ZFH=1L=D^TWNV
MO\NN%@2:+U)-1:JJ;CIZJKW7":ECCI9;F#.*=C<DLE`QN#L'&,(.O:<U9I_4
MKZB.S7!M1)3[>]C,;XW,!Z$M<`<'S6N[1]7'2-B;54U(*VY5$@BI*3..\=@D
MDXZ-#022M5V5V?4MN;<ZF_R5'<3O8**&ND9-5Q1@<]Y*T>MSC`\,+47O1^KM
M4:MN%_==&V:&DBDH;="ZG;4&2)S<22<D;2_./,!!*K1KFTR:+LVI[W506Z&Y
M-8&[R2T2.SZH/^R?J5ZG[0-(5%GK;S%>X?0**5L51*YCV]V\D``@C/)(YPN>
M:;T9J46_L]LUTM[1166LJ:BL+G-(]4N[CCQSGY+RLT5J.YFI])H&L%UU2RLK
M`YX.VBB`#1[\D9P@ZAI_5NG=1U592V6YQU<])COF-:X%H/0\@9!QU'"V5VN5
M#9[=47*YU+*:CIV[Y97]&A<W(OFGM5ZFU(^SBIEN%51V^WPB8-+X6Y!>,`G`
M+NF.@4G[2M/UNI-*34%O=%Z9'+'411RG$<KF.SL=[B@\I^T/2519+A>XKIFC
MM^WTK,3VOBR0!EA`=@Y'.%?LFNM+7NOGM]NNK)*B&+OG-?&Z,.9XN:7`!P'F
M%S?4>D-7:FMVKKQ56F"@N%RM]/04UOCG$A<(Y0\O<_@9Z@#R"D>I=)7.ZZFM
M;X(FQ4;;!5V^6?C$4DC`UO'CX_4@E6FM9Z<U-45%-9;DVHF@&Y["QS"6YQN;
MN`W-SQD<*]J;5-CTQ#!+>:WN._<6PL;&Z1\A`R<-:"3@=5`>R_2%YM5UI*N]
M455#);;<+?%-+<6S-D&1[$;6#:SC(R21TYZK>:WM%]9JNPZML5OBNDEOBGIY
M:*281$MD``>QQ!`(/7W(,77W:33V;3%LNVG1'<9+I,V*ED,4CX@/RB[:,Y'Y
MO4G/'"FM1=Z2VV'Z8O%3'2T\<+9)Y7`M:W(&>#SU/3JN9,T/?J;1UBH3%%)7
M#43+K511/]2!AD<YS6GQVY'Q4R[3=/5NI=)5%NMSHO3&2Q5$3)OXN5S'AVQW
MN./U(*J3M`TI5V:NO$%SS2T!:*D.B>U\6X@-)80'8.>N%FW+5ECMD[:>LJG1
MR.H);@!W;C^(C&7.X'AGIU7.[CI#5.J(=77>OM]/:JZYT$-)2T7?B3)B=OW/
M>`!R>!Y!8MTL&MK_`%;JJMT_#0ANF:VW1L95"0F9[`&Y.!C)Z?:@Z1:M56_4
MMGKZS2U0VKE@C_%NDB>UCI"S<T9(&1TSA1.G[1;A6Z.TQ7T='3F]WBN;1OI7
M!VV-P<>]XSGU6C*FVC*":UZ2LUNJ8A%/34<4<C!T#@T`_:N?Z<T+=Z+M2K;E
M4-8W3U--/6T#1CF><`/X\,8/UH)CI3455>;WJ>WU$,3([56-IXG,SE[2W.7>
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M!(=-ZTTYJ:HEIK/<.^FC8)=CXGQET9.`]NX#<W/B%(UR?LMTYJRSWIQNU.Z"
MTT]'Z/#'55#*J5K]V<1RAH<(\>!\5UA`1$0$1$!$1`1$0$1$&#=O\D_V@HO7
M@!CL2$$^1Z*37N3NZ+=C/K`*":AK!%1/=_%D^).<+IP1,N;/.IV@=_EBAN41
M[PEW>-R2[*@^J]+T=16S5T6YKW$NP.A*VU\ED#N]8`X'JXE1VYZ@ECF%.]I(
M')W>/N7JVIJ(>77).YTA5QI]CG,(.!T\"L'NR.-QV]<%;:[U+/2Y6DM.''UA
MT6G?*9'!D;2XDX&/$KDS33>X=N'O[=2ID<`225AR%V[H<=5>FWLD+)!M>TX+
M3X%6I"XXZXQA<=YV[*5TM[?5SGA4Y7IZ+S"REH]ZH2B\*F9X0+T+Q`JQY2+W
M/*(I@7@[U<JCO,CWKS)PO`/%7]T:9$#MIRX%WP6RIG[VY(PM93M+W^/ET69$
M]S"UAYX6F*VF.:L3'#;T[Y(W,GA>8Y&'+7-."#YK;GTZX1M9/6SR#@!KGDC`
MZ+1P]ZV(3&-W=$XWXXSY96]M52QI:<]"NZLULX)FU9TFNFJ`0F,%O/CE32O>
MRFLQC;PZ1P'"AE#<X8H1,YPP7;1SY#)X^I;)U8^X0.+7>HQO!\"4BLS:&G=J
MDM_8JLB4-+@X^`=RNLZ7D$D<AV!IP.GBN,V.([V;^3G(#>J[!I!KA%*7-QD#
M'VK+K(C2>DGE)41%YKT1$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!
M$1`1$0$1$'A8TN:XM!+>A(Z+U$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$
M!$1`1$0$1$&DU564U%;HY*J9D3'S-8"XX!)!X^Q1B2JM%3&Z"HGAR?R2X9^I
M8O;U_F1%_;HOU.7S5*]K7=YAY=T]4D97J=)TWJ8^[>N7F]5U$TR=NMN_7?15
MKNE,Z.DN;*=[AX%I^Q0.^=E5SE8&Q7*EGD:,;SEI:H"VN?&]DK<M>P[FN:?$
M+<O[0]5!VT7!VW'`,3,?J77.')$:BVX_5SX\M)G?;J5JK[(M3/PYM51RR$X+
M>\/3SSA;G2_8Q6"KCJ+_`%;&PL.[NJ<Y+C[R>@^"UT?:3J>!F!40O.,;G1C/
MV+%JNT?5D[0/I9\;O_+:P8^Q<UNFG?LZ8S\:ATG4G9#:KY,ZKBK)J6?9M;L:
MTM^8\5$W=B9BQ%47\"7CV8\C;X\+%HKGK"MABJ)*Z_5#9,;74;@YA]QZ8*SK
MC6ZIAE;+4_A'24S6^L]\C-SOU!1Z&YYF#UIUQX2FV=D^D;?3M=-235SL>M)*
M[K\`%J=5=GVG:NB_[(M;J64^U+R`SY'J?<H^[M(KK<3Z-<[E5/.&EE6&AK1_
ML\Y^"V4/:S03BEFKZ.O;4Q8W=Q/^+?\`$$]4]*:RGU.[E%9^R2[E[!2RE['#
M.Y[-N%?B[&+W)'O]+A8.=V\'A=#A[9+`Z+$U'70EQ(SZIP,=>/J4OMEQM=RA
M95TFJ-PGB]2)SF9:2>N"`<@\+*U(CS5I%[3[N%'L:O33^,N5`QOFY^/L5%3V
M07-CFBGO%ME<[HTR;2?O7;+K:*458].UG/"[&3$96LR.G3"PW]FE$ZK%4V_W
M1M2<YD[T;C]BB*8_?_M,Y+^SDLG8CJ;NP^*IH)/_`)A'ZPM35]DNL*?^+HHJ
MGK_$R@X7?1HNJ9!W?X4W:,C\IDQ]88\<_L5T:3=30"6JU;=PSQ+ZAH!]W(4=
MF/Y_Y3&2_P`/G^Q]EFI:RX14]PM]314Q/KSE@=M^U22X=B\C`?0;LTN`Z3MQ
MGYA=II[(]A#6:@K7EV"-[F'=]BW#K7&]A[R21W`R#C[E&J0GOM+YOMG9%J-U
M:8I*FGAAVG=*U^[Y85-W[)]715'XF%E:P#U9(R`2/(A?2+*&D@SM:V,'KX86
M@N>HM.V*9]/<;V3*\AS8P2YS!\O!(K$\5A$VUS,N02=G^L:ZS4M/]'45(R`D
M]R'%KWNQ@N=YDX6I'9YK2)^P6:4Y.-S7`CXY\EUZM[4-+QX<R2KGR.C(P`/K
M6?;NTK3-2QY=*^`LZ-E9[7PPM/3R1SVL9OCGS+F=/V9:D]%@?4%IVDN,#78<
M">#S\`%NJ71NJ'21Q[*>GI8S[#7[G.]Y4CN_:C98L&WQ25+B.>-F#\U':GM4
MN,_%+1Q0N'B7971CIF]J_P"663+A[>V;?X32V:>?3-S,_!;U.5/M-1=T)6Y\
M!^U?/L>O=22O_'NA+<]6L73>R&_W"]5MU;6SN<V**(LC+``W)=DY'7HL>IPY
M(I-K+=-GQS>*U=31$7F/3$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$
M0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1!R[
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M;632"2:>1[^FY[RX_65(*#7^K*%HCAO-0]H!`#W;L<8\5%VO8""#T\UX#$2<
M^/BHW,^4]L?#H5L[6]74CFF:H95M\6S,S]H5O5_:3>M34HHZN**"E#MX9$.2
M<>)\5!6MCQG(.55NAR!X>94QJ.59B&RI[Q6,>PFNJVAGL%LARWX<J21:_P!4
MTT8CBOE8YC1P9'[E#][,Y!8WRRO6"1X<_:'M)QG&,*\3[>64U]_"3U>M]2UK
M7,J+Q4F-W+@'$96G=/+,>\D<][CXN.2L0/:,-'''B%5'+L<2!\"M*VB%+5VR
M2YP`)//PRKT;WX/KD`],A6XY7.'Y.?`%V%=CEYR7!WN`6U9_5SVW\,F%[QXA
MWGEJOQ/>UX<]I<.>!P"K,.7%N2`2>F%DR8:/5\NBWB.'+:>5\5U8,AD4#0<?
MD]%V+]SQ-)+<+]WFWB&'V1_2>N,1G+0<\^*[1^YXQZ??2!SW4/\`B>N7K:Q&
M"W_O=OT=OY]8T[JB(OGGOB(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B
M("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@Y;
M^Z$>8]"1.&/\OBZ_!Z^:/27..,,!`Z]<+ZP[7--W35.EF6RTMA=4BJCE(E?M
M&T!V>?F%Q-O8KK?J8[>TCQ%3U^Q>OT6>E,>IMKEYO5X)O?<0YQ++)@AIR%B/
MGG/JO:2WS"ZL.Q;6)ZQT(/NJ?^B?O+:R'LPT'^\_]%U3U&*?]<.>N&\?Z'*M
MQ+?9Y]Z.:,9:&@_!=4=V+ZT(.V"@!\_21]RM.[%M<]!#08_M0^Y1Z^+\T+1A
MR?E<MY:1EH;GQPK<X)&6@Y]RZH>Q77)ZP4&1_P#%#[E;/8GKH]*>A!]U6,?J
M5)SXM:[FE<63?AR)S2.C'$^/'"M[26G(`^2Z^>P_71()BH.>O\*_Z*D]AVNL
M8,%O//457_18^IC_`#-XB_PY""6Y&`YI5M[07>SA==_>.U]T]'H!_P#5#[D/
M87KW'JQ6]O\`]5_T5?5Q_*\1:/9R`Q\@;20!Y+UK"3RW@C'(773V&]H`!Q%0
M$X_E0^Y4M[#.T$-P8K>?_JA]RKZF/Y3J_P`.2"(AQR`>/`*X*8EOJN'7/*ZO
M^\;V@DC$%N`_M0^Y7F]AVO.`Z&BP/_BQ]RF,F.?,HM&3X<D,+B0W+>JOL@.`
MW<21X#HNK,[#M<L&13T#CGQJA]RN-[$M=YQW5`!_:A]RO6^+\T,[1D]H<L9$
M`,!QX]RN#NPWEQ)\@NI-[$M:@Y[F@_WK_HJY.Q/6A;Q!09]U2/N6L9L41Q:&
M,X\DSXERZ$L<\9))"S(MH)VD@^2Z+'V*ZWV^M3V\'W50^Y7V]C6M<?Q%`T^8
MJ?\`HM*=1BB.;0RO@R3_`*9<Y#S*X`.`/B%=QO\`5//'GC*Z(WL:UF#_`!5"
M`/'TG_HO3V.:U`]5E!GWU/\`T6D=5A_-#">FR^U7/&MVCAIS[UVC]SJ7&NON
M[KW4/^)ZCL?9!K9O#HJ$^\5/3[%TCLBT9>]*U=UEN[(&MJ61MC[J7?RTNSGC
MWA8=7U&*V&U:VY;=+@RUS1-J\.HHB+PGM"(B`B(@(B("(B`B(@(B("(B`B(@
M(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@
M(B("*(Z@[0](Z=N,EMO%T--51AI<TT\CAZPR.0T@Y^*RK3K735WJ*"FH+@9)
MJX2.IV.A>PO$?M^T!C'O021$1`11^^ZQTQI^K91WF\TU'4/9O;'(3DM\^`MC
M9[O;+W0MK[370UE*XD"2)V1GR]Q]Q09Z(B`BP[K<Z&T4,E?<JEE-2QX#Y']!
MDX'VD)<+G06VVRW2NJ60443.\?,_@-;YH,Q%K*B^6FF-N;/71QNN+PRD!SF9
MQ&0!\ELT!%JH]0V222MC%TIFNH9FP5.]X8(I#T:2<#)6U0$1$!$1`1%:J9X:
M6GEJ:B1L<,32][W'`:T<DE!=1:O3U^M6H[:VYV:J])HW/<QLFQS,D'!X<`5M
M$!$1`1::EU-9*J*[2PUS2VTO>RMRUP,):"3D$<\`G(ZJBVZJL5SJ+?345=WD
MUPI364S>[<WO(0<%_(X'(ZH-XBU][O%KL-NEN5WK8J2CCQNED/'N`'4GW!:_
M3NL--ZDCJ'V:[0U'H_,K2"QS!YEK@#CW]$$@11*W]HFC+C=VV>BOU-+6O>8V
M,PX-D<.H:\C:X_`J6H"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(
MB`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B#G?;3_F]9
M_P#_`#M#_P#<6HU_;OI;M9TA0&NJJ-DM#6!\E))W<F..`X<MSYCE=5JJ2EK&
M-CJZ>*=C7A[6RL#@'#H1GQ'FO)*.DDJHJR2FA?4Q`MCF<P%[`>H!ZC*#YRGO
M^H(='4=L?=J^6E&I9[?-5&M$$I@8,LC=.[V<G\H^2Z_V45=TJ](Q.NE6RK?'
M/)'#.V<3E\0=AFZ0<.<!P7>.%)W6BU.II:1UMI#33/+Y(C"TL>X]21C!/O65
M3P0TT+(*>)D4,8VLCC:&M:/(`=$'#JS\(:WM$UQJ2Q_0[X+53QT3OI!CG@[6
M"1VW'0YSG*C-HNUQI+1I^V4$SJ!NHHJF]7*1E8RA<]Y>6[(I'`B-HP#@<X7T
MC';Z&)E1''1T[&5)+IFMC`$I/4N\\^]8M5IZPUE-!2U=EM\]/3_Q,4E,QS8_
MZH(X^2#BD-[OT=OTMIZ]ZO;14-UGJYGW6.L:9'4K-O=QB<@#><GUQY!:ZUZK
MN\EGN%,S4URJ7W"]/I+;,9HXW/HX&\N[U^&L!R,O`R2NO:JTC77BKI9*&\P4
M=+#'W?HDUNBJ(VGP>S</5</JZ+*L.A]/VFP4%EDH(*^.C<Z5LE7"V1QD<27/
MY'!))Z(.+VRLN=^L=!9*ROJ*JCN>J1!3=_4^DN;3P`2./>XR\;AC*Z+VZU#(
MM%4])(]L5/77*EIII'<-9&7Y<7'P&&X4]@M%JIW0N@MM)$87.?$60M;L<[VB
M,#@GQPKU=14=PI7TE?2055,_VHIHP]COB#P@X[J>[6RY=H=FJ[;6P55HTI:Z
MFNJ9:=X?%&\LVQM+AQG@'ZUKK))J:CJ^SJJK=376>ONO?5%;32RCN6T[6&0@
ML\_#<5VBCL-CHJ"6W4=GH*>BE!$E/%3L;&\>]H&"LEUOH'21RNHJ<R11F)CC
M&,L8>"T'P'N0?/<YDU/0Z0@NETJ8VZ@O]16-Q,&`4T9RP?'``:?,K>,O5\?J
M+4&B(KU5LE%T8]]6^0[Z*WMB#WO#CTYPT'S)78G6:TF.EC^BZ/;2<TP[AN(#
M_0X]7Y*.V+13:%][KKC<37WB\#94UAIV,Q&!AK&LY&`//.4&_%='/8'U]GE9
M6-]'<^G>Q^\2D-..?')"X9HO4%>^ZZ+K*35%=<[Q>*B5E[H)9M[(6#//=?\`
MA;>F>,KO=IM]+:;;2VVBC$=-31MBC;Y-`2"VVZFJI:NGH*:*IE_C)HXFM>_X
MD#)0?.ENGO-)H&QZQ9J6\/N'TYZ*(GU1=#W3IW-+2P^UTZG]BV<=]U)-VG5[
MX[E(RHI[Z:-E)-<FLB?2AHPP4Q&7$@[MX7=/H>T^B,HOHRD]%9)WK8>Y;L:_
M.=P;C`.><JX;;;C7"X&@I36@8%1W3>\`\MV,H(EVNW.X6K1LE1;ZF6DWU,,-
M151>U3P.>`]X/A@>/AU7/>\CJ;1VBV"@OM;>=.4ENCFIZN2K,KHYBPN<P2@^
ML"0"1GCIXKN\L<<T;HI8VR1N&'-<,@CR(6-!:[;3T;Z&GM]+%2/!#X(X6M8X
M'KEH&"@BN@Z8VKLRH'6\32S>@=^QLLCI"9"S.!G.!GH.@7-M$7NJ?>M&5-'J
M>NNEVO/?_3=OEJ.\9!AI.>[_`/!VNX'3/1=\ABB@B9##&R.)@VM8P8#1Y`+'
MI[9;J:JEJZ:@I8:F7^,ECA:U[_B0,E!P"FU6YVA-+4'X0/-[_">.*HA])/?]
MWW[P6O&<[<8Z\*;=EE'45]\U3>JV[W*9U)?:ZD@I75+C!&S</R/$^7EX+H1L
M5E=.ZH-HH3,Z02.D]'9N+QT<3CJ/-9=-24M)WOHM-%#WLADD[M@;O>>KCCJ3
MYH.&=I0GLNK+[9Z-CP=;TU-3PE@]F8/[N1WZ#@5(KG-:M-]J^F(JNLIJ&BIM
M/34['SRB-@P]H`R3Y!=0J*&BJ9X*BHI()IJ=VZ&22,.=&?-I/0_!8]QLMGN;
MV27*U458]@VM=40-D+1Y#(X0<U[3+E:JJXZ&OKJRFJ].4MT>:NHC<)88W;,,
M<XC(`!_6K&L*_3VHCJEFE:;T_4#;#(Q]RHCOCV'I#N:<%YZ@=?J75(+5:Z>A
M=;X+=214;L[J=D+1&<]?5QA5T%OH+="8;?14])$3DL@B:QN?/`"#DMKU!V>U
M6BM)6@PPW&HWPQTUNISF>*<=7%H.6X.225&S?[C2=H\;*_4%;)+->Q3QRT-8
M)81$>!3R4CB"SWO`..J[U!:+53UCZZGME'%5O]J=D#6O=\7`97IM=L-?](FW
M4GIN,>D=RWO,?UL909J(B`B(@(B("(B`B(@(B("(B`B(>A0$7SO<=<:IAKZN
M-EUF:QLKFM``.!E61KG5I)(NLN/+`6WHV1M]'(OG5NN=6;P'727'G@#]BN_A
MMJC/_>LWR:.%'HR;?0J+Y]&MM3AWKW.;;_5"N-UQJ$NQ]*RCXM3TI-N_(N!G
M6FI#[-TD^H+W\,M1\XNTO3Q`X3TI-N]HOG[\,M3-X=>9<^YH0:WU&W@W69Q'
MA@*/3DV^@47S\[7&I2[U;E*X^X#"/UKJ9H+C=9>G083TY-P^@47ST[7&I<C_
M`+6G^&T*\=:ZDP-ESF]Y<`4].3;OZ+@`UKJ<D?\`:DN/'U0JVZTU,1CZ2D)S
MX`)Z<FW?$7!1K+4F[:;K+GSP$_#'4@X-TF<<^`">G)MWI%P.36VHFM&;C,#Y
M\85;-::A+3FZR?':$].3;O*+A7X7ZDW8^DY",9R`%2W66H\X-RE^H*/3DV[N
MBX4=8:CQQ<Y/T0K1UAJ3)_[3G^H*?3DV[TBX.=9:D/#;E)GH>`O':PU+Q_VL
M\#S(">G)MWE%P@ZLU/GU;J]WPPJ3K+4[2,W-Y!\FA/3DV[RBX'^&NH\D&YRY
M/A@<*@:YU"X$"Z2Y_JC*>G)MW]%P/\-M0NP!=)0?$8&52[6NI`[_`+V>/B`G
MIR;=^1?/[M::FZMN[SGH,!6SK75.2#=9<^&`$].3;Z$1:'1-94U^F+?5UDIE
MGD9E[SU)RM\LY2(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B
M`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@+P]"O4/0H/E>XS,=<ZYA:,=\\<
M<>)5J,^$;L8^:S[K1-==*X1L,DG?/P1[/4^:UW=O9AKIXR0>0NJ/".V648F%
MOMASO%>&&4#+2[:!P`%Y$Z%V`Y\8^..5EQ&!X`:69^&/M1$1MBPR39##O#.N
M<#*R'1Q3D-9EH'YYSE9!D+HMKC%CX<K#?&USQM=M=U&&H3&E6'L9R]@'3`*M
M/EPX,:W=\NJ,,C)@'M#QGEO3*D5II+5<WOIC!W,^W(,K\M_4DSHB-HM:M04#
M-214%0V`#O`!(\\`XSC]BS[C3MCK7L;)&<DEV/`YZ+"O^D(IZY[Z6JIH(9)H
M)3D^PYHPX\GG/7YJ0U]#;ZBMFJH+U3`/?D1OE8#S\U$Z\[3J9:0%C<@YP.GO
M5.07$NR?@%NKK;)))6NHJ-LK1$W=Z.,MX'/S6L]$N+CW?T?4Y!Z=V>$VJM-<
M.0>..252'N>X;07-=XYPJY[?4PRB.KHWQ/=RT/:6EP\UC3!\,CF^A$@GD[\%
M2-C2PNDW/ZD=0X\*\[V#(&.,F?96KBJC3G#X&8!X<'N.`MM35-(^.1LT^PM\
M#R?DHD8[1DY((<>N1T608&%H>-P`'B,+!DJ:9^!3N$OO+'?<JY'^JT9<&^.X
M\`HE?#6N!>UKCQYCJO&0/>XN$C6N\B."O(7L#"P$#/CU0R1Q;>CL?$H&X[P6
M-C)'4#Q5ITA).Z#U?S@[)RAG#LXSNZ'U<!8X:^23<72@GIL>`%*&29F99%EP
M+_`CI\UZR7+CL:<CX*PW=O,C9)<>]_BKYE?M#W$@CD8^X(/)97[AW<((_.+\
M+U@<[V@`>F"51'(R48Y#L_EC[E=V.(+=S<>#7=`B5.^6/ES1M'3!Y1U4PX):
M,_!8[@UF>\<,Y\!X*H9<-T;MV.@=T*(7G5$6/#RZ*VZ0>J0,#/(+51M<7=6M
M'D.BH<'["YSYV$'U0W'/Q*"^'1N!&#D]<A4=W&7@]Z6CWCA6=X;D.<]S?!S\
M`_-4NQLPT-/S09(:6Y#<$$^`5!CQG&,^3G86&ZIVMVM#CCRP0O._>6\LP/(X
M0?1?9WG\#;7N!![L]?B5)E%NS;_,JU<8_%GCYE2E<T^5X$1%`(B("(B`B(@(
MB("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(
MB("(B`O#T*]0]"@^?J"-\U5=IGTQ+F2NR[(`Z^2C]9'3NDW14YR[((8,`*15
M5ZI:V[U$<T54]D;W!C(H0!G)ZG*R3)Z='*T4O<R0^RQS6@8]_.0NA:8V@CX=
MIQ'2D^>>>5[#43-.!&[`\V]%OKA9;DW\9+)``X;@6RAH/PRM++22PN]?+W#Q
M8X%6B=J3#+IZE[AB6(D'R"S&QY]>*F];^D/VK4PB>-WL-&><DE;"*KJ&%HD#
MBT>..$3KY2FW5]FJ)>YGLL$$V/4>`7-^?DI-:8XY6/EDHJ=GK!HD:`[>/#!Q
M\%RNIKYXKA`R/U&,9WTKG-]IO(+6^\<9*DVG=2TKHZAE$\/#91O:YP86^\#R
M/FLK%?A+I[#0SEDKJ:FDE<1R^!I^TCA5#3U-"XEE)3,SG;M@:,8^2@E\UTZC
MU!"UM2?HY\#R8"\-=W@<,'/4#KQXY6D;VL5)%))1T4DD$8+9FR2;R3X$'K]:
MKRF;1'EV6"D;$`8W2@N:0?J\O!0S5NH?P:K)9I*V2261P$4?2./C&7>9]R@D
MFN[]#='W&@`J[?5[`^)I<YM)Q@AW&6^?R7E1JR@J[UBNH8KG&&`&1C#P>IP#
MU_Z)'DW#-JZ^YUKQ-52B=P&`Z0YX_8L8R3$YG=!"`.#NPJ;C4VN\,I)XK;-1
M..6.RPAHYXYSCHLZGTB=SF2R"G>!O`G<-I!''.5K$QI2?/##,\`RTRLF&>K>
M!GXJ]"ZGD]8!W)P>.JO?05/!#D5<>_GU6@D$_'R7OH9B`&&N`ZGP5MFER.,-
M>&M+@WJ<G''Q53H,GO!"US<\`G=E6"^&-Q&X'G&-WWJOOXF<2->&GC+C@'YA
M01I<?3U%3-WD%/%"W'\6.`K<D;L`/E8T=.<<H(Z.%XEVC!&`TNY*H=)3$NWP
MN#/,MX"&EASHH0!+)&XCKM.2A]9NYK<L'CG"MR.9W@8&R,&>N$WF*3+I@`?`
M!2@`?T$>!Y`Y5>9\G!8/B%4R2-X=Z_)'N"L.IZ<$QOFW;N<&3E!X3+C8)&`Y
MR`!T7CI)0/6<-H/.?!4L9`)!MG:0WP!Y"R`^G>X!I))Z\$H*H9XRW#G,X'CU
M50$9:#NX\!T6)4L=QW,6<=2[CZL*AD\S?;AY'GT09S0XD@#+?#G*]<"2"02/
M(.SA4,F:^+`VLD'N5+75!)/!('3;C/S05D-.=T9!QUSG[%ANDD:XAL;BWP<.
M%=DCKY&^H>[_`*I6*&5@>>\?O+>/6*"I\K0>:>5P=U.`<*N"HCIGF>(N#G#:
M0YO('P(5(>_=ZT1!/3#^"O<3-)Y//O"E,0^A.S9P=HJU.#BX&,G).3U*E*B_
M9QD:+M6>O=G]94H7+/E81$4`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B(
M"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("\=T/P7J\=[)0?*U=6U5
M'=JT053P._?['Q6YAU?-$?6@BEW,`<YX.7*$WBJJA=*T#`_A#_\`$5AM?*X@
M.:7$^_"Z/,&].F'6%'*_^$T['-QM:9`';/@DEQM3*=LT45/*[&7.;QN^(./L
M7-V-F;R&-&?/HLJ"HJ6R,SW;@W\D-Z*8B#N287(S@]Q#&/##!D_'*NPLG>0Y
MK0YQZM<0%9HIJNHB+8[9,8_#$8.3\4-54PQ/#VEH'5C.H]V?!2LC5^?%27W%
MR9*(GQ#:&2'U`3SCW9"RZFVV%]3'*Z21^&M;EGK#&.`<+4:NE^DG1NAA+)8F
M$X)R<9\UJ=.W-]%60RO+CW8=ZH."<K&U?>&=Z[YAN[I;J>-A?:G5#IMW([EV
MS'B.BPH[*9'`4L,M+6;=SN\]5IY]_53)E?'/"3+)%!.8SAKYALE'@0?`A8M#
M(*6226I912Q9VMDB&YY/7D_#R6<3[2I-9B-H9&:NAJG,-1)2U.2T2-/JO]Q^
MXK:VJ:&![H*Y@IJES@XU087-+/$%O7GS"VU1-;ZBC>6F,[7$%Y.WUA\`H=J'
MTN.1N*H5$;H@#A^2<'P)Z*9M[0FD;B4Z@O-;%4-HC%;Q',\-!A#GMP<>MG./
M%7:VW34M344T-4\5+'O[H@;8Y,'\H=/J7-K=/3TU12S"M>1D-DB<T`CG('UJ
M?0ZGMUQ=4T4THA<]SBX2GU23U`*KN8MPUBL>G,^^U-!-<JQYC-6&5`)`C$H)
M/P6P::M@[NX/CQGQX*C=PJ*"DD?34U"P!K`(G<9!/B..5A5>IJUT,=+5#:6X
MVS&+)/Q\OM6M;RSB8]TPD]#<]C&RM&\<;N.?@LJF8W?W;I-P:,G80EHTQJ*X
MTE/5MM1FH9V!\<D."2"/$+(OFFI;"6/K0]CRW>T-?U]WR5ZVB87M'WIT]<:7
M<WNV3B3'4D'A4/;L>7%SB?%K%IY*R%\[7;'#P#B>54^K<'AS),CWXPKZ5VV8
M?#.]\<W>-(Y'0E9$-OAE&YU0(HQSNE821]7*T<TSI6DEX!/@TC]:JA=/$-[9
MB6GKN<FD-U<**R,CB$%P?/._UG-%,YK1\SXK`=%$T_D@M\=O)5H2-DW#!WXX
M(Y6+44\CL;>#CD`82$S+*[N$[CWL6[J-S>BM-$#3^,J8R[S#L86%%23,(+-S
M2?`K(]!QDRQ!Q!SG.,(A=>8MQ/I9&>F7YRKF8<C-2QW^T,JR*.,-R8?A@<JD
MT$!!<(\Y079@&Y(]?'B3A4_2.P`=V7X\G9_4D=,QH/=]X!XY)*H;3TS<LA>U
MDG4Y&1E#3*CK(GC(#P?S<JE]5"SUG19)ZAHY"P'31,#62R`O\=H(Q\5?CJ8B
M,2![@!P0,Y1,+,U9'NS'3S.][B.$%9NVDL>".N`LIII'`$.+/GT53X(BW?WT
M3F#Q)QCYIM.IWM]!=FKM^B;4[GF,]>O4J4J+]F^S\"K5L(+>[."#GQ*E"YK>
M4R(B*`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$
M1$!$1`1$0$1$!$1`1$0$1$!>.Z%>KQW0H/D"Y#;=:TM`.:B3EQ''K%8[9'@?
MDNYZ8_6LJXBE;>:T/8[;W[\$D'/K'P6/-5L;D10\>!)Z+>"8>22U&P%@8"/,
M84ST99V7$XKZD1R/`#&1;>.>I)4,$CY7;60CCD+,HYW131/,,;'!P)#I.OR"
MG?LMIVENGS1TTE';J^?<?%^T>7N_4H9=;')`9._F:YX.7':2?J4KTG>7U@:W
M?3X#CWA8_AIXY`4S#(96XB[MQSRX\Y^&53NF$2^7;_8*NEJ/3V]XV'.TF9P8
M.?(+0U-")&.G@<'2!QR&^*[?K#3%3=C.*V22<EQ[N")O`\LG"Y%76BZV.J,<
ME#4,;Y#D#Y*8G::VB.)1^"8QR,?)&V;:>8Y/'Y^"S+Q`:T?2MN>]C''UHNCF
MN'4!HZK(KJ)E1#Z3`"V;.7LQU'F%K[=6/I:C>6M=@.&'#H2,9'O284O34[AW
M?379EIVJM%#<):NO#ZNFCD?&,8RYH)Z]>2H_VI:/LML9;&V^.=A,;F')+BXC
MH2`M;8[Y63V^GM\%[JG]W'[!D(X^2LRQ0UM7W$M14.D&07<X!X/4_%93"DY(
MF-(S%INE:V*>2,[VX)+G8`.?)::[6\TD\D['1YD<3M;SU/BND?0-()3*7/<\
MMVY<XG[%C5EAHI69;3M<]H]4D>*C4J]\:T@-FNHH:EKZF..=K'<02N.#[\]1
MC*G%*ZV7.C>8'ETD?+H'Q#O`WQQ^?CW<J/#3LDAF-3(WO-SAPW;D>:UU13U-
M/+C,ACCZ.;D8^!5YC@[G7[!KJ[VNW0VNEL1J8:=H:R63,9+?`[>?->W^MO>H
M9J.JF%/1&`.&QH+MP/4'/'S7+;=J6HBP7-?4>L#WV1WC0/#!Z_:NH:6NQ=21
MU5MJFU<Y!,N&C+.?9+7<_,*FICPMW3+$IZ810".Y012.<?XV`'`'O&%G3Z:+
MX!+2MIJBG&"70R9QSCGCA;2OU-=)(#'+%2M8>"=K0<>*C_ID,<C9X:YS)@<`
MQ$[_`*AU^:M&28(O$2U\]"ZF+BRD`8UQ#G$^(\EBO,3B0(A@=6@DX6_J]1X;
M41W>@J98=@+:VD8&\_TFGK\E%Z\TU+<)&4DK)FD;N]:US#\"TK:+19,S&V='
M51QOS3=U')Y/!Y4GLEEJ+K2R5437;(P-Q+@&@^XE<_;4B8D-@RX=0UO*Z1V;
MS.JY?HRIM;]AR\S[W,V8\\<),\;3'EY<-.5U)%//-54T;8F[@UI+W.'RX"A,
MU>-@;+$YQ/!..`N]5T=#-;*FGE8R*F=&XR-#L9!!!).5\^U;*:*4QMIWEG@1
MTPE;;\ILRO3'.(V,B+?>2"%8EJ7$G<XM'Q"Q12L>'&-KMV.,JAT,CB!M&!P<
MJ=HTN"YP1^J<N//AE>-O55'+F"GA>T?DRMR'?'"H]&<TC@N^.%2XQL.'!P4#
MTU$LYWU$48D<>3'ZGV=%2&,#LL$S2?#.0KK3"X9;R$[RF;@2%P!]R"V(=S=Q
M:[?[SC*\8S#@YD^T^(/15O;$T[XIFD'^EA>=WNYV!WS0?3/9@2=#6DG;GNC[
M/3J5+%$NRX!NA;0`,#NSQ\RI:L)\K"(B@$1$!$1`1$0$1$!$1`1$0$1$!$1`
M1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`7CO9/P7J\=
M[)^"#XSNM(R.\5Y9)O/?O/#NGK%8\<D0]5\0+Q^4/O2[#9>*X,.YQGD\./:*
M\@$TSFQ;6ESC@8`'VK>/")GED.=XDD-QR0573PT\LC0#C/B1A22RZ+JJMS3-
MG<_ED;'`N>,<D<X6^BT_24;XXF6J<2L&)YWC+&>?/B?!6C4+,&QQ_1LC.XCE
MJF2'#XF9(>#Y!=!L4]1'$UU7`ZF:#D"3)+0>@!SC*QM-6^C-,'2RQAK)#L'Y
M1^)4KCH*&NAD$C.\81L).3D>(!5+6A+&II:LOEE-:7-8[:8NZV\XSU\?BN=]
MH-PJY]L+8(L[=Q+9,DMQT(PNM"E[MICB:YL0:`T$YPH!K/3=940/D@,O>'HU
MG.Y5B81,N&U<L]J=$Z<-+)G'$>07#SX'(6'<Z.*H#JR@R]NW+F^./-96I]/U
M=#*374LD+NOF5H+;<W4TW=;L1DXR>H]ZO!6?:5RU7&>@JFU$)!(X(/B%T&DU
M%1"D9529P7!K@!ZS2?-0^LM[*G^%4K`)!S)&WI_6'N6'!*]DH.UK\$':[D'"
MK,;5OC=7DK(9-T<3GAQ&0YK#]A6)-/'%(!,VJD:1DEK#\UKK5>8*GNXN]`<1
M_%GJMK3S5,T[F-HWB%I<UTKS@`CICX\_4J3QY<TQ.],%]RA%1$*:S3RB09;-
M*=K6_$85JO,M0V820T@<(]Y;'&79Z\`$X^6%.*72M?74PFB:[:[EI<``X>8R
MM1>K!+9JR%SHW,EE`:2X!S7MSST.1C*QKGQ]W;$\K=EXC>G/;E8'S11OA)C(
M`($;0S'R"US'UEKE%0U\D-1&.)8SM)^..JZ35.CB<^+;$-IP22HY>*.*M9ZL
MA(!Y:QO!6O<1MK'WN*Y-9'<:-L4IR73QD@/R/RFCH?>/J6_DJ8K-2MKH8J4D
M4I:VH9)EAD/(&?\`T5"*R@J*5SI0'EA'K$\\?!8T-55,B;ME%.QT@<&.9EA/
MGRK1RM&G2](ZA-^IY8ZN-D=1'C<WP=GQ`*V%PI'RSM$44+V.`WN>3N'(Z'X9
M4-L]^IZ*F;'/"R&9Q&Z9C<][^P*6FNM3@!],%SR.&L;D_#@*EN%6)-0UEOJX
MY8:>.KHR?QL9X?CW.'BI7:=66Z@II(HJ"9M5@EK)WX:/?CJ5$H;[`*Y]!"^6
M:2-F2,>MU\0<+'KW37*"J@<(X9FX,<@<"6@<_P#K"GOGW7K;7ELZ^ZQS1NGK
MI;E6-!W")KW;3S[.W"U=95V]U0TLH9:8.;RUSR<'WYZ?!54=TN+;9$9I*:JB
MB:8^`0=GED>]#6T%7MJZY[H9'`;BYGMG'M>]37+-K3#IM2O9%M\L?TAIRZFF
M8TGKO:K3H*Z8[S4,('4[P%LZBGL4T.^FD<^7`RV,Y83YY/@L!D%'#',][HXV
MLQDO\SX<+9BJVESFQF8N<T?DD$KST)S#O#VNW'H]8#A(]PDIJB-S,\;51/5U
M8]O#FCJ.JA,2S)(F@YV8/F.A5IHY]H?!RULE14M=NIY]@_-("LOJ[@YP[R:/
M`/Y@Y4H;-T.XG`C/Q&%7$V2-N!%]0R%AQW8P$^D4<,K=NT8;MQ[^/%*:Y4TS
MBR"M=`X#<1-P#[@?$H/J7LO.="V@ENW\4>/F5+5#^RE_>:!L[R_?F(^MY\E3
M!83Y6$1%`(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(
MB("(B`B(@(B("(B`B(@(B("(B`O'>R?@O5X[V3\$'QY71UM5>*UL,)>>_D.`
MW)QDK86^P5;A'55#FMBW`EKCMR/$<JW'++27JY3,VL_'/W/<3D>MX*Y6:D?*
M2\O,\@RT!S-N!YY71'"=.H6B2C?3P235$M.:3/,(.TYZ#IS\`MM-64[*>JCG
MJBV4MP\[N?=@^?P7$([Y>)6NQ4/,(.0UYR&E5U597UG=BHG<0S/K`\GWE-1M
M+K]B?8Z:DS-7PL!?CUGG/VGJ>%)WWNT6ZD8YU7"(W9VY>/6/N7SJ^25L<?>5
M,\C97!K6`%S7`>6>%OZ33E?>WLEGK#34S3L&\XX'@$FD>\H\NE7/M-L5OG,(
MW3NXQW1R"%F6?7-NODQBM[)2&\O<6'CP4=M=JTW#5,H.Z'I(]8.."7,(QD^0
M]REMEAM5!.([?:F-<[`?+$P-QY9YRJ3$0:>7C3MINH<VK8PO>#AKG8^:Y;J7
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M.KZ@5CI)9"\?DNS_`/A<[HKTP/S5-:7G'XS'C[RI-9/I"9TDIJFR1%^Z-H;G
M+?>N?TJUG>F5IGQMF=\WO,B@D)S[1>`/M6!47RIIJ^*F@I86;N>_`+^[_9GY
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M+6,:YK7Q#GGIE8SY7T[(I'R!\+P78<<9&<`)KX1I)-.WVKNH91NBCBJH7M<Z
M5S/:'0\=/%3*X6J:5W=1OB92^KN:6Y/7GZUJ^SJSNO,D#J:G=3PR$AT[HO5&
M/#/CE;O4]XH--7?Z)KJR-THC,A<`0`.H'N*I6)FTNF\1Z=?E!;YZ!%W%%:[H
MR1\!,;82<\D\C('_`.%8I;=+47..A<!!52>JQLY]4D]!GI\UAV>73FH;O4CT
M>2C>[,C7M=@]>22/BIE'`RF=#1R]Y4AFT15)/KM/7.?=PMHMKABB5;;JVU7"
M6DJ8G4]3$[:]CNF?BJ'32C\GD*4:LK[O)5MJ;B8YH>[;'O+1DD#J?>M(YM/+
M"Q[!ASN.O"UB=P,`54;B1+#\2%2^5N&[6A[1U'B%=EI]AQR1GJ$,($1>`"`<
M9'M?4I&*X1O&\$CW!6"QI<1@.^/"RLL</5!Q[PK99R!U^*(?5G8\,=G5E'_E
M'_$5-U"NR(8[/+*/_*/^(J:K"?*XB(H!$1`1$0$1$!$1`1$0$1$!$1`1$0$1
M$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0%X[V3\%ZO'^R
M?@@^0KW<[4^Z5[:J5[3WSSD0]?6/11RIOM*VI[NFMQ=&/RY.'.^7@M/=G/=>
M:]H+@142`-)X]HJEE,\CDG'Q6\*S:71[_;X+/2Q.GN]N<^4-<ZG8_=)%D9Y;
M^U:N%]&PB9]PII6.'JAKLX^2B(@:YI+^OF>51Z,,@L('[43W)=7/E'=2.EF+
M7-W1N`X+?Z.51/?*LNCVRR'NP`,G.`%'H.H!<X%HXPI38='W;4M)45%LB8YL
M&&R;Y0S)/Q4[-S/AG6W5E?%5MK'/!D#`P%P:`W"E5LO-;)7&:6ZM@D)(8]K\
MMP>IP>`,+G4]JFM-08JAT/>8P0V9L@/U$KV&LEC:^.&9H#QM=EH.?K4[-OI*
MCU3:8W1QS72#<]@]N5HYZ9Q[UNA-'.TE[6[?9!(ZE<`TG'1"L957&I!%.]H8
M&-&'D]1[S[EVZS7&@D;LI7/>V(X<^0%N..N>BSM72WEBRZ4H"R3NX^[;(XEP
M8YP45O?9]Z6V0Q56YG.(W<E@]SBNE":.3;W3@XNY&3U"U%TN%9#,^.FHXI8<
M$./>8P53<HT^9[K2R6>Y&BG<U[P<,&<[A^:X_J*U5=3P[Y)X(MP+3NCZ%CO>
M/,%=]NVE[-<(VRU5'!%42-),8'+CY`]5RN_Z9N5IE?(VDE>.H.,^KX`^?'BK
M1;Y:5M%H[;.:SNV.QR/-4Q7"LIV!L53(QK7;@`>A6ZK*)E47;1W<I'LN&,'R
M*C57%+#(8Y6%I\B%;6_+*U9K*>Z?U';JQ[!=GM;4X#3(\`!V#QRNB4U1"^$.
M@>#N&6D<KY\II&15$4DD39F-<"Z-W1X\BI9;:^D9$/HJ\SV^<DCT2J]:(Y/@
M[P^:SG'&^$0[$:@EI!83C[59,T3)(XP/7>1EO&6CS/N4`IM6W*BW.NE"U\`>
M0:BE=O:3T'CT67-?K1<9>_I[@(I0&M(.8W@`Y\53MF!-ZR.26-HAJ>ZP[+CC
M.1Y*/ZMJ&4=J)9_"*B1X;&R1V,^)^P%7Z6_VV:ICIXZRGDB,1)D[T`AP(&""
MJ[E1TEPIPT""3:=S.0<%)G4:'+&7MPW2>@^KX;<X)ST^U8S8YKLUNZ/NP!OC
M8UV,\\K=1:;J(K\(9`]U#G.-V6CY*5-LT5,621.(C:TC8!P5'[)X=F[,ZFG&
MC+32LEC>^"`-D:UV=KAG@KD_;=8Z>Z:SH6P30PSRP-[R/DOF)=@8^2T=LN!M
MKVW.CK9Z628",N:2W./`A8$E[GK;K/67*?9/3#-+5329=D'X_`X4Q.T]R^-'
MRVZ\W*.SW%]'W6\;9=I>6=,#S^>%5I!EPMDLL58X3.#V^NZ7^+!Z#!\UK+A?
M;.9ZBK;7RFLFB+7/B:>7$<N^/7ZUJY;_`$[8A%34TLQPW=)*\C<6]"0%,5F4
M2ZIJIHJ+#5M:<O=&6MVC))\@H#2T\EOMM-2R.WS-+GOP?9W8]7/R67V<W^2X
MZKM=MK8Q/1F0E\3I"&9ZY<3U`\ET75^AX8**JO-JJ3-#&\F:(LQW6?+S"TK$
M0:X<U$FYF.6^8*H#\'&>/>O9W;,-+8R#XY_:O6,81D.Q[B>JT0O1N+6MVB-X
M(Z%;.DT]5U<,=;'2O?2.R'/:<!KO+)\5KXHWE@\0/#IA3"RZGM=FIV4M=IED
MLX&[>YY8YWD<'PPFTQ'R[MV;4DE#HJUTTK',>R,Y:\8(Y/52E1_0UQ@NNEZ"
MNIJ44T,K"61`YVC*D"PGRD1$4`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(
MB("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("\=[)^"]7CO9/P0?"%
MW8X7FO`_E$G'^T59B$Q(`=@^`6^N=LF=77"K#6B)M3(''/3UBM;(7,8QT<>T
M.!!)=[7R6\$PMFGFDC!(!.>$;$(N'D`JX9"!AFX'WE8\AD).XHB(A==51-(P
M"[""]U,,;X(GR,BD]I@<0#\5@NWDG@%6GL<78.5*L[A(;/1U=SW>ATKI7CDL
MC;EQ^]79XS!-(VH_%R1G:8W<$%2KLNK'6(2W0U;&`.$;X7P%^6G'K`Y'(QT4
M?UC7RU&HJFX/?!,R9Q=&Z)N&EOAD>!\T2PX)W,VN$A!:=S.>A4EHM67FE=W,
ME5W,4;O7B+<!_N(\5"`X[1(_J[D<JW+4R]Z7O>Z3/4NY*G9$Z?1>DM34+VR.
M--+W[Y?5[DN>T9\QX*;"GE?5OJ)IGMPW,;<>J/\`JOE_2VIQ:Y9)'F7.X.:8
MCT(\,'CYKN>D+S;=6!DU+](BHB9MD>XX:/=UQE4M'NMQ+>2MK^^DFE9#4Q$X
MB[IA:X'QRXJ-7>Z5-)6N%WI701<!C=P<91XX\<*:4U?BJ]$EEBCD8WUHR<N'
MO.>.BQ[_`&2U7J(5$Q+GQ\->UW3X+,<CU59+?75[6L<(9W,W-<T9Y\CCQQX*
M!W>T.YBK&@O]EKCQGW@^/PZKM;+##1U`GMTW=FGRQS*@;FNS^4".O@HOJ&QF
M>(FXM8RHE>7-?""6D8\<].?U*T3I:M]<2X?76*>!KI(O6:.JT\C)(CB1A;\>
MBZ+7QW&V5<E,^F=+$T^I+@ECQ_6\/FK#)K?5@MECCW$^R\`%7B(GW;>C%^:R
M@#9Y8VN$4CF@XR&NQE9<EZJ*C`K8:>I&<DOC`<?]H8*E-3I^V3.]1KH<\Y85
MJ*G2\D9)IJIK_<\8*K-+>RDX;1[-#62TLKF.I:9T`VX<TOW`GS!5EDLL9RR1
MS?@<+,J;1<*?E].XCS;RL1K3%(#+$2!U:X$96?+.8F/*X*ZL'2KG'_S"O375
MI&#5S'XO*][DSQ.DAB(:SJ>JQ2,'"<HTK=+(\Y>]SOB52<+Q`,G`3?L+D+'/
M>`!U74=&:+M.H+)5TTEQ=3W4N`82/58/>/RLJ`VFGE](:X1%^WD#'!*Z?HBT
MUK[M#,6&/<[<"X<%:1'"8CW5Z>[,;O8K_2W$W>!C(9?4<V,GO/,8/0$+MMOI
M)FVVZ24[VR&:!WJ.]8-<&^SCR5B,F5_HTC&D-')W$#/DMA2OJ+-::F=T;)97
MO_%Q`XSQTSXJJ'"H-)7(3-97`4$#QD5$QVQ\^&2IG8^S6*KH@RMJ^7`ELL."
M"/`M(ZK;7BP_A"3<[C4NIF.;@0N9N#"/#KU4UTS1--CIH(WO<R,C:]XP3A7M
M9&GSOKZQU&E):*@=+++*\/>9"W#7,SZN/?YX40EN-1)+WDCB]SN"YSLGZUUO
MM\D9)=J(L>_?%$8S$X>KR<[@N.RLZ.QN:>N.H4QX)B7V#V-R=[V<61Y`!,1Z
M?UBIPH)V+@#LUL8'01'_`!%3M8SY2(B*`1$0$1$!$1`1$0$1$!$1`1$0$1$!
M$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!>.]D_!>KQW
MLGX(/BO5E<]UXJXHX@&LG>""/5!R>`.BU`G<\M]4!H\!X+*O,1%UKW.YS42>
M/](K7G/M-CQ[ENEER=,#X\*V(G<D]"L5DD[3NR1[B5Z^JD(R]C0/#<?V*59E
M(8[/+7VRHK+;;*B2.#'>R!X=M^06ED@=!4".HA?$_P`6R#!'R5-%=:^@[QU)
M73P!X((C<6@_)6&7BM%:*M\YGF\73#?GXYZJ$39,I)ZOZ.9*9G&&##8(V`-`
M=CVB/'CS6?9=.WR[VN.UR0T\--/.ZHCJ7XX..6\<\^]1F;5]QEI&0U%1&6M=
MN`$#6G/Q\5DTFNM109%'<#&T@-VM#<8^I3,[@VS*C06H65<L'H>XQ``%AR'?
M`J.5UNEH*IU-5QEE0WJPGEJDDW:!JF2-L?TN(G'J86M:X_$A16>HJ*JJDEE>
M^:9[BY\CSDD^))4(X9%L%*R9_>-R-I&WH<^!'G\%+*"]7VWT@K:*J-'21O!+
M(L#<['YI//@H,QSFN#P=KAT(ZJ[)42.X?*YS2.A*D=2=VG,EH9FW*%M?,&?B
MR^/NW!WQ:>0L:G[4)ZZZT=/#33T-.TM:<3[@[IP01XKF3B?6VLP/,]%+]&V&
MRW9P,\\QJ6%OXEC<NSGDD>+.G.5!N7T/:ZRWSTD4[:5FYYY:'!V'9\QPMFZC
MIYHW-DC#7.&-CR%`[-:*P.AJ;5,QOH^YM1!$PQQU'!VG!R-P/CXJ26N[54EQ
M91W2":%SXN\##$7-CYP!WGB[QPLYA=A/TQ%2LJXZ=A#*C+C$Y@+03UY*YKJ'
MLP@%*'4D)@JGDN+6>R3\.5VZI=2MK8:<W&9DTP)9&>6O`\.BJEI98V2.9F48
M/J]2/@H(X\/D^\Z5U+90U[HG&+.,QO!'U*/?2=7"3WF[(ZAS<+ZWJK/E[S+O
MV!H`;W><G]JPWZ5M59&#-;J=Y>`271@.`\NB;EO7J+P^667V1XP\,('AE>/N
MK)`0Z%COB[*^CJKL\TT9#NML6"<@"($_7A8,?9SIZ>23N#'N8W+XA&T8\O#A
M3W2GZCYAP6CDCDH:C;3M`.[(:WKPM4+/459+J:@F(\3@@?:OI6CT?`**00Q4
MT40RUS7LV'X@G"H9INEH:)LE13/,).XRNJ>\'R4S*ELF_$."4.EK8T.^D[A+
M&['#(H7$@^_A3"UZ0MC)*9U%IY]4YOK=Y7S]TUX\#LZX72HK%:I;E33RVRXS
M][E^\#<UN/!Q_8I6^S65E1%-':Y)9,;1,[+M@\O@FX92@$&F[FZDCFDEIXXW
M9:(**``!OD'']:RX*-].?0VMBH&>SWU1(&EIQGSY*WU79]437B+T2YMAH&.]
M:-L(8X#G'.>1]2U3>SNIJS/#==D[I6EPJLY>)/`D>(QYIW1[J[2"RU=JBF]&
MBD?<JQK3N?$W+21U&>F5C:@NE0:EDL=)6PU0BV10L>/5R>21R,K:V;3#=.6V
M.EMM.QTDF!42'J3YX4BHK9%`P.D:U\G4NQX_L4;A9&]'VVYFA>^\@;IG;A&[
M&6_'"S-::FM^E;,\RS&*HDC<VF:QNXEP''U<=5&.U_5-QTM#:Y[9*P-?*YLD
M9;DG`X7`-5:MNVI[D*RY'=M;M9'&2&,'N"M%=\R,B^WRLOE<^Y72J;-4N`#G
M$!N<#`X'"UH:T.(86D^(!RM<9P3AK/D0C'-:X/#?6'DK&WV1V.C'9S91C'XH
M_P"(J;J#=C+^\[-K&_&,Q'_$5.5A/D$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0
M$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0%X[V3\%ZO'
M<M(]R#X8O$[&WBX!TO`GDP,=?6*PX:ZG+0-Q!\LKH5T[(=?3W&JEAM,1C?,]
M[7>DQ@D$Y\UACL7U\#S:(R/[5']ZVB81.T(<7O(,?(\,%8KHGA^][LN]RZ2S
ML>U\&G_LB$'^TQ_>J?WFM>\$VF$GR])C^].Z$Z<X[QI]5V">G)SA>&/</4//
MP71V]CNOLDFS1`^9JH^?M5UO8]KIH_[HC)/_`,3'Q]J=T*ZGW<Q%.2[+W9^*
MNQTL0R>6X\5TO]Z#7K?9M$1^-3']ZI?V1=H'5MFB/_U4?WJ>Z#M<W;#L=O8T
MN/U*["V3O3U8#R<\C*Z#%V1]H3.MEB^=5&?VKUW9%V@ND+A9X@",<U,?_,G=
M"(A!9#`W#6.,CR,G`/"M,<,8<P`>\+H/[T&ON1]%1?[Q']ZM.[&]>NY-IB)`
MXS4Q_>H[H3+G\L[,XC/AQQQ\UM-)7I]CU#1W(D?BY!WF6Y&PG#N/@I0>QOM!
MS_W1#_O,?WJH=C>OAAWT1&3_`&J/C[5/="(V^F[;+0U=)'5T/=F&9H>TL`Y'
M@LA\3G-+0X@>Y<!TMI#M>TNX?1=(T0[][J:2JC,;S[QE=SAJ+NZVMGDLLK:W
M9ZT'?1GUL?G9QC*SF(]I7B5F2CK>\$D=8YKQ^=ZS#[MO_57B*X,&XQEPQN+&
M8W?6>%&+I=>T<]U]&:,@Q_XG?UL?V8<M=])]KPI-IT;;#59_C/3&[,?#=U^:
MC0G$<M0(\MCE+G.X:\CU1\0JF,K2XEYC]P'/UJ#VZO[5N]<+GI"C[H^R:6LC
M#FG_`&G'*E-NK=1R4TSJ[3,\,[/8:*F)W>?4[A-#:,A?M&_&[QQYJS-1N?%,
MR*4PR2<=ZQH+F_6LVB;5S4T<E12.II7-!?&YX=M/ED'"R.XDQT4"*/TU!/),
M9ZBHF;)C>V0C!^'DKWX-6]]M;;)1+)2-Z,+RW`SG&0I(()/S?M3N)/S?M3<C
M61T,40:R*/:P#:`#X>2J;0PL>Q[&XV@@8/@L?5,%^;:)9+!$)+@P@QQN>UH?
MSR"3QC"RK*+I/:Z:2Z4?HM:Y@[Z+>'!KO'!!Z)["S#13PS22&JDE80,1NQAO
MP\5F[6M`\#YK([B4=!]J\-/(>K1CXH+)&?BH/VC:P&EJ%H-)-+).UVQS7;0#
M\5.9X:J.%[J>(/D#26M)ZGP7`];Z3[6=52!M7;*?T>.4NB8R>-NT=!^5Y*U=
M>9'(;Y=[I>YVRW.LEG+?9#G<-6O;'Q[/'Q70F=C_`&BAWK6F$@__`!,?_,KW
M[T&O@?\`N>+'NJ8_O5^Z/D<W[K!SMP/BO6L:",KI![']>D<VB/YU,?WJV.QW
M7_C:(_\`>H_O3<#NO95%5O[)[9%;ZAE/5NIWB*5[-[6.R<$M\?@M5IJX:_K]
M9W>RU>HK<ZGLTL!G+;>`:ACVAQ`];U3CC/*EO9G:*^Q:)M=JN40BJX(RV1@<
M'`')\1PK6GM.U]NUKJN]SNA-+=#`8`UQ+ALC#3N&..5C/D1C1?:I25-OI&Z@
M](%3/6OI351TKA3L?OPQA<.-QX^M2J37VG8M2_@\^:<5'?BF,_<N[@3D9$6_
MIOQX*)QZ!OC>SZWZ?WTOIL%XCK7GO#L[L3;S@XZX\%CGLPN`UE4UI-)46JHN
MPNG>2U4HDB=NW%HB'JD[NCB>G5!U*^W6CL=GK+O7R=W2TD1ED=[AX?/HN7W;
M6/:%;--1ZVJ[7:(;02Q\EL+GFH9"]P`<7]-W(.,*==H6G)-5Z0N5BAJ!3RU,
M>&2.&6AP.1G'@HE-IW6VJZ2W675<%KM]GIGQR58HY7225ACP6M;D8:W(!.>4
M$K_#C3S:6[5$U6Z(6ED;ZQKHSF/>W+0!CUB?#'BL.X]I&E;=4^CU554-+.[%
M1(VF>YE*7@%HE<!AA.1P>>>5HZOL_KZSM(JKM++3MTW4&DJ9:=I/>23T[2(V
MD8QLR[<?/`6FI^S:[NNEPHZ^BM]5;:VY.JYZR2KE!DB)SM[EN`7C`&2<8"">
MUNO=,T5\FL<U:\UT(#I6-B<6QM+2[>YV,!H`R3E4VOM`TW<9W1,GJ*=OH[JN
M.:JIGQ1S0-]J1CG#!:%I+?I&^TUFUFXQVR2ZWRKDD8R?<^%T&T,$;R,'EH(X
MZ$J'1=E.I9K!?[?3U3;335U)'#!;GUSZF,2->'$EQ'J-(!:`,\'E!TNT=H6F
M+K5STM/5S1/BIW50=44[XFR0MZR,+@,M"HMG:-I:XUDE+'55$#A3.K&/J:9\
M3)8&\ND:7#EHP5#!H;5`M=SK*&CMULO'H(I+?_"Y)WQ@EO>>N[U6@@':`./$
MK'HNSC4,%=>+DRCMHEJ+4VDIX*RKEJ6N<7?C!(X@'EO0MP`<<(.BZ?UM8[_7
M"AH75;9GP^D0]_2OB;/%^>PN&"%INT36=38+M9[%0U%MHJFY"1YK;F\MAB8S
M'''5Q)&!T6'V8:,N^F[G7U<Y=0VV:%D<-K-:ZJ$;P>7[B!@>``^:S=:6S559
M=\TMJLM\L<D&ST*NPQT,N>7AV#D$>""JSZMN%KL]?6ZZ]"IX*>H$5+74;M\=
M<UWLEC!EV[/&%EP=I&E);5<KG)634\5M>QE7'/`YDL)<<-RTC.#X*$479KJ"
MQ6JPSVSZ/J*ZWW6:Y36_O',I\R,V!D9()`:!QGQ)6LUEIV_-GIY*ST.74>IK
MS2N?!&7&"&GIP7-83C)YQN*#HA[2=.3T=\?15$CJFUT3JQ\4T+X]\>,A[=P&
M6Y(&?>L;1':-;+Y245'73]U>I*#TR5@IY(XB![6PN'("T%]T1JO4D&H+I<&V
M^ENUSI8;=3T\<Q<RGIA(U\NY^.7.QX!;?46CKS67VZW&WNIFL&G76FW![R-D
MCW'<XC'``P@R*#M&ME/8Z&ON]6*BHKV25-/%;Z65[C3AV`\M(R`!U)Q[E-;1
M<Z&\6VFN=MJ&ST=2P/BD;T<%QZ3LUO\`0W!DE#34%:Q]JI:%KY:R2`4SHFX<
M2&#+V.))P%.]*,KK3=OP8I:"CBL%OH8]DT(?D3DY<SDXQR3XGGDH,K5&M[)I
MNLBH*WTJ>MDB=/W%)`Z5[(F^U(['1HY6'7]HVG*26UQQ.JZTW2F?4T9HX#)W
MS6XX`'.XYZ$?'"P=5:9U-^%C]2Z7EMKY:FW?1]1#7EP#0'$M>TM!Z;N1XK!T
MGV>UNF[SI%\53%/1VBW5-//(20Y\LKP[+1CV<Y\>.$&\_?'TV[3]+>X'U<\=
M54&DAIHJ=SIW3#.8]G7(P5([!>;??[33W:US=[23@ECBTM(()!!!Y!!!!'N7
M)9>S"^FTPELM,ZNI;Y4W!D0J7Q-EADSQO:,M=T71M`Z??IK34%LE9`R?>^65
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M!`7+]-Z`U%05&F)ZZ2A=);KQ75U48GG!9,TANT$=<GH>GO4S[2+1>+_H^NLM
MDDABJ:S9$^65Q:&1EPWD8ZG`(Q[T$0['M>WS5-PN-)J&&&"1\,==0,8W:33N
M<X<^?0+#MW:M/!?K]5:@IJJDL='6-M\$3*3+A*3P7NW9R1GU0.BRK?V;WVPZ
MMTW>K=?WW&"AB]"GCK&MC+*7;@-9M')'O5JN[.[[427-S7T>*G4\-V9F0_Q+
M1@@\>U[D$MNO:%9[72TL]517;=/`ZJ?"RC<Z2GA!P9)!^2,_-6+IVG:;M]4R
MFVU]4Z2W-N3#2TYD#H''VO=CJ<K4]I6B=0:HNSWT\U)/;'6]\$5-43R1-@G)
M)[TA@_&9'&">.JQ;3H"^TMT95S/I=@TB+*0)"3Z0#UZ>S[_L02BR=HNF;U=J
M:V44]0)*J%TU+++`YD=0UHR[8XCG;SGX%>6GM$L5UK314D%Q$TD,DU)WM,8Q
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MIW1MJH@<%\9/4?4I<N3=G6@M2:9U"VIGJZ6GM+(7L?1T]1),R5Y/JN8UX_%`
M>0)764!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`
M1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!4.BC<]DCF-+V9
MVN(Y;GKA5H@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(
M@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(
M@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(
M@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(
M@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`H_=9IV5CVQS2-;@<!Q`Z*0
M*/W4?PU_P'ZE$L\GA@&IJOY3-^F50:JK_E,WZ953VJT6J-L.51JZO^53?IE>
M>E5?\JF_3*I+53A-J\JS5U?\JF_3*I]+K/Y5-^F526KS:FSE7Z76?RJ;],H:
MRL_E4WZ95&U-H4[.5?IE9_*IOTRO/3*S^53?IE4;5YMYRFT<JC65O\KG_3*\
M],K,_P"5S_IE4[0FU-IY5>F5F?\`*Y_[PKPUE;_*Y_[PKS:,JDM"1)RK],K?
MY7/_`'A7AK*W^5S_`-X51M7NU-FI>^FUO\KG_O"O165W\KG_`+PJ@M3:FTZE
M7Z96_P`KG_3*J],K?Y7/_>%6]J]VA-HY5^F5F?\`*Y_TRAK*S^5S_IE4!H\E
MYA-IU*YZ96_RN?\`O"O/3*W^5S?WA5!"\(3:=2N^F5O\KG_O"O?3*S^5S?WA
M5D!>@*-FI7?3*S^5S_IE6+Q=:JU4T=145<PC<X-]MQ.3DH\EK"6]1T4<UV]Q
MB(<XX!@X)Z<.59F=M<5=SRU,NM;@ZXF(356Q\@;GTEPP"<<!3FW7&MGI(Y#5
MS9Y'\83E<:G?LJP<9`>TX/0^MXKK%@.ZTTSL8RW.!X+3V3FKJ>&V-95_RJ;]
M,JJ*HKI'!K*F=SO+>58(630X$I<X@`-ZE9S;4*5K,SICUEUGI:NFH9*F<3R$
MDC>>F%D"KJ_Y5-^F5$KQ6TM3KRCA@G9(^+<V1K#DM//!6;7W&LIZR2*"0,:`
M/R1GHKUK.H_57+>*S^D)$*JK_E,WZ96YL,LTCIN]E>_`&-SLX4)L-75U516B
MIG?(V,L#0X],@J9Z>]N?X#]J>)TOCG>IAO$1%+<1$0$1$!$1`1$0$1$!$1`1
M$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!:&Z?
MY8_X#]2WRT5S_P`L=\!^I5MX5M'#`<%00KA5)"SVSTMD*G"N$#*I*;1VJ"%Y
M@*LKS"G9VJ"%YA7"%20FSM4X3"J0=5&SM6R$5QP5.$V=JCQZ+S"N<>:I.$V=
MJC"]`7N5YD)M/:\(5(59(\U02!XIL[50*$JC<%[N&%.SM>YRA"I#@A>H3%58
MPO".53N";PAVO?%"5YN7H,3!OGD#&9`Y/B>BB;:3%-M-?[P+7''FG=*9<X`.
M,8PHK=;VV]053^X]'=%)`P@NW9]5WWK)UA5"6X14$C<OA/M`X#@2!G'R5^T6
MZ*%\YB>W\8X;@YH=[(('5)O$1N6^/'I"*P[9O;(]DYQP/674-(U#JBRQEV,Q
MO=&"/'"T6K++1PV\5K2&SNFC89">`.?#Y+::).RQNR1CTB4YZ#&1RKUO%J*Y
MJ\I&7`$`D9*A/:!JR6SV[N;=,8JR5SHP]S00,!8/:I?)+;:HI*"HB[TRL:<.
M!+>I_8%PZ:[U-R<XU1#I!*YYDR<NS[NBZ>FP=\]T^'-EM%8X\N@:2J*FTWT5
M\E;+-WA'I`)'XTGG/*ZG7/$M=*_!`=M(!_JA<-J*MK)&Y(`$C#TS^2MK>]47
MBFU*YT4W=&2"`.;@%I]48(STSG*WR8YO;;DM$133L.FZFG957-CYXVD/C&'.
M`YVGA=`TZ03,1R"!R%Q!LT-5)7-GB8[;.P<^)#.OVKK^C)V2%T44@=&VGC<`
M.@R3]RX[5YV[<5=5C26(B(V$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`
M1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`6ANG^6/^`_4M\HG?;C34
MUSDAGF:P[`X`^7FJ7\#TJE1F[ZD@;32BWSM=,PM.<<$9Y"\.IH0P.<Y@\P.H
M&%3MLKPDI*IRH_#J:AJ&2OB;*YL;=SL,)P,JJ?4%%#20UKW/%--D,DVG#D[;
M;TG4:VWCB`O-P6BAO])/3S3Q%YCA;O><=`O&WN,U,4#()7EVTEPQM:#XDJLQ
M,+1CF>8;XN5+GA<WH]1W"EK[Q1.G$HBF)BWG):-_(^&%NFZKHY(:25I&:B5D
M887#<"XX5YI,*UC<;2PN'FO-X"U,EQ@CAFE?*"UK2Z,M&1(`<''S'18DMV<Z
MBAJJ8-D,DC&[>>0XXX]^2JPMV-^Z0>:H,JYAKGM!ETSJJ"WBE,](QH$X]EW/
MBT^:D3-6V@MIY7UC>XJ(C)%(T$M=SC!\B/%3VVF(G2)[8G4RE;I<!Q`S@$JU
M%4B:)D@R-PS@J&6^]U-57RU[6M?2[2!&V7@@MX(5RLO]-14E,V.9KZAO$L>[
MV<\CE3Z<[TIW5UM,#*!XJ@S<J,B\LNM)2LIP1-3NW.D:X;"#UR>!Y>/BK\U2
M13RNDJ60RL+F@=X.>.#A1,:XE>-3S#>]\/-#,%$67Z)CXFU=1#`QO#G$D[@1
MP<8ZK`NVJ:"E]-;35TCZAS<P;F^J3QP/M4Q29G1,UB-S*=]\/-4555W,'>-:
M7NR!M^)PN94VLY&-#*R4[W-!]5N3D>'NSYK9?AI1^A,8^*H,V\!O&=W.>JM;
M%>%*9L<^93YE0U^[`/JG!X0RX/)4-.JG4+ZNMGI'BG<6[6[@3DD#GR6-4ZX@
MDG;!34+VRN<0[+@1@#JJ]MI]FDS2/,IT9P`"3QYKPU#`TR%[=@!)<3PM?VAS
M"U=G;ZVB`9+*(B7'G&YO4>2Y?;]>6ZET4;7)'--<G`QG/LACAUSY^Y33';)7
MNK'OI6;TK.K?#L-+4QU3<T\C)&^;'`A8^IG]U3F)Q<UP?%D>'4*%:(JJ>CTT
MRM(WR;'/#6N).`['LCWK6W;7GTC<C'*V*.$NC<XAY.,8)6<TM;)-:^S3=:4B
MUO=([Q;'W'4MRD[]H=30MD$3?;DYZ-]ZTVE+_-/=)*"H:TG>\!W1W&>JU.LK
M]3Q7:OKJ6K/>=RU\.P^UD^!\%J-#U(=J*-SN7.WN))YY!6M,6\,S/PC)>:9:
MU^9=5ULXOL+&L&7&ICP,9\UPC5&I+PYKK%%5;*2.1SBR(%I)/4./BNXW^YTU
M#24E94O#(8:Z%[W>0Y7&::82ZLNMPH:EIWR%T<C8VO\`:)X]88RK]#^&9F$=
M3.ITC-+2W&=K\PU#VL:7.ZG`'BL1L1A<0X\NY]4Y72::FU!8WU=P;3L;!-ZA
M<YH=D.''`Z>*YJQS7N<XDC/1>CBR]\RX\F/LCXVW-4XB,MP=VYOR]17I*V2N
MNM)//%W19%!'CS#&M:#SY@9699ZJGJ)J:*2CIWODF9N>YN>.!CZEFZP[IFK*
MPL#6QQ]VUH:"1AK1Q]BF+_>[9AGDI'I]U9_1*I9V2.JI(<EKZMQ!'CAK0NF]
MC4C755Q#*R:J:8(G;I&D;3N<-H]PPN(?2\E)98)XV;O2*F;@'&/878^PB6>>
M2XNDB<V.*FAC8XG.[UI'']:Y<E)BKJQ6B8_L[(B(N=J(B("(B`B(@(B("(B`
MB(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`
MN']IEZAI]6U-/.`]L3&>'0EH/5=P7S+VS15K]?5WHT,KFED62T'!]0+;!CB]
MM2PZC)Z=-L6FOE&RJ:))F-!R2#U(]WR\%?.K+=&*BG;('"1^1N&!CP4"-IO,
MLA='1S`GC)X58TQ?7$.]!;CQ!>.5TVZ>F]S+DKU>3MU$)R-<,M=?5TM%3MFM
MTH;ZOYW'/)YZY6FK==.JJ$V^2C9Z(R3=!$'8#..F1X`DK0#2EZ<?6;&SR!?T
M5YNC:]Y'>5$+0/S4C!BB=D]5EGW7V:OK(&20LV1L>X>R[+F^X9\/<5>BUI<(
M8IXS4-F?.W<\R@>J1T`QCP6*-$NSZ];]060W1%*/:N$N3Y-4SCQ?"(SY/S2L
M67Z3O%4^II8Q4NI=KW[@3\`>?<NHZ>M=-.RDEJZ".*XO<Z7<T[&18(V@C/CY
M\]5$*'3U-9+=/-3U$[Y7/C>,N`]DD\8Z=5LK?J>-A?2WDM@><F*0CA_N/O\`
M>N#JLF[=M7I=)BU3O;\P16;TOTMTKXJJ?=(UWLPN/`('ET!4:J]0V[3EXK::
M":H<^.,QNJ,;X:1[N`/B/L6UAOL%1%*(N\J@<B$2QD8>!T.?R<X(*@UPF;'9
M)K;Z$Y\\DF^8EN'O?G)<2?>N6EM?=ETSA[N8\MP&P,HV=[6372EE82YTS6O>
MTGJ8W>7]$_8H5Z6RTU7H4$[9[//+N8X=8I.AP3R`>,A6+6^ZT+WY+F4I.7Q2
M@EN//CH?>L"ON%OJ)I&Q-D[F3VGX_*\P/-=^"M9GB7!U49*\3'$I'<ZN>&..
M:EG<P>Q@.P<_+J"L62\U,,8FG:Q\[^&,V8).>,!:LW&GGHF#)[^/#3N.&N/F
MM?;+J^&8"MC[P#V92,N:NB]?O1$>'GXZY(I,S',>WRG=[O=TNUM=45#A3-##
MB&)FT`CQ(\%;MMXH!24$U9.VMK'</;*YP#.O!S[E'*JZVN>B?WAG+WN:3&WC
MHL=O?72,MH+'-(W/#F$NV_<N6<?;,U]MN^E[6B+S7F6VHZN3Z6E935D38FL)
M89!Y=//E8QN+VS$`L[]W))];GW+'^B+^YVX61[0`><8./F50RS7>,_CH:.+.
M/6GJ&@C[5IJ)GF59I?6M-@R7NH'5,3WND:,.<.A!5=/>)=\8FFD_%<Q-9P&'
M[UKI:*\4S<MGH@T8.62Y'Q]Z\CDN]4\L^D*6-OL^`_9E/3VI%+Q[1"2,JJBK
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M\=1WH:YN3CR4_P!-4UNL-V^D8Z*.60-<!WV7`9&.%CW*CM5VO3JMMKIJ5IP-
MD+=K<^)QYK*UY[IB(X:QVS&Y\MC34-9?+5%:Y;A15'I0&V-\V9`?`<-Z]5?L
MNFYK-2SV>*HMYAEJ`^1KZAV\.;M/YO'0<*AE%144#/1`6.:[=D'#L_'JM=`T
MP/=W)<"YV2=^2?K7-7%:\3$3PZ+YZ8YB9AUF>HM^U\;G1[=N''<X8'B3ZO"@
MD6ANS^>1[8(I)#C)_AD@\`?S?>M2\1]R^+\8&28WALA`=CSQU^:LRU\S8?1X
MWEL738TX"8^DR4WVVT6ZW%;7=#87#2NGZ&[TT-HJZ6#$8=W,]2\O#\YW#CHL
MF?1<A:Z6H?3-$A#B]\K\N]^5'8)&1U`E+&%PQR?%;#4%_J[Q+3ATCF0PL#&P
MM=AG'CA:SAS;C4LXZC#,3PM5]LMD59%9*>"*NEB!D]5[GM:YV"X>?Y(77NR:
MW144MQEAIW4[9&1M[IV1C!/.#\5`]$0VNKFEDN%&R0Q;7':#N+.GQ/.%U[2+
MXG3U?<PB)I`<&>0R<!<^6UJY(IMV8HK?#:\1^W^4I1$5F`B(@(B("(B`B(@(
MB("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(
MB("Y;K:)CM0SN/7:S]2ZDN5ZYEC;J"=KB0=K?\(5Z>66;\+1B!A!=S@*@L8"
M`6DJPZIC`X+L?!6S40;@7/<M-2Y9F%Z6*`Y.T@JP8*8YR=J\WQ/=ZK\^Y7*:
M)DE0QH#23SU\E/B%8B+3IC/AI@3ST6PBMT$UL,S()'2-DQZHZ@K0PP:AKM:U
MU+%'WMO9&"6QL`:UQ`P>![BIFV@KZ2@`=%(RJ;,`S<<`-Q]759Y,DQ$1$\NC
M%@KW;M&X;&*MM-NIJ6$T]7WH8TD0AQ;GWC..JY[V@.?=G4SK5;KB]\>X2![3
MP3X#)4FJ;S-3,'I%RI@\CB/O`7?4%'[A>ZR2,OBJ3UYY7G^CD[NZ(>M7-BK7
M4RE]CJZD:6I8[C.YM46#>&4X8Z/^CAIY^*UU:8)'%OIM63_4>?\`C4:%:R2$
M%]1*YY'/KD8^U:2OJ::.0M;WKG$\^N?O5(Z7),KSU.*(;FNH&UQF-+)5U'=D
MMD$=(9"T^1_&'!QX%<2N%#)1U$T8]@.."7#.,^X]5T*GNQM\DDE,!$Y[BYQ!
MY)(P?L4'EI0^9SFF/#B3UZ+T^BPWI,[>;UO4TM$-.V*1QP&YR?)7FT4[WY:U
MW/D%*;92Q1M)>6$@+-$<#"2WG/DU>K&&'BY.OF)U$(I!8IYL;@=H\UNZ?34\
M4)?'5OC<1R&#"VT<C6`@-*R659QX@'P2<<1XAA/79+>9:<6%[@.^J)Y,_G/*
MN06*G83F,?/E;`U!)P"<+SOL<EV?@K:UXAC;J+6GF966VF$/(:&@#W+:4U$R
M-F`?J"P6RNY))P3URLJ.I:&@#)(YY*BVREXF>67LB'Y3CCPRJH7!L@PSQ\2L
M-M0T\G!`YX5R.I:7^J,>_"RM66];PD-SK75%L[@,;@C&!RHQ&"T;.@ST\EM*
MBK+H`UI^.>%I97>OR?'P*IAIVQIMU&6;3$MK3%K!R?EE7R]IY`''O6J9/W?3
M'3.",J[WSW#.`%-JHQY-,YS^?R4IWM;*''A:_O#NQG(]P5R/(!ZYSXE9VIPZ
M<>3EMJB4%I&>GDL)KF9W?K6/(Y^221DCH2J&[@>"#QYJ<=-09LG<S72<8:`5
MC2$\Y'*I+SC`W<CS5LO=SG/NRMHAS]SW&?+RY7@9ZWN0.DSP&E`23D_8I(EO
M+4^HHY&5$9=&'@X=TW#Q77>S&MFK*BXF:9TFUD>,NSCDKCC9W24]/#X1`@'/
MF<KJ78XXF>Z`^#(_UN7'GI$QW3Y>ET^28^['B75$1%R.H1$0$1$!$1`1$0$1
M$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1
M$!<<[0ZUL.IZF(\^JS/Z(78UQ+M&B,NKJIK&N<\MC`#>I]4+3%$3;ECGF8KP
MT536!M/%(-Q$A/A@#'@L"2YMQPUV?@I>S3S1I)U75M>)P2Z.-QP`#QDG'N7/
MZR2*G>(YIVLSR`2.1E;XKTMO]'+GQWKJ?ED"XR$G`^SJIMIS3];/##522-=Z
M2P2,VAP+1SD$^:AMBH!?+M%:Z69S*A[7'UQ@#`RN\6RGJ:*TTUO>W#H8@QLA
M.[)`ZK#JL\1&J-^DZ>TSN[126NX6:%LUJCA;),`VJFD&X@`\''CA076533ST
ME73U>H9*BMP!W,4.(W-R#R5.:RX7NDF)DGADI6`-D8YAW#/F?)<:[0[U2_A!
M4.@;$WO&@EK/9SCE8])'J7W+IZVLX::KS^S3.9!GNV':_.6D#H?-8+JIU,]M
M-WKI)B,EQ^*UM;?6Q0LE#ADC!#?-:N2YS5KFR0EF\`-.^0-7KS-:_BEXM:9+
M<UA*G5KS$7O<X$=.>JUE3*)&@[B79SGQ5BG%5)"7/-(7`_D5+?O693T!E!=4
MU5/`P'G$@>XCS`'5(R8HC>U9IFF>V6L<X'(5$8P0<%52`]Y((XWNC:2`\C&X
M>>%3&V8\]S(&^>U:Q>GG:LUF.);"&0`=,X]RR&R'D\!44M%WL4>)V"21V&Q\
M[OGY*66_35H93%UTN#72C+G-IZAA(:/BJWZK%2.94Q]%DS3]R$3=*?!QQ\5<
M9-(]N!D^[&5.[%5]GXWTL,E<V5A<=\\,;A\<XY"P-6WVJL4].^WUM*:2HCWQ
MN?3,#A@X/"Y_KMW[(K_GC_IV1]E5C%ZEK_XC?_<(DYSV#UV.`\R,+SO?(\`+
M>&Y1W?3E7/,ZE,PE:TEH#0''D.'CX'*BE0V2%VR1^'$9'CD>[S6^#J(R;B>)
MC]6'5?9_I=MJSNLQO>M-I.70;.]&W>T.;[P5:](!=DD'CQ6[9IB[W>Q6ZOH:
M"2HCV.82P<\.6@N5!/:ZZ6@KX^ZJ(7`/83G!QE7Q9:WXWRRS=)Z<[U.N/]X7
M!4`-RW["KD-2]I&U[AGJ`M9O9&,[S@G@`*]ES`"[AIY'O'FM)F)X8>G,<PV8
MJ7.8<MY!ZGP*MNF.[/)/N\%A"4M_)!]W4JV^HR3QQY=%$5@[;2V0J'._))XX
MY5]M7PW@G'4YX6J9,UP]H@^]7&O=G&T%I\<]5$UA,3:&R]*)/J8Y'GC*K94^
M`D:['EU6M#VDD@\^("];CG#<'ISR"LYK#II>S:OG+6M)&!X<+V*4%V-V0?+P
M6XK+/6UU@L\M'0SR2"-V]\0]5OK$X/O41<7PR.8"<M.",\A4PS6\<->IB^.8
MW'#?=ZW!`.<=5;:1(X,C#G$G`QXE:IE1(WDG+?@LFDJW=\PG<3O&,''BM)I,
M1MC2\3,0VE;155%L](B=&7@D`GR6&QSG')/!\UN];N='=Q"6D!D;01G/.%'X
MY,.Y.X]>2L^GO.3%%Y]W5U6*N+-..OB&QC<!P[&?-=9[$GEU1=O+9'^MRY%&
M]NT$[L'R76NPYS75-YVEW#8AR/>Y9]1^"5^F_'#L"(B\YZ0B(@(B("(B`B(@
M(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@
M(B("Y!K6&!FM'U3J&I,K2QS:B.0X!#1^3G"Z^OG_`+4YWQ:UK`U[O8C]4N.,
M[1X*]*=\Z9Y,OIQW-9VB7B^NIY6TAJFTA]H-DW-^H<CS7%'^DUDI,U47/?ZH
MW`X"ZW'=)66]\#O9))+0<9^6<E0.HCA$SSW1`).`>JZ,'3\367/U/6ZU:/=8
MM3]7:=G9<H67")S00RHIR)!C'F,K<V[MCUA157>5=5#5%F!LGCVYQGKC'/*P
M[;65%+)MI9Y8N1[#L?-3&DFODM,7&&@K@[ESJB)KR1]2Y,V*U9^]&W9AS8LD
M?=G3/@[5[AJ&/T>HHJ:`O86ET,KO'Q&<]%$KM01NCFJI=\LCQLS)@EOO'O4H
MMU@M-RD`KM,6^&5YP71$Q'Z\J2LT'::>GJ"Z.H;$T;=D=87C;YX=T7+W]D_=
MX=L8ZWB-\OGF86YLABGBG:UO3;S^LI3SVQN<P/:TC&<9R%U.YZ%T2V0&6>[Q
M.=X-E8<>_EIZK1U6AM+EQ%->KA&,XS+&QP^S"Z:Y^'#?I8F?.O[H6?0&1O='
M5F(CEK>Z)SY_!;2U3Z8+)#=:ZL[PC#3%$.1\R%OV=G=!("V#537!O)W41</K
M#EBS]FD31EFKK;UQ^,BD;]ZGUX\*_1>)\_X8C6Z+ER\7:MAW?DOA;^PE:V[R
MVFGFB9:[BZL:[E[GM#=I\`MF[LMNDF337ZR3CW3N:?M:K'[UNIRPF%]MF_JU
MK!^LA*YXB?*UNCF8_"UHDPW/I48'D'+(I[@*7O1#51N,K"QX?G`!/&"K%1V>
M:MIW8=;6O]\<\;OU.5DZ-U<TY.GJUV?RFQ%WZE:^:MV>/H[XYGS_`('W!^X[
M!%Y<//[5FW.YRW&CIJ801.,$+6AS6\MP23]I6HETSJ*`N-18KC&6\C-*_!^Q
M89HKE$,2458SXQ."I,Q:T3/LTICMBK-:\;=D[/=`5FI-(54L5R;2N?4D'=@G
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M`)2!\U!L.UYW@]<#&%CMEA>UKI61G80`/,?>M--<)(7_`,5$[/7A6W74DY[E
MHX\%/JU^5?I,D3X;NXU??5?>0T[&M)QM8=H^I;>TU\<&S_LZEDF)V,?(\\>_
M`Z^7S4.9=F#E]."?ZRRJ>Y,E<&LHI'$D8#3DY^043:G;KN_Y:3BS]_=%>?[)
M'?&OHJZI;/%%`]COXN,G`Z<#/Q5FW5!,V^6)KFL9O(<_;@YXZ#[%NM?459`T
MW:KM'HS&P0Y;GUWD@`N?Y>2YZ;VS!#:4]?%ZSIG[J1]Y.3I;TO.JNX3:ZJ:6
MSS0YI9M\>&;7;7Y(QT#0/)<U@KHY9'-DM[RX@^N9<#)/!^7DHN;TX@XIP!X$
MNZ*Q)=YW.!$;!CPY5<?9BWVS/+7)7/FUWQ'"8/FV;FMIR?6<W=WG!P?)9=CK
MJ&DU/217-L[H8W-?(R&/<>F0,]>20H%%<"^H+ZF25L9'(AP#GYK)J;[.^#T:
M&:H9$"'#UP"'#H<@92^>\QK:V+I:UMW3$.YZAJM+W:Y25I?<&R$ELL6&CNG!
MO7X8^WA:R.714-L$D=Z[RNPXQP/BS(X_DDX)`Y\UQ6E](K<Q2U9#"XN<Z5YV
MYQ]I6\M-/'2QG(]9_M.QC"OTM,E_N1.HAIU5J5_F3&YE+HI7M]8-#MW)(\"N
MR]A,SI:B\!S&C#(O6!Z\N7`HY&<!KV$^1R/FNW?N=\^EWTNEWNV0^/3ER[>J
MKK',N#I;3ZD.YHB+R7JB(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("
M(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@+YX[6^=;5>YS<!D?&<?D!?0Z
M^;^V:5PUI6-`:T-CC.YW0^J%T=-&[N7K)UC1$2Q2,.X$`>0QGYDK1U)B[PB-
MH)SS@<!>.J'N]H^J#QT`!6-+-(\8R3CG@8`7HTKJ7D9+1:(A[$2V4.&#ST!P
MIO9*B9L18QXC&.,G@J`![FN'K#/@!RME15KH';N^`&T9;GI\ECU%.^'1TM_3
MLZ')4S-C&UXW#G`^]:JJNM=30S.96.<X^JYN_`6OIZ\RQM#ZB,@Y#G!O&%J+
ME*U[7;).`"`YQZ_)>;7%SJ7JWS3K<-+676O,KG"ID&?(\+$==JYQYG=TQ\5B
M5!.<DD\K'#CNP"<+NC'7X<<3,^[=17NO9('&9SO#'087K[U4OD<XY:TGD-./
M_P`+3!PYZD^X(7=#@JWI4^#[WRSWW.<RE^7%Q\2\DX3Z5J-NS<0P>`*USGC&
M`T@_%>9:#C/UJLX:?"\6M'B6P-TE+A^-F?\`%Q5]U[K)F,8:^H9L]D,<X?;E
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M3Y8YH!S'>F8'UKD3'OY.XY^*J$LW4RN`\\I]+^I]1?WU_AUL:'L->_#*6MBE
M/5C:^%Y'UGE0ZJTS1T]TJZ"2.H!B>0TOE8W`\!G."?@HNVIJV'+9I`3Y.5?I
M=67[G3/<2.KCE1&"]?$_Y4RWG)77C]F_IK/:>[F;5T=2)(B1OCJF$.\O_075
M;9=-&6>QVFEHZ5\506M],>(@'YVY]OJ3N`Y"X0:FH:<-F>`?Z14BH9N_BC<*
MD&08#\CH%ADZ;)/NUQYXKYAV_6':#HRNI&6^N@FJ8Y6@S.VX>,$%HW>(SG@K
MYYKA:/2:BIA=OW2E\=/M(:&YX;D>.%+[Q<)J>V>C0U,&'<_Q#'.^1QE02HK:
MR?8))S^+SMPT-Q]03%BM$+WRQ/[L&0Y><MV#/#?)9-'#12G%36.A\L1;OVK'
M+'$YSD^]>=VY:]LLHM#92T]KAR&7!\FX8_B<?M.%8FAHHAEE5WAZ@-!^Y8HB
M/F%YW;O<G;*9M$LF"HCB`:&?EAQ/_526FGC<QN`.>OBHFR/G)SE;F@WAK1@G
M'DN_HK6KN)\.+K*1:-M]$8B[^+);Y=,+N/[G0QFJOI8W![N'/K9\7+@<9YSN
M&?+Q7=OW-N#5W_K_`!</ZW+HZO\`I2X^EW&:'?$1%XSV!$1`1$0$1$!$1`1$
M0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$
M0%\N=MSI/P_KFM:UP[N(^L0/R`OJ-?+/;<YH[0Z\G:[\7%QGGV![EU=)_4<?
M6_TW.QWXEP_;CKC=E4R;G$[C\`%6Z1I!PUH..A<<K%D>!CH3[B2O1GAY<1,R
MI!D!P#S_`%OVK(AA]0RM(+FD9'!R/@>JQB?SG#X9RKU-4=V\.(C&?SEG;F&U
M=Q+*@IW-E`?)31EW+<L.<^7&<+&N$<U.7ETKGF;GU7C'U+-%13!A+G-W]&M(
M<<D^7"U=P>UKB"UC2>@:SD_8,+GURZ-SIAS`EN>\^(XX6'N+?$$?:K[\%N7`
M@^`5@CGV?M5EZ1PKW-QXGX)Z^,@GYKT$`9=^M>;N>0./'*MM/[`W$<]1[U2X
M9(SX>2/?SM#N?<J3D-Y><(F(EZ6C'5Q5(S[1Y!7O7J<_+"\W$<-X'N19<<YY
MQP,?-6Y-SC@LP`O"Y_CG'GPJ26C(&<^[HJ2FM5Z,-`Y:J)#GD[6GPR%2WCC.
MT]>J>L>&M:1YY4P:Y,$CP/ERO#C')^65X<@\_4O6CKSM^712EX3P<E5LV'#"
MX#/B2O"WX#SY7HV<<$Y\0D[)>%H!<W<,@]0<A>!S<]22O1MR<D?#*9.>N?@%
M$;`@`@Y&2LZDF#0.G!ZCC"P!C()'/GE9#=GYP;QQG/**7CAN+G<C44X8ZHG)
MQ[)(+?L*CSP.<#YE9=0]O=[.\;@]0&$$_659#B&",9+?)5K&HU"T3[K&S`/!
M/OPJ<>"OY;C&/'@*@$DG@YZ*VEXLH^2]V\^]7F-(P<[?B%Z2&D'/7Q4]ND=_
MPMAC"XB/=[MRS*=[FC=M?CIP>BM,?D.S@J_&YN``?M6M*Z8Y)WY9;9=[<`OS
M_5PN[_N92/2]0-VL#A'#DM\>7+@;'/:-I:]S?//"[W^YE)-;J`]YEO=0^J1T
MY<G4_P!*6>"-98?0B(B\AZ0B(@(B("(B`B(@(B("(B`B(@(B(..72CUE%VA4
M&FHNT"XLIZZCGJ]XI8<Q[7@!@XY&#U/DO:;7EXL.H-8T==176^TMIDA_&01Q
MM$$7<M+W$DC))R<<^/@IU7:<J*G7]KU.VHC;!1T,U*Z$@[G%[@00>F.%K#HN
MK,FNW>F0XU&`(?5/XG$/=^MY\\\(+-Z[3[5;O17TMMN%Q@DH&7.HDIFMQ34K
M_9D<"1G/D.>%/*6HBJJ6&J@=NAF8V1CO-I&0?M7(KGV23U(M$D53:I9X+33V
MRJ].I73-_%``2Q`.&'=>'9'1=3;0NI[(+=1.9&Z.F[F)VW#6D-P#@>'N0<(G
M[2+S5T5]N]+KFW4;X*R5E!:74;9)9F`@,'YV2<A3V;M,9:Z&&.YV6X55TI:&
M*KN[*"(.90;FY.\N</><#)6--V7M=V<VS2T3Z%M?3RQ2S5O='+RV7>_!QN&>
M5BW/LNJZG4MTK&?0,]!<JADSY*ZC=-4P``!S&<[2"!X],H+UX[1ZF#6E/!:Z
M*NN=H99Q73044#7R.>\@L))(V@,YZ]5MYNT^SOH;=46JW7.ZU%;2&L%+21-,
MD4(."]^7`#D$=>5J:K0NKZ:]ZAJ]/7FTT=)>8X:8MDIWF2EACCV-,>"!NP7<
M$8Z+"N'9++#<HI+,+)-1?1\-#MNM,^5\'=Y_&1X."3DD@\902.H[3;0ZAMD]
MJMESNU1<*4UD=+1Q-,D<0."Y^2`.>.O*KJNTJUMI+=);K5=KE65U,ZJ914T`
M$T<33ASGAQ`;@\>_P6HET#J6U7J6LTA>;90055!#12F:D)?3B/.'Q-;ZO)).
M#Q\5=N>B=70ZIJ+[I_45%%+76^*AJ9ZVG+Y8]G_B1AN&EQ/.#QR@V%;VEV^&
MVT-=26.\UOI5*ZK,<<`88(VDAQ>7D`$;3QG)PI;IZ[TM_LE%>:(2"FK(A+&)
M&[7`'S"YCJGLSU#?*^ODGO-OK8IZ..FIYKA"]\M.0,.+6M(8"XY.[&1GHIII
M2CO%MK'6IYA%BH*&GIJ5K8R'&1K</.3U'`08^J-=06.[FT4MFN%VK8J7TRH9
M1AOXB'.-Q+B.>.@6#5]I='Z7:J6SV6XW>2Z4'IU,*8-!+,D8=N(V]/'X*K56
MCKY5ZBGOVF;W36^>MH?0:QE33F5KF9)#VX(PX9QY*K3V@OH&_6.LI:QKZ*UV
MDV_8]IWR.+MQ?Y>/1!:_?.MTM@MESH[1<:JLN$\M/%;F!HF#X\]YG)QAN.N?
M$*5Z7OU%J6QTMYH!(V"H!]248>QP):YKAX$$$+FU5V35$UBMU.:NWS7"@N%7
M51>DPO?!)'.[)8YH(.1AO(\0NAZ.L3=.:>I+2#`YT6YSW4\(B87.<2=K?`<H
M(P.U.TFXM8+7<OHAU=]'"[;&]QZ1G&W&=VW/Y6%8T[?=2W;M8OUNJ#)!9K7"
MUC:=O=EI<_V7N/M$G!P!T\5@M[+;DV86@:@B_!47/Z3]$]&_'EV[=W9?G&S/
M.<94PL6FJBV:QU'?Y*F-\-U$`9$T'='W8(.3[\H,+5':!26.[36FGM%QNM52
MTWI=8VC:W%/#^<=Q&3[@K]LUU;+K?+9:Z&&:1EQMGTE#4'``9G&TCJ'+5:KT
M/>:S4-;?--WR"WS7*B%#6MJ*<R@L'1[,$8<!Y\+#?V<76UUNGZS2U\IZ62V6
MTVV3TNF,@D83DO`!&'9)..B"H=K%++3VA])IZY54]TFJ8(*>$L+]\+@#G)`P
M<]?!3RZW2*UV*JN]8WNF4].Z=[7'V<-SCZ^%SW2G9K<;)4Z7FJ+K3U!M$U;)
M*0P@S=^01CRQCE2CM(TW7ZLTR^Q45<RC942L](>X$[H@<N:,>)X00GL7U;J:
MYU]RM.JYS-5R4L-SHLM#3W,GY/`'0X'UK$M/:+?*"LU#>;]25M30,O7T12T-
M-W1[I_@!T+G<\\X.1A2*@[,C9M8V745IO=;**2-]/4QW"8RF2`MPUK"!Q@DG
M!X5#NSJN-/51"XT^9M4B^@['<1@#\7_6XZ]$&=?>T1]DHXJFLTM=012&LJVY
MC'HK`[&"XNPY_CM:3PJ+SVF4]!73TM)8+E<1#;8[F]]/L`;"[)R=Q&,`+#[0
M.SJXZIN];617"@,%3;S2,CK8'2&D=GVXL$`$^)(RLN'0=<RKN=0ZNI_X7IV.
MSM`:[U7M:1O/NY^*#)TWVBT5\O-);?H>Y43*^D=5T-14M:&U,;<;B`"2.OCU
M5FV=I#+A=&VQNGKC3U-33S3T+9W,::D1G!!&<L)\-P5-NT)74E;I2H^DHF_0
MUIEM[W1M.YSGM:`]OEC&>5'K!V7W^R7"@N5/<[0:RBIJB%LPIGM?,^3)$LKB
M27.!QQQT02?2_:/0ZCGF;26RLB@HZ4SW":<!HI'@G,3O-_JD\>&%18.TZTW9
MM1)46VX6Z)E"^XT[ZEK?X33LSN>P-)Y&.A\PM;I/LVN-@GJHWWEM507:@=%=
MV/#M\U2[=NF8?#(=C"HT3V72Z?=-Z34VMSF43Z.FJ*:AQ*0X8+Y"\N!.,<`8
M/B@D6D-=1ZDJX:<V2X4+*JE%92S3!KHYHB?SFD[7<@[3RN%]N&3V@UX.=O=Q
M?E$#V`NL]GG9U<-*WZ6YSW&B$)IC`::@A?$R=V0>]D:7%H=[F@#E<_[7](:G
MO&N*VMMEBJZFE<R,-FC:"'88`<<KIZ68B_+FZNLVQZAQ_#-I.T#/@#C/S5J0
MM(]5@;Y[2I2>SK6V<_@M<CXC+&DG_P#V5M_9WKL@G\%+CGP]5N?UKNG)7Y>?
M&&^_")2;6XY<.?`!4L+W.]0RY*E'[VVNLY_!.X$?U1]Z\'9MKL'/X)W`#W,:
M3_B6<Y*_+>,5OA&P'LYD#VGPRX_JRL>1[#@<;O'DG*EKNS;7?`9I*O:?%Q`/
M_$C>S;7P)(TQ7CG_`%3?O6<WKORM&.VD)<223T`XX5G>[/N]ZFY[--?<[M+W
M-WN#&C_B5IW9CKUQ)_!&XC_9;]Z=]?EM6L^\(=N(PO.\=G.T#/BIC^]CKP=-
M)W+C^@W_`)D/9EK\]=)7`?[#?^91WU^5NS]$-+N2!NS\%YT`<YV,]!U*F9[,
M]?@8;I&X_-K?O5'[V':!U.D[A\-C?O3OK\IBLH=O+ORC\D.`<;G'YJ8_O8=H
M'3\$[CCRVM^]/WK]?C_]I7#]%OWJ)O5/:A;L].<>\+T#/B.5,OWK^T'QTI<?
MT6_>G[U^O\Y_!2XG_8;]ZCOA.I0_N@.2\?6O2TX_C&@>04P/9?K['&DKC^BW
M[T_>PU__`.Z5Q(_J-^](O5';*&\8&'D_-,CC.3GP4R_>OU^.1I*X_-K?O7G[
MV':`>ND[C^BW[U,7K!VRAA+?(X\UZ7#CU?K4R/9CVA9S^"MR/EZK?O3][#M"
M_P#=.X_HM^]3ZE?E/;*';CGV0O-Y)P!CX*8_O7=H'_NE<?T6_>O?WK]?_P#N
MG<?T&_>GJ1\H[4.:['B.OB%>;(6^+B?+J%+!V8=H&/\`-.X_':W[UZWLQ[0!
MQ^"=P`\?5'_,I]2/E$T1)SB6C@#W`JV3YNP?BID>S#7^,#25P_1;]Z\/9AK_
M``!^"ER_1;C]:=]?DBB&DN'.[&5Z,'G<<#PZ*8CLPU_U_!2XC_9;]Z]_>QU_
MT.DK@<?T1]ZGOK\G;*'<#@EQ^!7K7'.,\>]2\]F.OSTTE<0?/:W[UZ.S+M"'
M32MQ^;&G]JF,E?E'9*),)Z'D*[&"_EH]D\\J5#LR[0#C=I:X_H-^]76]F6O1
MS^"EQQ[FM'_$M*Y*_*EJ2BGK@<9Q\5WO]R]O].U$2?5[J'`^;ES)G9KKH?\`
M[4N7S8W[UV7]SWI?4&GJV^/O=KJJ)L\<0C,P&'$%V<8^*KGO6<<ZE&*LQ>.'
M<D1%YCL$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$!$1`1$0$1$
M!$1`1$0$1$!$1`1$0$1$!$1`3`\D1`P/()@>01$#`\@F!Y!$0,#R"8'D$1`P
M/()@>01$#`\@O,#R"]1`P/()@>01$#`\@F!Y!$0,#R"8'D$1`P/(+S`\@O40
M,#R"8'D$1`P/()@>01$#`\@O,#R"]1`P/()@>01$#`\@F!Y!$0,#R"8'D$1`
MP/()@>01$#`\@F!Y!$0,#R"8"(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B(
M"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B(
M"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B(
M"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B(
M"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B(
M"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B(
M"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B(
F"(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@(B("(B`B(@__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g60091.jpg
<DESCRIPTION>G60091.JPG
<TEXT>
begin 644 g60091.jpg
M_]C_X``02D9)1@`!`0$!KP&O``#__@!"1$E32S$S-#I;,#9.64,U+C`V3EE#
M-#4V-2Y/5510551=-#4V-5]/24Q?0T].7U-%04)23E]#4E5?0T],+D504__;
M`$,`!P4&!@8%!P8&!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@
M&1HE,B4H+"TO,"\=(S0X-"XW*BXO+O_```L(`:("LP$!$0#_Q``=```"`@,!
M`0$`````````````!@4'`P0(`@$)_\0`7Q````4"`08$#@P,!`0%!`,```$"
M`P0%!A$2$R$Q=;,'-C=T"!05%B(T-4%15G&5M--35%5A<Y&3E+&RTN,7(S(S
M1E)R@822PL,D0F/$)42AT29#9(+!16*#A2='9?_:``@!`0``/P#I$`0*I<U4
MIMPU`YQ2(U)CNDW',X'XN2>9)>3GC5H-2LI)'AAB6&.)C3:NFXLJ!3'7()SZ
MJW#?9?2P9(C)>SIK2:<KLS231X'B6.5IU:?#UY5Y422\TF$A5(A2)<S%LS*4
M;4AQG)1I_%DHF5JQ[+`U)+3@>-F$HC02].!EB%<[ZH29)13:K!2%(-PFNH\K
M*-!&1&HBS>K$R+'WR&3KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=
M>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5
MSS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6
M#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M
M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?
MJP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)
M]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS+
M+]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KS
MI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>
M99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=
M>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5
MSS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6
M#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M
M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?
MJP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)
M]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS+
M+]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KS
MI/M2N>99?JP=>=)]J5SS++]6#KSI/M2N>99?JP=>=)]J5SS++]6#KSI'M2N>
M99?JQ&RN%&RH;ZXTRIR(TA&A;3\%]"T]_2DT8EH#P`0#UJTM^IKGO=,.(6\4
MA41;IFP;Q)R<YD>'`B]['3ACI&HS8]%9C+90N8:R-G,OJD&IR,EK'-);,]1)
MRE8%IQRCQQ`]8U!=C1HV1)0TTVIEPDOJ(Y+:EYQ273UJ(UF:C[^)GWC,@U!6
M?Y2(.QI&_9#2````````````````````````````````````````````````
M`````````````````.2^&7E*K?[36Y0.M`````5G^4F#L:1OV0T@````````
M````````````````````````````````````````````````````````#DOA
MEY2JY^TUN4#K0````%9_E)@[&D;]D-(`````````````%&^F$S)5LP'EOE'D
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M`M`^N5>HT"B0Z[4:VW4">B*==B&E"#><-)*04?`BP(C/`\HU=C@9Z2/'.N[J
MJBJ-T%5$C]65ODWDE-/,$E3*W4KR\WE?^6I)EDXX^$C&JQPA*D2*9DTHF8\V
M*T^2I$C(4HUI49I;[')6:33@991*TZ"/O[3]\*)B"J-2C<?F18$AM"W\E)'*
M=-LDF>2?Y.&)GAI\`T'.$&>Q'6[(M]!J-+R64-32/..M2FXRTXF@L$FIPC2?
M?(CQ(ABJMZUIF?(I[D!B*Y$BSE339D9Q2%-LMNMJ:4I&!D9.%^4DM..)8%IW
MV;X?)AN:Y2L:6ZZ_%9D=,%G''FFUJ/*02<$I4;3A$9&9XD1F1$>B6M6XI-9?
M=CS*:F&Z42--02'\Z1M/$K)(SR2P41H41D6):L#,,H`#DKHAZ]7*?PCOQX%9
MJ$5@HC)DVQ)6A.)D>)X$>`:>A\K==E6G>LIRJN2)L=#9Q5U"2:FT+R',G$UG
M@18X8A]AW7+H?3:*BNK./9I@D0:LRE+V>6X3>4EUI)H4UBHL<DE&GO%I(AN5
M#A$5#HZ9RJ:VEY'3!NM.OK1EDR1&9M%F\I9*)1&1FE*2TY1EHQUD7Y4*455G
MU>";U%:J3T9J2AU).IP;):$9LDX&G0:<K*QQ/5AI$E*O.JPU%!DV^T56=5%S
M+")N+:DOFM*34YD:#2IM646!Z,#+'4,4OA`7`.5(G4<T4]EV8PEUI_+<6Y'2
MI2NPR2P2K)41'CCCK+`\1*T:Z79].JLA^FK;?IZ,LTM&M3;Q9!J(D*6A!F>@
MR,LG0?AQ$;%JM4IUOP+DGUIF6F1!<EO0UI0@G#S)O)3'P(CQ223+LLK%)&9Z
M2&RS>3Z8DIR;229D1T0EJ:1(RRPDN&A)9626E)8&>C#'$B\(AYE^3V9$*KNP
M3:H;D&;*;2APEN22;4TEO*+)[!1FHSP(S+!6G26`GX-UNR*%6Z@[3C1(I;:U
MJ0V:S;>P;RRR%+0DS[Z3[$L#(_>&K&GU.ETV#5I]?C3"?A.2'X[QMLDXHF\X
M685HR4D6)'E&?8X&9XD>.K$O]^3FF&:6PY)5-Z64I,E1,I04?/FX2E-DHR)&
M)89.D]1F1XCRGA`G?X;.V]D'48S4BG%TV1FZ3KR&VTN=C^+/\8E1X91$6HS/
M0";P@O0WW::Y1R.K1E.],,I>4IO)03:B-M:6S-1J)U&!&E.G'$RP+&2I-X+J
M-R=2>IY1F5)-39R'3;?6G-I62R:4DB-)XF78J,R,M)%IP<``````````````
M```````#DOAEY2JY^TUN4#K0````%9_E)@[&D;]D-(`````````````(RN42
MGUQJ.U/2^?2[N>:6Q(<96A>2:<24@R/4I1:^^(^+9M%C38LTCJ+ST5S.L],5
M*0\E*\DTY62M9EC@H^]WQOOT"CR)-0DO0&EO5",424H\?QK196"3TZNR/5X?
M(-)VS[>=7&,X&2AAEIA+2'5I;6VT>+:5H(\%DD]641X#8D6S0Y+!L/T]MQHS
MD&:5*5@>?,S=[_\`F-1_'HP&2BT"F40Y*H#3I.232IYUZ0X\XX:4Y*<5+49G
M@6@:L6TJ%%?0\U$7@UEYEI3[BFF,LC)6;;-62C$C,NQ(L",R+`C&_3*-3*6V
MXW`B(90XEM*R(S/$D()M):3[R4D7[A&LV;;K2'6ND#<9<87&)IYY;B&FE_E(
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M2VX;#<;*(S/\6WE9"=)][*5\8W0`";<O!I9=SU155KE'Z:FJ0ELW.F'4=BG4
M6"5$0VK=L.U+<@U"GTFD(:B5`B3*9<<6ZETB(RP,EF>C`S^,9&;,M]IIYOI:
M0Z;J$(SK\QYUQ"4*RD$A:E&I&"B)19)EI(C'V39EO28Z&'HCRDDVZVM12G24
M\ATR-Q+BB5BLE&1&>49ZB'AFQ[9:DG(ZGK<4HU*4AV0XXVM9MYLUJ0I1I-9H
M['*,L<.^,\"TJ#!R39B+6M+C3B5O2''5$;1&3992E&>"<I6"=18GHTC._;5#
MD-&T]3FW&U.O.FE1F9&MXE$X>O\`S$I7QZ!L4FD0J4AU,1+IJ=42G'7WEO.+
M,BP+%:S-1X$6!%CH$<S9]O-9PB@FIM;3K"65O+4VRVY^<2V@U8-DK4>21:-&
MH9)UJ4*=,:ER(BS<;)DL$/N(0O-*RFLI*5$2LE6DL2/`8$65;27GW>IZE9YM
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MRT&9$1Z3\)B9`````````````````````.2^&7E*KG[36Y0.M`````5G^4F#
ML:1OV0T@````````````````````````````````````````````````````
M````````````#DOAEY2JY^TUN4#K0`KFLWHZF]H-*A38S41IU^-(9<-).2'B
MCJ<2197Y*$F22Q_S*,RU)/&/AURX64TNB5*;4HM:J"XI/.2.EEI0VM*S6MG-
MIR25E(-&"L<,2,L1X>NFX%P9SJ:DAM5&I\F4I26D?XY;4EUHB61EH2:6=.1@
M>*]!E@1"UTJQ02L-98X"N7JY4^O^&]UHUC.%27TDSG(N499]KLOSV&!8>''2
M6COABZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`Z
MXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5
MSY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX
M'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$
MBN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/
M7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJO
MXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6
M)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%
M5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?
M*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`Z
MXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5
MSY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX
M'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$
MBN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/
M7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJO
MXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6
M)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%
M5_$BN?*Q/7`ZXJOXD5SY6)ZX'7%5_$BN?*Q/7`ZXJOXD5SY6)ZX<S<*TIZ5?
M]8??I\B&XI3>+#ZD&M'XI!:<A2DZ=>@SUCK\`U9=/A3'&')49MY3!J-O++')
MRDFE6CWTF9?O$4S:-OLQ'(C<#!MS-Z3><-:,V>+9(6:LI!)_RDDRPQ/`>G;3
MMYUB''73&\U$3D-()2B(TY1*-*L#[,C41*,E8D9Z3TB="L_RD0=C2-^R&D``
M````````````````````````````````````````````````````````````
M```<E\,O*57/VFMR@=:`````K/\`*3!V-(W[(:0````````````-.K5.#1Z>
M_4JG)1&AL$1N.KU)(S(OI,@L_A,L;QBC?R+^R#\)EC>,4;^5?V0?A,L;QBC?
MRK^R#\)EC>,4;^5?V0?A,L;QBC?RK^R#\)EC>,4;^5?V0?A,L;QBC?RK^R#\
M)EC>,4;^5?V0?A,L;QBC?RK^R#\)EC>,4;^5?V0?A,L;QBC?RK^R#\)EC>,4
M;^5?V0?A,L;QBC?RK^R#\)EC>,4;^5?V0?A,L;QBC?RK^R#\)EC>,4;^5?V0
M?A,L;QBC?RK^R#\)EC>,4;^5?V0?A,L;QBC?RK^R#\)EC>,4;^5?V0?A,L;Q
MBC?RK^R#\)EC>,4;^5?V0?A,L;QBC?RK^R#\)EC>,4;^5?V0?A,L;QBC?RK^
MR#\)EC>,4;^5?V0?A,L;QBC?RK^R#\)EC>,4;^5?V0?A,L;QBC?RK^R#\)EC
M>,4;^5?V0?A,L;QBC?RK^R#\)EC>,4;^5?V0?A,L;QBC?RK^R#\)EC>,4;^5
M?V0?A,L;QBC?RK^R#\)EC>,4;^5?V0?A,L;QBC?RK^R#\)EC>,4;^5?V0TTZ
M=$J4&//@OH?BR$$XTZC4M)ZC(;(``````````````````.2^&7E*KG[36Y0.
MM`````5G^4F#L:1OV0T@````````````)O"QQ$G_``T7TEH.)#Z$UJOW%.*5
M4Z52(TBDL2E,(:-TTR9*4+-#CB/\I8*)62D_RB3K3B0D"O"A'5UTK/O9U+BV
M"=Z7<S*G4)-2FDNX9)K(B,\DCQT&6LC(1J>$BUU()U+E0-HVVWR<.GODG,K/
M!+V)I_-XZ,K4)"->=`DU15-;DO$M+[L7/.1W$,F^WCEM$X9$DU$25'ACJ(\!
MBAWU;DM+BD2GVTI2VX@WHSC>>;6LFT.-Y22RT&I22RBT:2[QD-FI7;1:>^J*
MZY)>E$^J,4>-&<><6ZEM+II)*2/'!"TJQU?$(>O\(M$I]$>J$);TMSI`YC9(
MC.FA"3RB1G5$G\62E)-/98'B1^`3UT5ARC6^_4&(_3$LR0U&CXX9U]Q1(;1Y
M#4HL?>Q&A0[PITVDQY4]90Y723LJ2RHE8-9E60^65AIR%D9'W]7A&9J\:&[,
M1%0[)P69()XXSA-9PT9>;-9E@2\G_+KQT:]`U#X0+=Z19GMJJ#L1UM3R76Z>
M\HB93AB\>"<2;T_E'H/`\,<#&U)O.@1JFFG.R7\XIYJ/G41G%,D\YDY#9N$G
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M]2Y3+$*`<SIA>!Y\B5@>0DC/$M'?P/'O=\0!W_-BP'9%1I<-EQV`S489-SLI
M&9<<2WB\HT%D9!K2I2B)1891EC@,L&]ZC4V(L6FTZ#(JK\N1'2M,Q1PUH92D
MUNI=)!F:<5)219/Y1F7>#!$N(YMHMW##IDE]UQC.)A-Z7#<QP-&.K0K$L?`6
M(@E7?6F)3U%D4F"NN=,,,,ICS%+C&;J'%]FLT$I)I2TLS+)Q,C3A^5HQ.7U4
MW(ZRA4-ER9!CR)%29<E&E+1,NJ;4AM1(/+4HT+-.))+`M.&(]Q[Z.;=_42(J
MEM1B4P1'*D.(>=SC27>P22#3CDJ+`C41G@?@#^```#RY^;5Y#"GP4\F]L;.9
M^J&X``````````````````')?#+RE5S]IK<H'6@````*S_*3!V-(W[(:0```
M`````````$WA8XB3_AHOI+0<B`$IVU*RA,JE0*\B-09<E;ZT)844IE*UY;C;
M3I+(B2I1JP,TF:249%WL/!V;4%2RCJJS/45N>]466.ECSQ/.99Y)N96!H);B
ME?DXGH+'1I^NV-G*6Y`ZIX9=$8I.7F=6;-1YS#*[^5J][6(RDV=5IV>9J\MM
MJD%69T]$5+!I?,UN.DDC<RC+(,EY?Y..DBQP&9=BUB3"2Q.KT9QR%"1#IZVX
M9I)))=:<RW2RSRE&;#9&2<DL,<->B3H]J3F*RW6JE567Y9S'I;B&8YMH[-AM
MDD)Q49X$31'B>O$0SO!Y4V:=.IM,KT=EBIPBAS5NPS6O!*G#)3?9D1'DN&DR
M/'41D&FY;98N)=*9GNY5/AO&^[&P,L^LD&E&*B,C(DFHU>^9%X`MR.#*(I"H
MD6H*C4\YZI!1TMFK!AQ"2D1\HU?DN*02L>\9GK`YP<H5<CU1*5%Z4=EN33);
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MXY1S5<2JT4HT&<$X9-D@L2[/+R\3^C`)$;@T<1'EK7*I3<Y264LJBTPFF7,V
M\ETU/-DKL\M24D9$:4D1=B18B18LVK17D5>'4X#-;*4Z^HDPU%$R7&T-J039
M+)1?FT*RLK$U$>.@]&VW9$>'0&HE,E$Q6F81Q&JNMK*=21F9J/`C+6:E'KT8
MZ]`UV+/JD6FQF(DZDQGX$M,N$<:GK0WEY*T.9TC=4IS*2LR-641XZ3,QKKL2
MJ-,.=)5UEN7/CR(]2=<C*43A/.J<-;1$LLA236LDXFHL#+''#3(R+6J+LF-#
MZJL'06)$:2AA44NF$&SD&A!.$9%DFI!&9FDU:3+'##!Q```!Y<_-J\AA3X*>
M3>V-G,_5#<``````````````````#DOAEY2JY^TUN4#K0````%9_E)@[&D;]
MD-(````````````";PL<1)_PT7TEH.1`"E'N]R2:9L>AS':(J3TLF>VI*C5V
M>1G":+LLWE:,K7AV6&3I$LBY*`Y/ET]%9@G+AH4N0SGTY324_E&HL=&&C'P=
M\86[NMAV'+FMU^G+BQ%)2^ZF0DTMFK\G$\>_WO#WAN1JY1I,8I4>JPW&#8.3
MG$/)-.:(S(UXX_DD9&1GWL!IS+MMB%*5$E5^G-2$I-2FER$DHB(B5I+'7@9'
MAK,A\>N^UF&(K[UPTU#4I!.,*5)21.),S(E%IU8D98ZM`\1[KI4NMOT:$^R]
M+C2DQI"<^A)H,VE.$9%CBK\G),BTD9'WDF,S%UVS(:EO,U^FK:AJ),A9249+
M1F>264>.!8GH+PGH&>!7Z)4(\>3"JT-]F0\;#2D/),EN$1F:"\*L",\->!#!
M)N.`Q<D.W31(5-DMK<)1-*)M*4IQTK,L#/WB,S\.`QW'<::,_'BLTV74ICS;
MCY1XIHRDM-X9:SRU$6C*21%K,SP(:D>]Z/(E,I0W(Z1=02BJ"DI)@E&QG\@^
MRRB/-=ECDX=[''0&"F2SG4^/,..['SR"<)IW`EI(])8D6H\,-`V@"+N6LL6_
M0YE8DMK<;C((\A&&*C,R2DL3T%B9D6)Z"UF-"G7%(),SKBIAT;I9I+YR%/D[
M&6V>)8D[@191&6E)D1Z2,L2,9W;KMIFF-U5VN0407'#:0\IXB2:RQQ3Y2P/$
MM98#4:O>WE5AREO5*(RX9,'&6N0C"43J<I)HTZ2U%CWS,A)%<-#.K.4<JO"Z
MI-I-2XV>3G$D18GB7O%I\FD:CMY6FS&3*<N.EI84I24N')1DJ,L,K`\=.&46
M)EJQ&X]<%$9J$:G.U6&B9))*F63=+*62OR<"]_`\/#AH&O6JZN#4(=*@P')]
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M2FI)I*U1U*0G"8:7<T:6\%&>.<,DX*)..)&6C2&M)F:2,RP,RTEX!]```\N?
MFU>0PI\%/)O;&SF?JAN``````````````````!R7PR\I5<_::W*!UH`5?=%P
M5IN\828[=1C1V%2F&(_2SF;F+**M9.*418*22B222Q[RE'WL(R+/E&Y2::W6
MICT"HM4QV>^<E:EDX]GC61+QQ;SAMME@DRPQT88C`_6:@Y3)KZZU+25,IDJ1
M35I>-.?<1+=;;4HR_.]BAI."L2/+QUJQ%T)-1H(S+LL-7OBMGJC=?7]$<ZVH
M73!4E\DM=5-!ISS6*LK-:\<-&'?UZ`Q=5+S\4X'GC[D'52\_%.!YX^Y!U4O/
MQ3@>>/N0=5+S\4X'GC[D'52\_%.!YX^Y!U4O/Q3@>>/N0=5+S\4X'GC[D'52
M\_%.!YX^Y!U4O/Q3@>>/N0=5+S\4X'GC[D'52\_%.!YX^Y!U4O/Q3@>>/N0=
M5+S\4X'GC[D'52\_%.!YX^Y!U4O/Q3@>>/N0=5+S\4X'GC[D*_"//N=ZT9;<
M^WH<6,;\;+>;J6=4DNF&]2<V6/QD+1(`1*92+NIL2+;D1<)NEQY!&BID\9OE
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M6E3;N5D'V19!92</\QX&>&G`FQHR(5"B%&A./Q(C<67/6R6<=;;01)018?DJ
M418EC^21I[XWK&IMPTYF85>EJ>-:D9M*I9R3RB(\M9*-"<DE'@9(U)PT:\":
MP",N*+.FT:3&IRHO3*R+)1*;RVG2Q(U-K+`^Q4G%)G@>&./>%<G8=5>C5'I&
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M)$9%IT;QTJ1UWG6B6WTOU.Z5R<3RLO.Y>.K##`+EPV=5:YF:D=8>@5-?2A/,
M,*;<8;2T\EQ6;4MHU8XD9EJ(S).)8$,]=M!;\R7,H[,.'*6P;O3"4$AR1*/0
M2UJ))X9*<K`\#P4YE88I+&;M"'585&2Q5WE+?SBU(0J0<A339GV*#=,B-9D7
M?,O>TX8G.```>7/S:O(8K'@VJ-U-6#;S<2VX3\=,%HFW5U3-FM.&@S3FCP\F
M)AGZJ7GXIP//'W(.JEY^*<#SQ]R#JI>?BG`\\?<@ZJ7GXIP//'W(.JEY^*<#
MSQ]R#JI>?BG`\\?<@ZJ7GXIP//'W(.JEY^*<#SQ]R#JI>?BG`\\?<@ZJ7GXI
MP//'W(.JEY^*<#SQ]R#JI>?BG`\\?<@ZJ7GXIP//'W(.JEY^*<#SQ]R#JI>?
MBG`\\?<@ZJ7GXIP//'W(.JEY^*<#SQ]R#JI>?BG`\\?<@ZJ7GXIP//'W(.JE
MY^*<#SQ]R#JI>?BG`\\?<@ZJ7GXIP//'W(.JEY>*<#SQ]R.:>%1V<]?U7<GP
MFXLDU-Y;*'\ZE/XI&&"LDL=&!ZAU^`>%-MK6A:D)-2#,TJ,L329EAH\&@:::
M/24QI$5-,AE'DJ-3[1,)R'3/6:BPP4?E'MRETUU,5+E/BK3$,CCDIE)DR9:C
M1H['5WAN!6?Y28.QI&_9#2`````````````F\+'$2?\`#1?26@Y$````````
M``````````````````````/+GYM7D,*?!3R;VQLYGZH;@```````````````
M```<E\,O*57/VFMR@=:`````K/\`*3!V-(W[(:0````````````$WA8XB3_A
MHOI+0<B``````````````````````````````'ES\VKR&%/@IY-[8V<S]4-P
M`````````````-2I5*GTJ*<NISH\.,2B2;LAPFTXGJ+$]&)C2IMSVY5)10Z;
M7J;+DJ2:B:8E(6LR+6>!'CH$P%^[:G4:<U2V:447IJ?.1%2N4E2D((T+49X)
M,C/\C#7WQ%+JEV4ZI4=NI/T61$G3"BK*-'=0M.+:UD9&I9E_D\'?#KWAR7PR
M\I5<_::W*!UH````"L_RDP=C2-^R&D````````````!>OJC2Z_:\VE0'&6Y3
MIM*;4_CD8H<2O3@1GAV.&@1N7PE^UK4^7D_8!E\)GM:U/EY/V`9?"9[6M3Y>
M3]@&7PF>UK4^7D_8!E\)GM:U/EY/V`9?"9[6M3Y>3]@&7PF>UK4^7D_8!E\)
MGM:U/EY/V`9?"9[6M3Y>3]@&7PF>UK4^7D_8!E\)GM:U/EY/V`9?"9[6M3Y>
M3]@&7PF>UK4^7D_8!E\)GM:U/EY/V`9?"9[6M3Y>3]@&7PF>UK4^7D_8!E\)
MGM:U/EY/V`9?"9[6M3Y>3]@&7PF>UK4^7D_8!E\)GM:U/EY/V`9?"9[6M3Y>
M3]@&7PF>UK4^7D_8!E\)GM:U/EY/V`9?"9[6M3Y>3]@&7PF>UK4^7D_8!E\)
MGM:U/EY/V`9?"9[6M3Y>3]@&7PF>UK4^7D_8!E\)GM:U/EY/V`9?"9[6M3Y>
M3]@&7PF>UK4^7D_8!E\)GM:U/EY/V`9?"9[6M3Y>3]@&7PF>UK4^7D_8!E\)
MGM:U/EY/V`9?"9[6M3Y>3]@&7PF>UK4^7D_8'PU<)9D9'&M326'Y^3]@3%ET
MA^@VI2*-)<;<?A14,+6WCDJ-)8&98Z<!.``````````````5+[(CZW2,L2ZM
MQ?I4->JI2F\[3R4D7;FHL/\`RDAS"M>G;MJ;:;W+PP71V[:VV6]P^'`M0Y+X
M9>4JN?M-;E`Z4N"MSJ//ADBCOSH+S;F<7&6V2VG"-.3H6M)&1D:M6DL/`)2D
MSVZI3V9S3:VT.D?8+-)J09&9&1Y)F6)&1EH,QN```*S_`"DP=C2-^R&D````
M`````````````````````````````````````````````````````"%N"NIH
MRX#*:=+GR9KJFF68N02C-*%+,S-:DD18)/OC3A72X]5X=+FV_5*<Y,)PV7)"
MF%(4:"(U%V#BC+0?@#,%2^_T<VW%_J&"K<<[3_C-TD.05KT[=M3;3>Y>&"Z.
MW;6VRWN'PX%J')?#+RE5S]IK<H%V\)\*GS)U,1(24B4I!H:97#3(0T9O-9+I
MDI22267D(5K-25&1>$F:PVF6+4I[3"D&A)+(TH8-A+2LM64V39F>22#Q3AB?
MY.LPP92<K)Q+'#'`>2=;/*P<2>3KP/4/1J26&)EIU>^/H5G^4F#L:1OV0T@`
M````````````````````````````````````````````````#RI:$Z%*(O*8
M^I6E7Y*B/R&/HB*W<5(H;L=FI2'&W9!*4TAMAQU2B3AE'@A)F1%E)TGX1\HE
MQTBN.R&:;(<6['2E3J'([C2DDK')/!:2Q(\E6KP"8"M<%6K;=?B4:B-4_+<B
M.RG')IKP(DK0@B(D?MX_N'BC5:X.N5-&K;5,-+L)<IMR$;FC)<0@R,E_M_\`
M0-@5+HXSVCSJ3Z*Z,-7XZ6GY9NZ2'$*E]_HYMN+_`%#!5N.=I_QFZ2'(*UZ=
MNVIMIO<O#!=';MK;9;W#X<"U#DOAEY2JY^TUN4"X;HB/U>ZEPX$>376V'"5(
M:6\N&FGKR4J(FY:,#/$R0HVL%Z<%8IP(6#;\4H5&B1>D&X.;;P..TZ;I(/'3
MV9D1J/'29F6)F9BOJWTCUYL/TY#A55-07TTA3"E2E(Z64DEH5CVN1&1Y.&"E
M=\E:#@*:U$CPJ;3T=3YMOL+@JJ,^/!*.1I(ED;4@L3RBRB;6K*_)Q/*UCQ++
M_A;BY+<C`Z;**WB62L4O'+<S.:QTDO-]+Y.&G)+P8B\TY606/Y6&GRBMGFKS
MZ_HA=/4+IGJ2_DJZ4>R,C/-8D99S'''#3CX=`8LU?ONA;OS)_P!:#-7[[H6[
M\R?]:#-7[[H6[\R?]:#-7[[H6[\R?]:#-7[[H6[\R?\`6@S5^^Z%N_,G_6@S
M5^^Z%N_,G_6@S5^^Z%N_,G_6@S5^^Z%N_,G_`%H,U?ONA;OS)_UH,U?ONA;O
MS)_UH,U?ONA;OS)_UH,U?ONA;OS)_P!:#-7[[H6[\R?]:#-7[[H6[\R?]:#-
M7[[H6[\R?]:#-7[[H6[\R?\`6@S5^^Z%N_,G_6@S5^^Z%N_,G_6@S5^^Z%N_
M,G_6@S5^^Z%N_,G_`%H,U?ONA;OS)_UH,U?ONA;OS)_UH,U?ONA;OS)_UH,U
M?ONA;OS)_P!:#-7[[H6[\R?]:#-7[[H6[\R?]:#-7[[H6[\R?]:#-7[[H6[\
MR?\`6@S5^^Z%N_,G_6@S5^^Z%N_,G_6@S5^^Z%N_,G_6@S5^^Z%N_,G_`%H,
MU?ONA;OS)_UH,U?ONA;OS)_UH,U?ONA;OS)_UH,U?ONA;OS)_P!:#-7[[H6[
M\R?]:#-7[[H6[\R?]:#-7[[H6[\R?]:#-7[[H6[\R?\`6@S5^^Z%N_,G_6@S
M5^^Z%N_,G_6@S5^^Z%N_,G_6@S5^^Z%N_,G_`%H,U?ONA;OS)_UH,U?ONA;O
MS)_UH,U?ONA;OS)_UH,U?ONA;OS)_P!:#-7[[H6[\R?]:#-7[[H6[\R?]:#-
M7[[H6[\R?]:#-7[[H6[\R?\`6@S5^^Z%N_,G_6@S5^^Z%N_,G_6@S5^>Z-N?
M,G_6@S5^>Z%N?,G_`%H,U?ONA;OS)_UH@457A(DU:J4^$=JJ*GN-MK<>;D(R
MS6VES01*5HP5AK&>BU+A`J$RJ0GWK:8?I[K;:S;CON)7EMI<(R,UI/4HBU"7
MS5^^Z%N_,G_6A<11EU6^YC5WPZ/4W&J2PI@D1#R&R-]PCT.*5I/`M)8:B'J!
M29M,O:KQK08HM-8.G0UO-N1%&E2C<?(C(FU)P/`M../>##FK]]T+=^9/^M$4
MVFOHOZE=6I-/=QI<S-=),N-X?C(^.5E+5CWL,,`.)KZ[^JO4633VL*7#SO3K
M+CF/XR1ADY*TX=_''$2N:OWW0MWYD_ZT1,1%;3P@L=6GZ>ZLZ._F^DV5MD19
M]G''*4K'O>`>JNFL*OZG%17H+3_4B1EG,:6XDTY]K425)/'$2F:OWW0MWYD_
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M_P`4C#`E*,RT8=\=+W7<,V@5"FFB)&DPI66TI*I33#I/8IR"3G%$2L2-1&1:
M=1XB=I$TZC3(LXV<UGVR<)!.H<(B/5V2#-)^4C,AN`!@`*S_`"DP=C2-^R&D
M``````````````````````````````````````````!+;J=UU*J5=JEO4:/%
MA33B(*3'=<6HR;;4:C-*R+_/JP[PF+.JDNLV_'GSD,IDJ<>;<)@C)!FAU:,2
M(S,R(\G'2??$X>HQ7E.@2ZY,KDF3<-;8S-3?CMM191-H0A!)P(BR3\)B9L)R
M4<2K1I,V3,Z4JDB.V[)7EKR$F6!&??UAJ"?0^--X<[C>BMC+:_&>[N=1O16@
MUA1/E&G;%C^D.CW2>/U;V7!WDD-85*MQ_HFRYV\C`I/'ZM[+@[R2&L*4WE%A
M[&D;]D?"Y1H.Q9'I#0;@J71QGM'G4GT5T8:OQTM/RS=TD.(5+[_1S;<7^H8*
MMQSM/^,W20Y!6O3MVU-M-[EX8+H[=M;;+>X?#@6H<E\,O*57/VFMR@7/=:I=
M;N6(W#;=@-QY90"J"B0\E3O8/Y)LF9'DY3:"RR41XXE@9:2?*#3$TBDL0$O*
M>-O*4IQ223EJ4HU*/`M!%BH\"+46@2(``"L_RDP=C2-^R&D`````````````
M```````````````````````````(=%?NZMQ#J#5?@1&W)+[:&.I><R$H>6V7
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M%B9AFH)T\Z1%ZE.*<A$C!HU+6M6!&9&1FOLL2/$C)6DC+`Q(@``*S_*3!V-(
MW[(:0``````````````````````````````8EX0````5UW]9B#5EW+32R#,E
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M/*4HU*62S_*Q49GCX3,38``"L_RDP=C2-^R&D```````````````````````
M`(FY:N=$I*IR(BI3F=:9;92LD9:W'$MI[(]!%BHM(A'+IK421"*IVLJ-&DRF
MHIO)GM.9"G%9*3R2+$RQ,.(TJS4HU'I4NJ3#64>*TIUS(3E*P+P%WS$"B](Q
M28K$JB5R(F2^B.AV1"R$$M9X)(SQT8GH#6%R_P";+I]HU*5!D+CR4H22'4$1
MJ1BM*3,L2,L<#/O!<NJ!5*)1)=3BW;77'HRFS2AYQE2%8N)29&1-$>&!GWQ8
MQ#3J\YNETJ=4G4*6W$8<?4E.M1)2:C(O?T!2DW=<,6E/55ZSE%%:CG)695)H
MSR"3E'HPUX!TC/%(CM/I(R)Q!+(C[V)8C*8K.FF?X%%%B>'4%_O_`.DL6#2>
MY<+X!'U2&P]^:7^R?T!1L7B#;^RV=V0WN#SB';6S8^[2&,PG\'_%R/SR7Z6Z
M,_!OQ38YU+])=#2>HPH6GW1N?;:]PP,W!OQ38YU+])=#2>HPF6?KN+;4K^@;
M%B?I%MN5]*0UA/H?&F\.=QO16QEM?C/=W.HWHK0:PHGRC3MBQ_2'1[I/'ZM[
M+@[R2&L*E6X_T39<[>1@4GC]6]EP=Y)#6%*;RBP]C2-^R/A<HT'8LCTAH-P5
M+HXSVCSJ3Z*Z,-7XZ6GY9NZ2'$*E]_HYMN+_`%#!5N.=I_QFZ2'(*UZ=NVIM
MIO<O#!=';MK;9;W#X<"U#DOAEY2JY^TUN4"][KF29\]I+"*X[2XRGF)*:.LD
M/%((D&G*TDHT9*C_`"3_`"L,=&`9;3*IIMZ$57SG3I)/+SJDFYAE'DY9H[$U
MY.3E8:,<<!(]-Q>F^D^F6NF<G+S.667D^')UX>^/!5"";#T@ID?,L*-+KF=3
MDMF6LE'C@1E[X]+F1$9C+E,IZ8,DLXK(LX9EB1)\.CP#8"L_RDP=C2-^R&D`
M``````````````````-"KU>F46*4NJSF(<<UDV3CR\DC4>HB]_08TJ3==N5B
M9TE3*S#E2<@UYIIS%1I+#$\/`6)?&)P+-XR)Z7:%`@5!Z`<^>;+K[*$*62"8
M=7@66E1:307>U",<16:37K>2NYJC.8FS%L/,26HY)-)1W5D>*&TF1Y2"[X>0
MK\(/<%C:<#TMH:]Z]JTG;<#?D'`M1!6X2^(5?YFL8+V(NEZ5H_\`K<'?D'`M
M1!4X3>)%4\C>]0-?A'XH57RM[Y`<R$%?'$NX=FR=TH15P<GM4V*[Z.89Z3W+
MA?`(^J0VS%94WD55L%_=+%A4GN7"^`1]4AL/?FE_LG]`4;%X@V_LMG=D-[@\
MXAVULV/NTAC,)_!_Q<C\\E^ENC/P;\4V.=2_270TGJ,*%I]T;GVVO<,#-P;\
M4V.=2_270TGJ,)EGZ[BVU*_H&Q8GZ1;;E?2D-83Z'QIO#G<;T5L9;7XSW=SJ
M-Z*T&L*)\HT[8L?TAT>Z3Q^K>RX.\DAK"I5N/]$V7.WD8%)X_5O9<'>20UA2
MF\HL/8TC?LCX7*-!V+(](:#<%2Z.,]H\ZD^BNC#5^.EI^6;NDAQ"I??Z.;;B
M_P!0P5;CG:?\9NDAR"M>G;MJ;:;W+PP71V[:VV6]P^'`M0Y+X9>4JN?M-;E`
MZ&EVQ9K=1D2*U!I,F;47UOI5-8;-Q62@L4I-18F24HQ]X@Q4E%.;ID9-(3&3
M3\V1QRC89K(/263DZ,/(*YN&&<FZ6^I%/E,55,UU;N5'5BZ9Q5-HD%(TDEM)
M&DLC$L3+#`C$-$A(_P"&2&:1*:H\%JF(J;)Q%IQ=;SV6:D88N&A2FC498]X]
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MO+QL@>9_OA\53;Q26*KMIY%[](^^'Q-.N]1X)NZG&?O4C[X>NI=Y>-D#S/\`
M?"%KL.X8U6M5=4KD6;'ZL((FVH&8/*S+V!Y6<5\6`V+E:J4B[[:139[<.1TO
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M)9V96";425F2"2HRQ))YY&!X=_R#<ZEWD9F977`+3[D??"'O"FW:BTJZM^YX
M+K14^0:T)I62:DYM6)$>=/#RX"0N##\'U4T:.HKOHYCY3*9>!TZ(:+J@)3F4
M8$=(QP[$O]8;74N\L2_\5P/-'WP6J7B7`G@H\3*@/8F6C$\TL3=,IEX'3HAH
MNJ`E.91@1TC'#L2_UAG=I=Y9I>-UP,,D_P#Z1[WPPPV+Q!M_'W+8W9"*L:G7
M8Y9E`7&N:$RPJGL&VVJE99H3D%@1JSI8X%W\"$[U+O+1_P"*X&OW(^^&IP<)
M<3:L)+SA..E)E$M:4Y)*5TT[B9%IPQ/O"*LB!<[UOI<@7##BQ3ER\AERFYU2
M2Z9=UJSA8_$08#I=Y8<:X'F?[X:-B-RFGKB;G2429*:TO+=0UFTJ/,LZDXGA
MHP[YB-LB!<[UOI<@7##BQ3ER\AERFYU22Z9=UJSA8_$08#I=Y8'_`.*X'F?[
MX1UAHDMQ:ZW+?0_(3691..H;S:5GV&DDXGA\9C3MJ%<4B7<;E,KL2%'ZLR2)
MIVGYY6/8XGE9Q/T"=ZEWEXV0/,_WPCK0:G,UV[6ZC,;ER2F1\IYMG-)472R,
M.QRE8?&->GQ*[)NVZU4FLQH+12(Q+0[!SYJ5TJWIQRTX:,-&`F>I=Y>-D#S/
M]\(ND1ZI'OZHHJM19G/'2(YI<:C9@DIS[NC#*5CY<1Y<BUF3?U5ZD5:/`R:7
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M)3J7>7C9`\S_`'P@KEA7%'EVXNIUV+-C]68Q9IJGYE6/98'E9Q7T#9NIF>_<
M]J-TV:U$DFJ89.NL9Y)%FDXEDY2?I$IU+O+QL@>9_OA"UV%<$>K6JNJ5R+-C
M]6$$334#,&2LR]@>5G%?%@-J]VY3JK:;@R41I*JPWD.N-9Q*3S+VM.)8Z,>^
M0D.I=Y8<:X'F?[X<T<*K4YF_JNW/F-2I)*;RWFV,TE7XI&&"<H\-&!:^\.@;
MO77%U^&J@QR:JS;;R&\IUI1/1_Q9J5D+P_SF1:#(RPTXD9!FM*`[3;>A0WVE
MMOI2I3J5J2H\M2C4K2@B3K,SP(L"U$)G`&`,`!6D<I$'8TC?LC5X.>*%*\KF
M^6-C@RXD4OR.;U8:PMS;VMB%-?A2*JVF0PO-N(2VM62K`CP,R298Z2$W3YL6
MI06)\%]+\60@G&G$ZEI/49#9``````````$%6;F@4F>U3W6)\F6XT;Q-0X;C
MYI02LG*/)(\-.@%&N:!5J@[3FH]0C2FV2>-N9#<8,T&K)Q+*(L=(G0DWI!A5
M*Z+6AU&(Q+BJ.6HV7T$M!F3.@\#T8EB-9JB4:CWY;ZJ32H4$W8DXG#C,I;RR
M+,88X%IPQ,/X5KT[=M3;3>Y>&&?QYMKFD_\`L!O"M=W=BT=JK]%?&*X.[MH;
M4<]$?#<%?A![@L;3@>EM#7O7M6D[;@;\@X%J(*W"7Q"K_,UC#>_:]*VW!WY!
MO+405.$WB15/(WO4#7X1^*%5\K>^0',A!7QQ+N'9LG=*$5<')[5-BN^CF&>D
M]RX7P"/JD-LQ65-Y%5;!?W2Q85)[EPO@$?5(;#WYI?[)_0%&Q>(-O[+9W9#>
MX/.(=M;-C[M(8S"?P?\`%R/SR7Z6Z,_!OQ38YU+])=#2>HPH6GW1N?;:]PP,
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M*$6M3T-N,K2E*D_B8QQTHP6K%!-F9FG)_)P,\<4GB)X``!6D<I$'8TC?LC5X
M.>*%*\KF^6-C@RXD4OR.;U8:SU&$^RS/.U\L3PZN2>_^P,_!IQ"H',T!I'DW
M&R/`UI(_?,?4F2BQ29&7A(?0``%BJU^K,UYZD4FB,S5,16I#KCTXF"(EJ6DB
M(LA6/YL_C(;=L5F36&9Y3("84F%+5%=:0_GDXDE*L25DEWEEWA.!<J5THAU9
M^E1Z+5JB^PTVZZ<-IM24$O*R2,U+3I[`QL4&X6JQ*FPSIT^!)ADVIQJ8A*3-
M*\K),LE2B_RF)L*#_*0>Q?\`<$!CE(+8O^X,-X4KDXY6I_&[DAYJ''JVN:S_
M`.P&\*UZ=NVIMIO<O##/X\VUS2?_`&`WA6N[NQ:.U5^BOC%<'=VT-J.>B/AN
M"OP@]P6-IP/2VAKWKVK2=MP-^0<"U$%;A+XA5_F:QAO?M>E;;@[\@WEJ(*G"
M;Q(JGD;WJ!K\(_%"J^5O?(#F0@KXXEW#LV3NE"*N#D]JFQ7?1S#/2>Y<+X!'
MU2&V8K*F\BJM@O[I8L*D]RX7P"/JD-A[\TO]D_H"C8O$&W]EL[LAO<'G$.VM
MFQ]VD,9A/X/^+D?GDOTMT9^#?BFQSJ7Z2Z&D]1A0M/NC<^VU[A@9N#?BFQSJ
M7Z2Z&D]1A,L_7<6VI7]`V+$_2+;<KZ4AK"?0^--X<[C>BMC+:_&>[N=1O16@
MUA1/E&G;%C^D.CW2>/U;V7!WDD-85*MQ_HFRYV\C`I/'ZM[+@[R2&L*4WE%A
M[&D;]D?"Y1H.Q9'I#0;@J71QGM'G4GT5T8:OQTM/RS=TD.(5+[_1S;<7^H8*
MMQSM/^,W20Y!6O3MVU-M-[EX8+H[=M;;+>X?#@6H<E\,O*57/VFMR@7!PC-5
MY<Y4F;282:+%,E,U)B8\AYI.*5&3A-J2K#*21X%E%BE)X8D':QUQ'+3I;L%4
M=<=QDEH7'-PT+Q,S-1&YV9XF9F9JTF9GB)X``!6D<I$'8TC?LC5X.>*%*\KF
M^6-C@RXD4OR.;U8:SU&$ZR_SM?VY)_H&QP:<0J!S-`:3U"M[=MNWJH59F5*A
MTZ9)56)R5//QDK69$\9$6)ECH+0)O@ZCL1*54HL5E#,=FKSD-M-I)*4))]6!
M$1:B#:*_8HT&MW%<[M2.8ZJ/.;9:)$Y]I*$=+,JP)*%D6M2CU=\25BL(ARKF
M@,K?.-&J:4-)=?6Z:$G&949$I9F>&*C/7WPW!2:Y0*ULJ%O9(]V7V[=>VG-R
MR&H*$#CU<G-8']\>Z%QZN7FD#Z'@V!0?Y2#V+_N"`QRD%L7_`'!AO"E<G'*U
M/XW<D/-0X]6US6?_`&`WA6O3MVU-M-[EX89_'FVN:3_[`;PK7=W8M':J_17Q
MBN#N[:&U'/1'PW!7X0>X+&TX'I;0U[U[5I.VX&_(.!:B"MPE\0J_S-8PWOVO
M2MMP=^0;RU$%3A-XD53R-[U`U^$?BA5?*WOD!S(05\<2[AV;)W2A%7!R>U38
MKOHYAGI/<N%\`CZI#;,5E3>156P7]TL6%2>Y<+X!'U2&P]^:7^R?T!1L7B#;
M^RV=V0WN#SB';6S8^[2&,PG\'_%R/SR7Z6Z,_!OQ38YU+])=#2>HPH6GW1N?
M;:]PP,W!OQ38YU+])=#2>HPF6?KN+;4K^@;%B?I%MN5]*0UA/H?&F\.=QO16
MQEM?C/=W.HWHK0:PHGRC3MBQ_2'1[I/'ZM[+@[R2&L*E6X_T39<[>1@4GC]6
M]EP=Y)#6%*;RBP]C2-^R/A<HT'8LCTAH-P5+HXSVCSJ3Z*Z,-7XZ6GY9NZ2'
M$*E]_HYMN+_4,%6XYVG_`!FZ2'(*UZ=NVIMIO<O#!=';MK;9;W#X<"U#DOAE
MY2JY^TUN4"[[KMBUFJX5?KUU2H$E]?\`ATRIC.:;-*2Q)I#J%$GPGAITAVH:
MX[E)BKBU)528-!&B6IQ*S>+];*21$?[B&^```K2.4B#L:1OV1J\'/%"E>5S?
M+&QP9<2*7Y'-ZL-9ZC"=9?YVO[<D_P!`V.#3B%0.9H#2>H)UF=IU?;4_?&-B
MP^TJOMF?OU!I"C;_`'=N_:C?HC`RVCW8N[:J/1&`TA2:Y0*ULJ%O9(]V7V[=
M>VG-RR&H*,#CU<O-8']\>J%QZN7FD#Z'@V!0?Y2#V+_N"`QRD%L7_<&&\*5R
M<<K4_C=R0\U#CU;7-9_]@-X5KT[=M3;3>Y>&&?QYMKFD_P#L!O"M=W=BT=JK
M]%?&*X.[MH;4<]$?#<%?A![@L;3@>EM#7O7M6D[;@;\@X%J(*W"7Q"K_`#-8
MPWOVO2MMP=^0;RU$%3A-XD53R-[U`U^$?BA5?*WOD!S(05\<2[AV;)W2A%7!
MR>U38KOHYAGI/<N%\`CZI#;,5E3>156P7]TL6%2>Y<+X!'U2&P]^:7^R?T!1
ML7B#;^RV=V0WN#SB';6S8^[2&,PG\'_%R/SR7Z6Z,_!OQ38YU+])=#2>HPH6
MGW1N?;:]PP,W!OQ38YU+])=#2>HPF6?KN+;4K^@;%B?I%MN5]*0UA/H?&F\.
M=QO16QEM?C/=W.HWHK0:PHGRC3MBQ_2'1[I/'ZM[+@[R2&L*E6X_T39<[>1@
M4GC]6]EP=Y)#6%*;RBP]C2-^R/A<HT'8LCTAH-P5+HXSVCSJ3Z*Z,-7XZ6GY
M9NZ2'$*E]_HYMN+_`%#!5N.=I_QFZ2'(*UZ=NVIMIO<O#!=';MK;9;W#X<"U
M#DOAEY2JY^TUN4"^+Y1455^F';YR%5<HKV4VVVR:38RD8FI3IX%V63@2=)XZ
M=!!DM.:NH6_"DNN.K=-*D.FZTEM9+2HTJ(TI,TD9*(RT&9:-`].W%1&JRFB.
M5)A-25A@P:NRQ,LHB\&49%B1:S+3@-9B[K>?@NSVZBDXC9(,W3;62599X)R3
M-/9&9Z")..(S/7-0&407'*K&)$XL8ZLO$EEB18^\6)D6)X%B9%K$R%:1RD0=
MC2-^R-7@YXH4KRN;Y8V.#+B12_(YO5AJ,RP/2$^R_P`[7]N2?Z!L<&A_^`J!
MS-`:#,L-83[,[3J^VI^^,;%A]I5?;,_?J#3B7A"C;_=V[]J-^B,#+:/=B[MJ
MH]$8#3B7A"DUR@5K94+>R1[LOMVZ]M.;ED-6)>$*$#CU<O-8']\>Z%QZN7FD
M#Z'@V8EX0GO\I![%_P!P0^L<I!;%_P!P8;\2\(4;DXY6I_&[DA\J''JVN:S_
M`.P&_$O"%6].W;4VTWN7ABG\>;:YI/\`[`;\2\(5KN[L6CM5?HKXQ7!W=M#:
MCGHCX;L2\(5^$'N"QM.G^EM#7O7M6D[;@;\@WD98%I"OPEF76%7^9K&&]^UZ
M5MN#OR#<1E@6D*O":?\`X(JGD;WJ!K\(_%"J^5O?(#D1EX1!WP9=9=P[-D[I
M0BK@Y/:IL5WT<PS4DRZEPM/_`)"/JD-LS+PBLZ;R*JV"_NEBP:29=2X6G_R$
M?5(;+QEFEZ?\I_0%&Q>(-O[+9W9#>X/#+K#MK9L?=I#$9EX0H<'_`!;C\\E^
MENC-P;\4V.=2_270TF98'I"C:?=&Y]MKW#`R\&_%-CG4OTET-)F6!Z0FV?KN
M+;4K^@;%B_I%MN5]*0UXEX0GT/C3>'.XWHK8RVOQGN[G4;T5H->)>$*)\HT[
M8L?TAT>Z3Q^K>RX.\DAKQ+PA4JW'^B;+G;R,"D\?JWLN#O)(:\2\(4IO*+#V
M-(W[(^?_`-C0=BR/2&@W8EX0J71QGM'G4GT5T8:OQTM/RS=TD..)>$*E]?H[
MMN+_`%#!5N.=I_QFZ2'+$O"%6].W;4VTWN7AANCMVUMLM[A\-Y&6&L<F<,O*
M57/VFMR@6KPAU)B75UP)3L=*X3RLVX;D5"T)4A&*2,YC3A=_'$BQQ+1H(SL.
MS":*U:63"&$M$P1)2PEM*"+WB;6M/Q*5Y0LU"FU*=7IC;]#DMTU$K/QTQC90
MB4^39$3[SF4:RP,B(DDG1D$9Y6HHB'1:VP5,>C4RK%2J4N(X=/GR4OO&XA*T
M+-H\HRP2E23UD2C3V)%W\+UNU]%.GI*BK<=K-/E14(2XC_!K=E/.ISAXX$1)
M>(S-..E!EX!;J4F2"3B>.&&(K=ZW917_``V.NJNFHZ4^O.FXSED1/M=C^:PP
MTXZN\0E>#1)HLRCH-:EFDEIRE:U8/+TG[XB;"MZ3,M2#)1=%<BI6;IDS'<9)
M"/QJ]!8MF>'E,PQ':LO`_P#QE<?RK'JAH<'["HS-:CKDO25-UJ21O/&1K7^1
MI/`B+'R$0C;!MV5*LRBR$W378Z7(R5$RRXR2$8XZ"Q;,\/*9AAZU9?CE<?RK
M'JAHV"RJ/2:BPI]U]3=7G)-UXR-:_P`<>E6!$6/D(AHVO0I$\JS(;N.LPDJK
M,XLS%<:)!8/*+1E-F>G7K$[UJR_'*X_E6/5"/LV*N%4;KC.3),Q2*HC%^2:3
M<5C%8/3DD1>]J&K2:*_4K@NQYJOU:GDFI(3FH:VR0?\`A6-)Y2%'CI\/>$UU
MJR_'*X_E6/5"+H<!RG7O7&':G-GJ5382L[+4@UE^,D%@62E)8:/!WQ@H5$?J
M-6NI]JX*M`2586G-1%MDC\RSI[)"CQ_>)OK5E^.5Q_*L>J$7;4%RGW?<L=RH
MS)RNEX*L]+4DUZG]'8I26&CP=\8VZ2]4[[KYM5JI4[-PX)&4-;:27B3VO*0K
M5[V`F.M67XY7'\JQZH0].ISM-X0W6W:K/J!KHQ&2YBD&I/\`B-19*4Z/*"HT
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M<ELC[^.L;_"`RJ12Z>PE]UA3E8@I)UHR):/QQ:4XD98^4C&Z5JR\..5Q_*L>
MJ"]?UN28MFUF0NZ:[(2W&4HV7G&30O##0>#9'AY#(2O""RJ138#"7W6%.5F$
MDG6C(EH_'EI+$C+'RD8W"M67AQRN/Y5CU07;^MZ3$M2?(7=%<E)0;1FR^XR:
M%_C4:#P;(\/(9"6X2TFNS*P@EJ0:B064G6G%Y&DO?&[UK2S,SZ\KBU^RL>J$
M->%LRF;2KKJKMK[I(I\A1MN.LFE6#:M!X-$>!B0N`_\`^/JH>'_T5W1_#F/E
M,M>6JG1%%>%PIQ91H2ZQ@78E_I#:ZUI9?IE<?RK'J@M4LLG@3P,S5A0'BQ/6
M?XI>L3=,M>6JG1%%>%PIQ91H2ZQ@78E_I#.[:TLFEGUXW$?8G_YK'@^"&&Q>
M(-O[+9W9"*L:VY4BS*`^FZZ\PERGL*)IIUDD(Q06@L6C/`O?,Q/=:TLL#Z\K
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MS\DTFXK&,C7DD1:/(->GT=^I7;=;C5=JE/),B,DT0UMI2K_"MGB>4A1XZ?\`
MH)KK5E^.5Q_*L>J$52*>Y3;^J++M4G5`U4B.HG)BD&I/X]W062E)8?N'QRE/
M5._JKFJS4:=FZ7#QZ26A.7BY(_*RD*U8=[#68ENM67XY7'\JQZH1**4]3+^I
M6=K-1J.<I<S#IQ:%9&#D?\G)0G7CW\=1`<I3U3OZJYJLU&G9NEP\>DEH3EXN
M2/RLI"M6'>PUF);K5E^.5Q_*L>J$1$ICM-X06$NU>H5#+H[YDJ8I!FC!]G5D
MI3KQ[^.H>JO3W:E?U.9:JDZGFFD2%&Y#4@E*_'M:#RDJ+#]PE>M67XY7'\JQ
MZH0M0H[]-NVU7':[5*@2I$E)(F+;4E/^%</$LE"3QT?]1ENN&N?=%JQFY\J$
MHU3#ST4TDLL&DZ.R2HL/W"5ZU9?CE<?RK'JA`W+0Y%/EVY(<N&KSD]68Q9F6
MMHT:<K3V+:3Q_>-FZH:Y]SVI&;GRH2C5,//1322RP:3H[)*BP_<)7K5E^.5Q
M_*L>J$)7:(_3JM:K[MP5:>DZPA.:EK;-'YE[3V*$GC^\;=[QU2U6W&1*?BJ7
M6&R)Y@TDM'XEX]&41EWL-)=\;_6K+PXY7'\JQZH<T\*D1<._JO&7.E2U(4WB
M](-)K5BT@].2DB[^&KO"Z+T56F:S+4[0YK=-)><14F:D9(,LA)&2T-L.*0DL
MD]98:3/'3H?[2<0[;=.<;D-2$*9(R=:D],)67A)S)3E>7)+R"8```5I'*1!V
M-(W[(U>#GBA2O*YOEC8X,N)%+\CF]6&L]1A.LO\`.U_;DG^@;'!IQ"H',T!I
M/4$ZS.TZOMJ?OC&Q8?:57VS/WZ@TA1M_N[=^U&_1&!EM'NQ=VU4>B,!I"DUR
M@5K94+>R1[LOMVZ]M.;ED-048''JY>:P/[X]4+CU<O-('T/!L"@_RD'L7_<$
M!CE(+8O^X,-X4KDXY6I_&[DAYJ''JVN:S_[`;PK7IV[:FVF]R\,,_CS;7-)_
M]@-X5KN[L6CM5?HKXQ7!W=M#:CGHCX;@K\(/<%C:<#TMH:]Z]JTG;<#?D'`M
M1!6X2^(5?YFL8;W[7I6VX._(-Y:B"IPF\2*IY&]Z@:_"/Q0JOE;WR`YD(*^.
M)=P[-D[I0BK@Y/:IL5WT<PSTGN7"^`1]4AMF*RIO(JK8+^Z6+"I/<N%\`CZI
M#8>_-+_9/Z`HV+Q!M_9;.[(;W!YQ#MK9L?=I#&83^#_BY'YY+]+=&?@WXIL<
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M2:<>_B9&>D-]+B+@T^/$<D&^II!)-TVTMY7OY*"))>0B&V```K2.4B#L:1OV
M1J\'/%"E>5S?+&QP9<2*7Y'-ZL-9ZC"=9?YVO[<D_P!`V.#3B%0.9H#2>H)U
MF=IU?;4_?&-BP^TJOMF?OU!I"C;_`'=N_:C?HC`RVCW8N[:J/1&`TA2:Y0*U
MLJ%O9(]V7V[=>VG-RR&H*,#CU<O-8']\>J%QZN7FD#Z'@V!0?Y2#V+_N"`QR
MD%L7_<&&\*5R<<K4_C=R0\U#CU;7-9_]@-X5KT[=M3;3>Y>&&?QYMKFD_P#L
M!O"M=W=BT=JK]%?&*X.[MH;4<]$?#<%?A![@L;3@>EM#7O7M6D[;@;\@X%J(
M*W"7Q"K_`#-8PWOVO2MMP=^0;RU$%3A-XD53R-[U`U^$?BA5?*WOD!S(05\<
M2[AV;)W2A%7!R>U38KOHYAGI/<N%\`CZI#;,5E3>156P7]TL6%2>Y<+X!'U2
M&P]^:7^R?T!1L7B#;^RV=V0WN#SB';6S8^[2&,PG\'_%R/SR7Z6Z,_!OQ38Y
MU+])=#2>HPH6GW1N?;:]PP,W!OQ38YU+])=#2>HPF6?KN+;4K^@;%B?I%MN5
M]*0UA/H?&F\.=QO16QEM?C/=W.HWHK0:PHGRC3MBQ_2'1[I/'ZM[+@[R2&L*
ME6X_T39<[>1@4GC]6]EP=Y)#6%*;RBP]C2-^R/A<HT'8LCTAH-P5+HXSVCSJ
M3Z*Z,-7XZ6GY9NZ2'$*E]_HYMN+_`%#!5N.=I_QFZ2'(*UZ=NVIMIO<O#!='
M;MK;9;W#X<"U#DOAEY2JY^TUN4#K0````%:1RD0=C2-^R-7@YXH4KRN;Y8V.
M#+B12_(YO5AK/483K+_.U_;DG^@;'!IQ"H',T!I/4$ZS.TZOMJ?OC&Q8?:57
MVS/WZ@TA1M_N[=^U&_1&!EM'NQ=VU4>B,!I"DUR@5K94+>R1[LOMVZ]M.;ED
M-048''JY>:P/[X]4+CU<O-('T/!L"@_RD'L7_<$!CE(+8O\`N##>%*Y..5J?
MQNY(>:AQZMKFL_\`L!O"M>G;MJ;:;W+PPS^/-M<TG_V`WA6N[NQ:.U5^BOC%
M<'=VT-J.>B/AN"OP@]P6-IP/2VAKWKVK2=MP-^0<"U$%;A+XA5_F:QAO?M>E
M;;@[\@WEJ(*G";Q(JGD;WJ!K\(_%"J^5O?(#F0@KXXEW#LV3NE"*N#D]JFQ7
M?1S#/2>Y<+X!'U2&V8K*F\BJM@O[I8L*D]RX7P"/JD-A[\TO]D_H"C8O$&W]
MEL[LAO<'G$.VMFQ]VD,9A/X/^+D?GDOTMT9^#?BFQSJ7Z2Z&D]1A0M/NC<^V
MU[A@9N#?BFQSJ7Z2Z&D]1A,L_7<6VI7]`V+$_2+;<KZ4AK"?0^--X<[C>BMC
M+:_&>[N=1O16@UA1/E&G;%C^D.CW2>/U;V7!WDD-85*MQ_HFRYV\C`I/'ZM[
M+@[R2&L*4WE%A[&D;]D?"Y1H.Q9'I#0;@J71QGM'G4GT5T8:OQTM/RS=TD.(
M5+[_`$<VW%_J&"K<<[3_`(S=)#D%:].W;4VTWN7A@NCMVUMLM[A\.!:AR7PR
M\I5<_::W*!UH````"M(Y2(.QI&_9&KP<\4*5Y7-\L;'!EQ(I?D<WJPUGJ,)U
ME_G:_MR3_0-C@TXA4#F:`TGJ"=9G:=7VU/WQC8L/M*K[9G[]0:0HV_W=N_:C
M?HC`RVCW8N[:J/1&`TA2:Y0*ULJ%O9(]V7V[=>VG-RR&H*,#CU<O-8']\>J%
MQZN7FD#Z'@V!0?Y2#V+_`+@@,<I!;%_W!AO"E<G'*U/XW<D/-0X]6US6?_8#
M>%:].W;4VTWN7AAG\>;:YI/_`+`;PK7=W8M':J_17QBN#N[:&U'/1'PW!7X0
M>X+&TX'I;0U[U[5I.VX&_(.!:B"MPE\0J_S-8PWOVO2MMP=^0;RU$%3A-XD5
M3R-[U`U^$?BA5?*WOD!S(05\<2[AV;)W2A%7!R>U38KOHYAGI/<N%\`CZI#;
M,5E3>156P7]TL6%2>Y<+X!'U2&P]^:7^R?T!1L7B#;^RV=V0WN#SB';6S8^[
M2&,PG\'_`!<C\\E^ENC/P;\4V.=2_270TGJ,*%I]T;GVVO<,#-P;\4V.=2_2
M70TGJ,)EGZ[BVU*_H&Q8GZ1;;E?2D-83Z'QIO#G<;T5L9;7XSW=SJ-Z*T&L*
M)\HT[8L?TAT>Z3Q^K>RX.\DAK"I5N/\`1-ESMY&!2>/U;V7!WDD-84IO*+#V
M-(W[(^%RC0=BR/2&@W!4NCC/:/.I/HKHPU?CI:?EF[I(<0J7W^CFVXO]0P5;
MCG:?\9NDAR"M>G;MJ;:;W+P7>%BO,VO1Z-7WXZWVH56:6II!D2E$;3J=!GY1
MK<'/##3;YKZJ)$H\J(XF.M_..N)46"326&!?M"G^&7E*KG[36Y0.M`!=D7?2
M(]853'3D%D.ICN2\R?2[;QI)1-J<U$K`R][218XG@-=J^**[#5)0F9E&;688
M5'-+LDG3,FE-I/\`*)62K`]&&2>.&`]/7O0FFHSN<D+0\VIYS)94?2S:5Y"E
MNE_D(EXI/OXD?>(S)H"M(Y2(.QI&_9&KP<\4*5Y7-\L;'!EQ(I?D<WJPU&>@
MPGV7^=K^W)/]`V.#3B%0.9H#09Z`GV9VG5]M3]\8V+#[2J^V9^_4&G$*-O\`
M=V[]J-^B,#+:/=B[MJH]$8#3B%)KE`K6RH6]DCW9?;MU[:<W+(:L0H0./5R\
MU@?WQ[H7'JY>:0/H>#9B$]_E(/8O^X(?6.4@MB_[@PWXA1N3CE:G\;N2'RH<
M>K:YK/\`[`;\0JWIV[:FVF]R\,4_CS;7-)_]@-^(5KN[L6CM5?HCXQ7!W=M#
M:CGHCX;L0K\(/<%C:=/]+:&O>O:M)VW`WY!O(]`5^$OB%7^9K&&]^UZ5MN#O
MR#<1Z`J\)O$BJ>1O>H&OPC\4*KY6]\@.1&(.^.)=P[-D[I0BK@Y/:IL5WT<P
MS4D_^%PO@$?5(;9BLZ;R*JV"_NEBP:2?_"X7P"/JD-EX_P`4O]D_H"C8O$&W
M]EL[LAO<'G$.VMFQ]VD,1F%#@_XMQ^>2_2W1FX-^*;'.I?I+H:3/084;3[HW
M/MM>X8&7@WXIL<ZE^DNAI,]!A-L_7<6VI7]`V+%_2+;<KZ4AKQ"?0^--X<[C
M>BMC+:_&>[N=1O16@UXA1/E&G;%C^D.CW2>/U;V7!WDD->(5*MQ_HFRYV\C`
MI/'ZM[+@[R2&O$*4WE%A[&D;]D?/_P"QH.Q9'I#0;L0J71QGM'G4GT5T8:OQ
MTM/RS=TD..(5+Z_1W;<7^H(W#9=4RS.MJOP([$A]M^0T3;^.29*:(CU&1CWP
M+\*-7OZJ5.)4J?"C(BL)=0<?+Q,S5AIRC,.]Z=NVIMIO<O"O>B6Y-V]HL_5<
M%5]#!RD.[.>^L@;G#+RE5S]IK<H'6@`BU.WJU5JU,54F8SU.4I289(EJ2F,1
MMY)O&UF\''<349&I6!%AA@>)G',VM<9O0:F\S!*92FX;+$=#YFF2EDG26HU&
MGL,HG>Q+`\,G3KT8GK-N%,"6RUTBMVKPGXDS%U1)BF[(=>RD=CV9$3RDX:,3
M27>,\+.2DB02-.!%@*W>M"A)O^'%)N;FE4I]P_\`B,C'*)]HBTYS'#2>C'`2
MO!HA+=F4=M&.2@EI+$S,\">61:3UB)L&TJ)4+4@3)34PWG3=4HT5"0VG'.KU
M)2LB+]Q!B.Q;<P/\3/\`.<KU@T.#^*S"9K42.2R9:K<E*<MQ2U8=AK4HS,_W
MF(VP;/H4VS*-+D-33==C)6HT5"0@L3QU)2LB+R$08CL6W/89_G.5ZP:%@QVH
ME)J45@E$TU5YR$$M9K/`GCUJ49F?E,QHVO:U'JA5J9,;EJ>569Q&;<Y]I.AY
M1%V*%D7>\`G>L6W/89_G.5ZP1]FP8U-J-UPHA.$PW5$9)..J<5IBL&>*E&9G
MK[YC5I%MTFL7#=DF>W)4ZFI(01M3'F2P**P>I"R+OGIUB:ZQ;<]AG^<Y7K!%
MT.E0J/>]<C04O):5382S)U]QX\<Y(+6M1GWBT:A@H5M4FKU:ZI4YN4ITJPM&
M+4UYHL"99_RH61?OP$WUBVY[#/\`.<KU@B[:ID2DWA<L2$EU+72\%>#KZW3Q
M,G_\RS,^\6C$8VZ#3:U?=?.H(D*-J'!)&:E.LZR>UY"BQ_>)CK%MSV&?YSE>
ML$/3J/!HW"&ZS`2^E#E&)2L[(<>/$I'>-:C,OW`J-'@UGA#:9GI?4ANC&I.:
MD.,GB<COFA1&?[Q,=8MN>PS_`#G*]8(270*91KVME<!$A*G$S$JSLMUXL,T1
MZ"6H\/W#/<M,B5:\+:B34NJ:Z7G+P:?6T>)$Q_F09'WST8B4ZQ;<]AG^<Y7K
M!"5VVJ32*M:LJ"W*2Z=80@S=FO.E@;+W^5:S+]^`SW)3(E6N^VHDU+JFNEYR
M\&GUM'B1,?YD&1]\]&(E.L6W/89_G.5ZP0U6MNDT>X+3DP&Y*755):#-V8\\
M6!Q7SU+69=XM.L;-Y08U2J-J0I9.&PY5%Y1-NJ;5HBOF6"DF1EJ[QB0ZQ;<]
MAG^<Y7K!!7?:E%IE-B38C<LGVZG`R3<GON)TRFRTI4LR/7WR&_?\=J72Z?%?
M)1M.UB"A9(6:#P-XM2DF1EY2,;Q6+;F'YF?YSE>L"[?UGT*%9E:EQVII.M1E
M+0:ZA(66)888I4X9'Y#(2O"#':ETV!%?)1M.UF$A9(6:#P-\M2DF1EY2,;I6
M+;F'YF?YSE>L"Y?UHT2GVI/F1FYA/-&TI)KJ$A:<<ZC6E2S(_P!Y"6X2T)<L
MRL-KQR5DA)X'@>!O((]):AN]8UNF9F;,_$S]U)7K!#7A9=`CVE77VFIQ.-T^
M0I)JJ4E18DVHRQ(W,#\AB0N`_P#^/JH??ZBN^CF/E,LBWETZ(M3,_$V4&?\`
MQ.27^4O]0;76-;A8&3,_SG*]8%JED2.!/)3J30'B+'3J:6)NF61;RZ=$6IF?
MB;*#/_B<DO\`*7^H,[MC6Z32S)F?^2?_`-3E>#X08;%T6#;^RV-V0BK&LV@R
MK,H$EYJ:;KM/86LTU&0DL301G@1.$1>0M`GNL:W"P,F9_G25ZP:?!PTABU8;
M#9&3;<F4A.*C4>!2G2+2>D_*8B[(M.B5&WTS9;<PWW9<LU&B>^VGMETM"4K(
MB_<0GSL6W,/S,_SG*]8-&Q(;$!ZXH<8EDRU6EDDEN*<5^99/2I1F9Z^^8CK(
MM.B5&WTS9;<PWW9<LU&B>^VGMETM"4K(B_<0GSL6W,#_`!,_SG*]8(ZPXS,*
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M(:HC275*=J\A1*(U88:'`U7+;-(I,NW)<)N4ETJS&3^-FO.IP/*_RK69?]!7
M_13\7+?YXYNR"AT,]&@5FN5MJ>E]2&XJ%)S4EQD\<OOFA18_O%Y5VVJ32*M:
MLJ"W*2Z=80@S=FO.E@;+W^5:S+]^`5NB6Y-V]HL_5<%/=#K3(=6OYV+-2ZIK
MI!U6#3ZVCQ)2/\R#(^_JQ&[PJT^+3K^J\.*3A,MJ;R2<>6XK2T@SQ4HS,])]
M\QV`````"M(Y2(.QI&_9&KP<\4*5Y7-\L;'!EQ(I?D<WJPUGJ,)UE_G:_MR3
M_0-C@TXA4#F:`TGJ"=9G:=7VU/WQC8L/M*K[9G[]0:0HV_W=N_:C?HC`RVCW
M8N[:J/1&`TA2:Y0*ULJ%O9(]V7V[=>VG-RR&H*,#CU<O-8']\>J%QZN7FD#Z
M'@V!0?Y2#V+_`+@@,<I!;%_W!AO"E<G'*U/XW<D/-0X]6US6?_8#>%:].W;4
MVTWN7AAG\>;:YI/_`+`;PK7=W8M':J_17QBN#N[:&U'/1'PW!7X0>X+&TX'I
M;0U[U[5I.VX&_(.!:B"MPE\0J_S-8PWOVO2MMP=^0;RU$%3A-XD53R-[U`U^
M$?BA5?*WOD!S(05\<2[AV;)W2A%7!R>U38KOHYAGI/<N%\`CZI#;,5E3>156
MP7]TL6%2>Y<+X!'U2&P]^:7^R?T!1L7B#;^RV=V0WN#SB';6S8^[2&,PG\'_
M`!<C\\E^ENC/P;\4V.=2_270TGJ,*%I]T;GVVO<,#-P;\4V.=2_270TGJ,)E
MGZ[BVU*_H&Q8GZ1;;E?2D-83Z'QIO#G<;T5L9;7XSW=SJ-Z*T&L*)\HT[8L?
MTAT)%Z\)%+X/K^E'4H,R5T]2XN1TMD]CD./XXY1E^L0>.#J]H%^45^K4Z))C
M--2%1S1(R<HU$E*L>Q,]'9$/56X_T39<[>1A6_"-PE_@[OYX^HW5'I^EQO\`
MF,UD9#CW_P!IXXY7_0/G!5?/7_;\BL=3.D,S*5'S6>SN."4JQQR2_6U8=X;4
MWE%A[&D;]D1E;KE'H-^TV56JE%@,.4B0VAR0X2$J5GVCP(S[^!&&JA7%0K@0
M\NB5:)/2R9$X<=TEY!GCACAY#$5='&>T>=2?1714G14<7:!SQW=D('H3^,-?
MYFW]<7S??Z.;;B_U"I.BGXN6_P`\<W9"!Z$_C#7^9M_7%]WIV[:FVF]R\*\Z
M);DW;VBS]5P57T,'*0[LY[ZR!N<,O*57/VFMR@=:`````K2.4B#L:1OV1J\'
M/%"E>5S?+&QP9<2*7Y'-ZL-9ZC"=9?YVO[<D_P!`V.#3B%0.9H#2>H)UF=IU
M?;4_?&-BP^TJOMF?OU!I"C;_`'=N_:C?HC`RVCW8N[:J/1&`TA2:Y0*ULJ%O
M9(]V7V[=>VG-RR&H*,#CU<O-8']\>J%QZN7FD#Z'@V!0?Y2#V+_N"`QRD%L7
M_<&&\*5R<<K4_C=R0\U#CU;7-9_]@-X5KT[=M3;3>Y>&&?QYMKFD_P#L!O"M
M=W=BT=JK]%?&*X.[MH;4<]$?#<%?A![@L;3@>EM#7O7M6D[;@;\@X%J(*W"7
MQ"K_`#-8PWOVO2MMP=^0;RU$%3A-XD53R-[U`U^$?BA5?*WOD!S(05\<2[AV
M;)W2A%7!R>U38KOHYAGI/<N%\`CZI#;,5E3>156P7]TL6%2>Y<+X!'U2&P]^
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MO6Q\!(^L@3'0E]S[G^&C_56+=NCC/:/.I/HKHJ3HJ.+M`YX[NR$#T)_&&O\`
M,V_KB^;[_1S;<7^H5)T4_%RW^>.;LA`]"?QAK_,V_KB^[T[=M3;3>Y>%>=$M
MR;M[19^JX*KZ&#E(=V<]]9`W.&7E*KG[36Y0.M`````5I'*1!V-(W[(U>#GB
MA2O*YOEC8X,N)%+\CF]6&L]1A.LO\[7]N2?Z!L<&G$*@<S0&D]03K,[3J^VI
M^^,;%A]I5?;,_?J#2%&W^[MW[4;]$8&6T>[%W;51Z(P&D*37*!6ME0M[)'NR
M^W;KVTYN60U!1@<>KEYK`_OCU0N/5R\T@?0\&P*#_*0>Q?\`<$!CE(+8O^X,
M-X4KDXY6I_&[DAYJ''JVN:S_`.P&\*UZ=NVIMIO<O##/X\VUS2?_`&`WA6N[
MNQ:.U5^BOC%<'=VT-J.>B/AN"OP@]P6-IP/2VAKWKVK2=MP-^0<"U$%;A+XA
M5_F:QAO?M>E;;@[\@WEJ(*G";Q(JGD;WJ!K\(_%"J^5O?(#F0@KXXEW#LV3N
ME"*N#D]JFQ7?1S#/2>Y<+X!'U2&V8K*F\BJM@O[I8L*D]RX7P"/JD-A[\TO]
MD_H"C8O$&W]EL[LAO<'G$.VMFQ]VD,9A/X/^+D?GDOTMT+=G<(-F4:B=3*I<
M,.+-8ERR=9<4>4@^F'#TZ/`9"SXTAF7%:E1G$N,/-DXVM.I23+$C+]QA5M/N
MC<^VU[A@<2WCQOKVT)&\4.]K<XNTOF;7U""_9^NXMM2OZ!R-PQ<J%R\]5]!#
MK7@:Y,+:YFGZ3&>A\:;PYW&]%;'+G1#\J=2^`C[I(Z!Z'/DII?PTC>J#(?*-
M.V+'](='.710\?:?LMO>."SNA6Y/ZAM1S=-"PJMQ_HFRYV\C#F_HH>/M/V6W
MO'!9W0K<G]0VHYNFA8$WE%A[&D;]D49T5O;UL?`2/K($QT)?<^Y_AH_U5BW;
MHXSVCSJ3Z*Z*DZ*CB[0.>.[LA`]"?QAK_,V_KB^;[_1S;<7^H5)T4_%RW^>.
M;LA`]"?QAK_,V_KB^[T[=M3;3>Y>%>=$MR;M[19^JX*KZ&#E(=V<]]9`W.&7
ME*KG[36Y0.M`````5I'*1!V-(W[(U>#GBA2O*YOEC8X,N)%+\CF]6&L]1A.L
MO\[7]N2?Z!L<&G$*@<S0&D]03K,[3J^VI^^,;%A]I5?;,_?J#2%&W^[MW[4;
M]$8&6T>[%W;51Z(P&D*37*!6ME0M[)'NR^W;KVTYN60U!1@<>KEYK`_OCU0N
M/5R\T@?0\&P*#_*0>Q?]P0&.4@MB_P"X,-X4KDXY6I_&[DAYJ''JVN:S_P"P
M&\*UZ=NVIMIO<O##/X\VUS2?_8#>%:[N[%H[57Z*^,5P=W;0VHYZ(^&X*_"#
MW!8VG`]+:&O>O:M)VW`WY!P+405N$OB%7^9K&&]^UZ5MN#OR#>6H@J<)O$BJ
M>1O>H&OPC\4*KY6]\@.9""OCB7<.S9.Z4(JX.3VJ;%=]',,U)[EPO@$?5(;A
MBLZ;R*F7_P#@O[I88J'>-I/Q:?#9N>CN27&VVT-(FMFM2C(B))$1XF>.C`,[
MWYI?[)_0%&Q>(-O[+9W9"M[3X<[+I-M4>DRFJJ<F)$:CN&B.DTY24DD\#RM6
M)"^",E)(RU'I"AP?\7(_/)?I;HXFO$SZ[Z]I_P#J$C>*'=ME\3:!LZ/NDB,M
M/NC<^VU[A@<2WCQOKVT)&\4.]K<XNTOF;7U""_9^NXMM2OZ!R-PQ<J%R\]5]
M!#K7@:Y,+:YFGZ3&>A\:;PYW&]%;'+?1$<J=2^`C[I(Z"Z'/DII?PTC>J#(?
M*-.V+'](='.710\?:?LMO>."SNA6Y/ZAM1S=-"PJMQ_HFRYV\C#F_HH>/M/V
M6WO'!9W0K<G]0VHYNFA8$WE%A[&D;]D49T5O;UL?`2/K($QT)?<^Y_AH_P!5
M8MVZ.,]H\ZD^BNBI.BHXNT#GCN[(0/0G\8:_S-OZXOF^_P!'-MQ?ZA4G13\7
M+?YXYNR$#T)_&&O\S;^N+[O3MVU-M-[EX5YT2W)NWM%GZK@JOH8.4AW9SWUD
M#<X9>4JN?M-;E`ZT`(5ZXH3-P=0E-22?*(Y+4Z;2DM$A!H(R)1E@H^S+0G'#
MOX:!"P;Z;ETEBHHI;IE+6RU#9;DM.+><<+*)!Y*L$&22RCRC+`B,>GK]@-L-
MO(@37"0PY(FD24D<)M#AMK->)Z3):5E@G'$D*,N]BY$9&6)'H"H^M!\)$$R4
MGN._W_\`79&OP<<4*5Y7-\L8.#JL4F-9M.9D5.&TZC.DI"WT)-/XU>LC,.Q/
M,J1E)=0:3+$C)1:2"E9?YVO[<D_T#-P:N(38=`(UI(^DT:S#0;K>'YQ'\Q!1
MLSM.K[:G[XQGL5:$PZN2E)+_`(S/UG_KJ#/G6_9$?S$%.WC(ZY=YD9&751O5
MS1@9+36A-9NXE*21]54:S_\`2L!HSK?LB/YB"HPI*K_K1I,C+J5"U'_JR1[L
MU:$S;K)2DE_QIS6?^BR&C.M^R(_F(*=.,COFY#(R,NE8&K_\X]4124WU<N4H
MB_PD#6?O/!JSK?LB/YB"D\9*X2#-)D9=1.]S@#*B3PD$:C(BZB]_G`;<ZW[(
MC^8@IW$I*KRM3)41]NZC_P!$@5$R*^;:,S(BZ5GZ_P#\`;,ZW[(C^8@KWDM"
MIMJ9*B/_`(TWJ/\`T7ABJ!D5\6T9F1%TI/U__@#;G6_9$?S$%B[%H56+1)*D
MG_Q1>H__`$KXQ7"9%7+1,S(BZJ+U\T?#9G6_9$?S$%B_W$*H4<B6DSZIP-1_
M^K:&"]=$2DF?NU`WY!N)UO#\XC^8@K\)3B%6'7R):3/I->HQBO?1&I9G[MP=
M^0;2=;P_.(_F(*O"6M"K)JA)6DSP;U'_`*J!I<*CYQ;"N"42<HV&2=)..&.2
MXD\/^@KNR^'J7<EUTRA+MMB,B:^31NE+-1HQQTX9)8ZA;U[.-G9=PX+29G39
M/?\`])0CJ[R?U+8SGHYCD"S[GN-=U4%ARX*HIDYT="D*F.&DTYQ)8&6.&&`[
MMSC>K+3CCX16]+Y&"V$]NUCDO@[/"_[8,]752-O$COEYUO-+_&)_)/OEX`J6
M)Q"M[9C&[(<)?\Q_[_\`Y'Z,-N-YM!9:<<"[X5>#_3;<<_\`U<OTMT<37EQO
MKVT)&\4.Z[,<;*SJ`1K21]3H_?\`])(CK2,CJ-SF1X_\;7N6!Q+>/&^O;0D;
MQ0[SMUQLK>I9&M)'TFSW_P#["$%9^NXMMROZ!R-PQ<J%R\]5]!#K/@;<0G@P
MMHC6DCZ33K/WS&S0C([HN\R,C+IN-JYJV.6^B(Y4ZE\!'W21T!T.JT)X*J62
MEI+\=(UG_JJ#*2B5PBSC29&746/J/_U#HYSZ*'C[3]EM[QP69T+"T)L"H$I2
M2/JHYK/_`$FQ8=44E5_T3)41_P#"YVH_]2,.<.BAX^T_9;>\<%F="PM";`J!
M*4DCZJ.:S_TFQ8,Q25<(D,TJ(_\`@TC4?^NR*-Z*WMZV/@)'UD"6Z$U24TZY
MLI1%^.CZS_\`M6+>N9257/:.2HC_`,5)U'_Z5T5+T5'%V@<\=W9"`Z%!1)N"
MOFHR(NDV]9_Z@OB^5I4=NY*B/_C<74?[0J;HI^+EO\\<W9"`Z%!1)N"OFHR(
MNDV]9_Z@OJ\EH5-M3)41_P#&F]1_Z+PK[HEN3=O:+/U7!570PF2>$ATS,B+J
M<]K_`&D#<X9#(^$FMF1D9936KX%`ZU`(6IT9<VLQZBF2ELFH,F)DFV2]+IMF
M2M.@\,WJ,M.(56K)J27V:F3U+C5"'TN4=J''-J.[FLLC-Q):2-1.*(L/R"U8
MCX]8E4Z2=CLU2-G*C%>BU%:F3P(G7UO*4T6.LC=<21'WC(^]@=B$DB3DX:,,
M!73UHVJ7"!"C%;=)S"J4^X;?2;>2:B?:(E&6&O`ST^^8D>#5"&[,H[;:22A!
M+2E*2P(B)Y9$1#B.X>[]4YT]]<QV]0;,M!V@TUUVUZ.MQ<5I2E'";,S/(+2>
M@8[!C1H;=;BQ([4>.U6Y*6VFD$E""[#01%H(AH\']HVM-LNBRI=N4I^0[%2I
MQUR(A2EJ/'$S,RQ,PQ=9%F^*M&^9-_\`81EAQV(E+J46*RVQ':K$Y#;3:22E
M"2>/`B(M!$-2U+8MRJ(K,NI4&FRY*JS.)3K\5"UF1/*(L3,L=1">ZR+-\5:-
M\R;_`.PB[0A0Z=4KKAT^*S%BMU1&0RR@D(3C%8,\"+06DS,8*+;M`J]?NR15
M:+3YKZ:DA"7)$=+BB3TJP>&)EJTG\8F^LBS?%6C?,F_^PB*-2Z92+XKD:E4^
M-"85382U-QVDMI-6<D%C@1:\"+XAAM^V[?JU5NJ55*)3YL@JPM!.R(R'%9),
MLX%B98X"=ZR+-\5:-\R;_P"PB+=IM/I5XW+%ID&-#C]+P5YJ.T3:<HR?Q/`M
M&.@AC8H5%K-]W`=6I,*<;4."39R6$N&@C)['#$M`F^LBS?%6C?,F_P#L(2#2
M*51^$-QFDTV)!;<HQ*6F,RELE&4C09X%I,$ZD4JL<(;;-6IL2<VW1LI"9+*7
M"29R-)EB6@Q-]9%F^*M&^9-_]A!3Z#1*/>ML+I-(@P5N)F)6J-'2V:BS1:#,
MBTD,UQ4VG56\;:BU.#&F1^EYRLU(:)Q.41,8'@>C'28E^LBS?%6C?,F_^P@K
M@MRWZ35;5E4NATZ%(.L(0;L>,AM62;+V)8D6.`S7#3:=5;PMJ+4X,:9'Z6G*
MS4AHG$Y1$Q@>!Z,=)B7ZR+-\5:-\R;_["$K5NT"D5^TY%*HM/A/JJ2T*<CQT
M-J-/2KYX8D6K07Q#/=\&'4:E:D.H1&945RJ+RV7D$M"L(KYEB1Z#TD1B4ZR+
M-\5:-\R;_P"P@;QM:VJ;2XDRGV_3(LINIP,AYF*A"TXRFB/`R+$M!F0W+^CL
M2Z93HLIEMZ.[6(*'&G$DI*TF\6)&1Z#(21619N'%6C?,F_\`L%WA`M&UH5EU
MJ5$MRE,2&HJEMNMQ$)4A188&1D6)&)'A`CL2Z=3XLIEMZ.[68*'&G$DI*TF^
M6)&1Z#(2)619N'%6C?,F_P#L%R_[3M>!:4^7"MVEQY+6:4VZU$0E:#SJ-)&1
M8D8S<,')K='-%?72.3>">+&F\)%O19D=J1'<EDE;3J"6E98'H,CT&.MKPLVT
MH]H5U]BV:0VZW3Y"D+3#;(TJ)M1D9'AH,;E>TV!4C_\`\9ST<QQ):+33]V4-
MAYM+C3D^.A:%EB2DFXDC(R[Y#NCK(L[7UJT;''VDW_V"M22)/`LE*2(DE07B
M(B[Q9I8Y(L)AF3?-N1I#2'6':E'0XVM.4E:3<21D9'K(QV\[9%G$TLRM6C8Y
M)_\`)-_]AIV)Q"M[9;&[(<)?\Q_[_P#Y'?+=DV=D(/K5HV.!?\DW_P!AH\'+
M3;%K0V66TMM-R92$(06!)24ITB(B[Q$0XIO+C?7MH2-XH=G6C9MI2+3HC[]L
MTAQUR`PI:UPVS-2C;29F9X:3&6QHD6`_<<2%&:C1FZTLD-,H)"$%F6#T$6@M
M)F.++QXWU[:$C>*':U!LRT':#377;7HZW%16C4I4)LS,\@M)Z!AL6-'AQZ[%
MB1VH\=JLRDMM-()*$%V&@B+01#DOABY4+EYZKZ"'37!/:=KSN#FWI<VW:5(D
M.1"-;KL1"E+/$])F98F)JTX$*FU^[8=.AL1(R)D<TLL-DA!&<9&.!%H',G1$
M<J=2^`C[I(NG@$MBVZGP9TV74:#39<E3KY*=?BH6L\'#(L3,L=0<*72:72+_
M`*C'I5.BP65T>.M2(S26R4K/NEB9$6DQS_T4/'VG[+;WC@>.AJMV@5>QYTBJ
MT6GS7TU):$N2(Z'%$G-MGAB9:M)_&+'ZB4:C7]2>I-*A0<[2YN<Z682WEX.1
M\,<"TX8G\8H#HH>/M/V6WO'`\=#5;M`J]CSI%5HM/FOIJ2T)<D1T.*).;;/#
M$RU:3^,6/'HU(H_"%'12:7#@I=HSYN%&92V2S)]G#'`M.LQ3?16]O6Q\!(^L
M@9NA@H5%K$"XE5:D09QM.L$V<EA+AHQ2O'#$M&HA;=3M^A4>[+4>I5&@075R
M)*%+C1TMFI/2KAX&9%I+$B%<=%1Q=H'/'=V04NACH])K%<KC55ID2<VW%;-"
M9+*7"2>7K+$M`O&Z+:MZE2;<E4RA4Z'(ZM1DYV/&0A6!Y6)8D6.`KOHI^+EO
M\\<W9!2Z&.CTFL5RN-56F1)S;<5LT)DLI<))Y>LL2T"\[@MRWZ35;5E4NATZ
M%(.L(0;L>,AM62;+V)8D6.`4^B6Y-V]HL_5<%0=#E3*=5>$!V+4X$:9'*GNJ
MS4AHG$XDI&!X'W])C=X5X$&G\(%8AP(;$:,VIO(:9;)"$XM(,\"+06DS,=?`
M````K2.4B#L:1OV1J\'/%"E>5S?+'$-P\8*ISI[ZYCOZW.+M+YFU]0A`V7^=
MK^W)/]`V.#3B%0.9H#2>H)UF=IU?;4_?&-BP^TJOMF?OU!I"C;_=V[]J-^B,
M#+:/=B[MJH]$8#2%)KE`K6RH6]DCW9?;MU[:<W+(:@HP./5R\U@?WQZH7'JY
M>:0/H>#8%!_E(/8O^X(#'*06Q?\`<&&\*5R<<K4_C=R0\U#CU;7-9_\`8#>%
M:].W;4VTWN7AAG\>;:YI/_L!O"M=W=BT=JK]%?&G=DN+!JMIRILEF-'15%Y3
MKRR0E.,5\BQ,]!:0R4^N46I/&Q3JO`EO)3E&W'D(<41>'`C/1I(1'"#W!8VG
M`]+:"_PQ55RA68JMM-)=<@5")(2VL\"6:72/`S"CP8<--4O*\(=`DT6'&:?;
M<4;K;JE*+)0:BT'Y!9O"7Q"K_,UB!X9*JY0K.76VFDNN0*C$D);6>!+-+Q'@
M9A5X*^&6IWK=C5#E4:)%:4PXYG&G%*5BDBT:18W";Q(JGD;WJ!%<,')K='-%
M?72.4^!OE0MKGA?08[/O?B5<.S9.Z4(NN\G]2V,YZ.8XHLOCE0-HQMXD?H/W
MOWBM:7R,?_HGMVL<F<'7*!;&U(V]2.^WOS*_V3"C8G$*WMF,;LAPE_S'_O\`
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M/.I/HKHJ3HJ.+M`YX[NR$#T)_&&O\S;^N+YOO]'-MQ?ZA4G13\7+?YXYNR$#
MT)_&&O\`,V_KB^[T[=M3;3>Y>%>=$MR;M[19^JX*KZ&#E(=V<]]9`W.&7E*K
MG[36Y0.M`````5I'*1!V-(W[(U>#GBA2O*YOECB&X>,%4YT]]<QW];G%VE\S
M:^H0@;,_.5_;DG^@</3IDM$V2VB4\E!.K(DDX9$6D_?'Z$4X\:=%,_84?5(+
M%F=IU?;4_?&-BP^TJOMF?OU!I"C;_=V[]J-^B,#+:/=B[MJH]$8#2%)KE`K6
MRH6]DCW9?;MU[:<W+(:@HP./5R\U@?WQZH7'JY>:0/H>#8%!_E(/8O\`N"`Q
MRD%L7_<&&\*5R<<K4_C=R0\U#CU;7-9_]@-X5KT[=M3;3>Y>"EPG7A!LBM6S
M6ZA&D2&,W,8R&,G*Q43)D>DR+#L1-\&O"12^$'JCU-@S(O2.;R^F,GLLO*PP
MR3/]4Q)7=W8M':J_17Q6710<0:?M1&Z<%?\`0K\H%0V6YO6QT=P@]P6-IP/2
MV@F]$-R5U7X>/O2%$=#GRK4OX&1NE#JCA+XA5_F:PG]$1R6U?G$?>D*0Z&KE
M.8YF_P#00Z=X3>)%4\C>]0(KA@Y-;HYHKZZ1RGP-\J%M<\+Z#'9][\2KAV;)
MW2A%UWD_J6QG/1S'%%E\<J!M&-O$C]!^]^\5K2^1C_\`1/;M8Y,X.N4"V-J1
MMZD=]O?F5_LF%&Q.(5O;,8W9#A+_`)C_`-__`,C]&V_S2/(04N#_`(N1^>2_
M2W1Q->7&^O;0D;Q0[MLOB;0-G1]TD1EI]T;GVVO<,#B6\>-]>VA(WBAWM;G%
MVE\S:^H07[/UW%MJ5_0.1N&+E0N7GJOH(=:\#7)A;7,T_28ST/C3>'.XWHK8
MY;Z(CE3J7P$?=)'070Y\E-+^&D;U09#Y1IVQ8_I#HYRZ*'C[3]EM[QP6=T*W
M)_4-J.;IH6%5N/\`1-ESMY&'-_10\?:?LMO>."SNA6Y/ZAM1S=-"P)O*+#V-
M(W[(HSHK>WK8^`D?60)CH2^Y]S_#1_JK%NW1QGM'G4GT5T5)T5'%V@<\=W9"
M!Z$_C#7^9M_7%\WW^CFVXO\`4*DZ*?BY;_/'-V0@>A/XPU_F;?UQ?=Z=NVIM
MIO<O"O.B6Y-V]HL_5<%5]#!RD.[.>^L@;G#+RE5S]IK<H'6@````*TCE(@[&
MD;]D:O!SQ0I7E<WRQQ#</&"J<Z>^N8[^MSB[2^9M?4(0-F?G*_MR3_0.%JCW
M0E?"K^DQ^B%-[G1?@4?5(+%F=IU?;4_?&*G?X:HME5NOV^[;[TQ3-6EKSR9)
M((\ITU:C2>K$7G:U83<%N4RMI8-A,Z.A\FC5E&C*+'#'1B(>W^[MW[4;]$8&
M6T>[%W;51Z(P&D*37*!6ME0M[)'NR^W;KVTYN60U!1@<>KEYK`_OCU0N/5R\
MT@?0\&P*#_*0>Q?]P0A+@NB@VK?\>57ZBB$R_1S0VM:5*)2B?Q,NQ(^\&ZV+
MKM^ZF'WZ!4D36F%DAQ2$*3DJ,L2+LB+O".N3CE:G\;N2%></=TU:SWK9J]&6
MTF5C*9Q=;RRR5):QT?N(9>`/A"N.]YE;:KKL=:8C;*FLRR2,#4:B/'#7J(6%
M>G;MJ;:;W+PIGHJ^YEL_#2/JMCQT)'Z5?PO]T73=W=BT=JK]%?%9=%!Q!I^U
M$;IP5_T*W*!4-EN;UH='<(/<%C:<#TMH)O1#<E=5^'C[TA1'0Y\JU+^!D;I0
MZHX2^(5?YFL)_1$<EM7YQ'WI"D.AJY3F.9O_`$$.G>$WB15/(WO4"*X8.36Z
M.:*^ND<I\#?*A;7/"^@QV?>_$JX=FR=TH1==Y/ZEL9ST<QQ19?'*@;1C;Q(_
M0?O?O%:TOD8__1/;M8Y,X.N4"V-J1MZD=]O?F5_LF%&Q.(5O;,8W9#A+_F/_
M`'__`"/T;;_-(\A!2X/^+D?GDOTMT<37EQOKVT)&\4.[;+XFT#9T?=)$9:?=
M&Y]MKW#`XEO'C?7MH2-XH=[6YQ=I?,VOJ$%^S]=Q;:E?T#D;ABY4+EYZKZ"'
M6O`UR86US-/TF,]#XTWASN-Z*V.6^B(Y4ZE\!'W21T%T.?)32_AI&]4&0^4:
M=L6/Z0Z.<NBAX^T_9;>\<%G="MR?U#:CFZ:%A5;C_1-ESMY&'-_10\?:?LMO
M>."SNA6Y/ZAM1S=-"P)O*+#V-(W[(HSHK>WK8^`D?60)CH2^Y]S_``T?ZJQ;
MMT<9[1YU)]%=%2=%1Q=H'/'=V0@>A/XPU_F;?UQ?-]_HYMN+_4*DZ*?BY;_/
M'-V0@>A/XPU_F;?UQ?=Z=NVIMIO<O"O.B6Y-V]HL_5<%5]#!RD.[.>^L@;G#
M+RE5S]IK<H'6@````*TCE(@[&D;]D:O!SQ0I7E<WRQQ#</&"J<Z>^N8[^MSB
M[2^9M?4(0-F?G*_MR3_0.%JCW0E?"K^DQ^B%-[G1?@4?5(+%F=IU?;4_?&..
MN%3E)N?:3WUC'9'!3R;6OLUGZI`M_N[=^U&_1&!S/PS7)<-'X3Z_&I-<J,%A
M2V5J;C25MI-68;+$R29:=!?$.AN`Z=-J7!A19M1EORY3F>RWGW#6M6#RR+$S
MTGH(B$FUR@5K94+>R1SOPC\(MX6IPB7+2Z#5^E(:IA/&WTNVOLS:;(SQ4DS[
MQ#H7@HJ]1KW!]1*O59'3$Z2TI3KN22<HR<46I)$1:"+40]0./5R\U@?WQZH7
M'JY>:0/H>#8%!_E(/8O^X(4-T5/=VW^9N;P-/0G\7Z_SQOZ@M*Y..5J?QNY(
M4]T5G<RV?AY'U6QI="7W0N;X&/\`66+RO3MVU-M-[EX4ST5?<RV?AI'U6QXZ
M$C]*OX7^Z+IN[NQ:.U5^BOBLNB@X@T_:B-TX*_Z%;E`J&RW-ZT.CN$'N"QM.
M!Z6T$WHAN2NJ_#Q]Z0HCH<^5:E_`R-TH=4<)?$*O\S6$_HB.2VK\XC[TA2'0
MU<IS',W_`*"'3O";Q(JGD;WJ!%<,')K='-%?72.4^!OE0MKGA?08[/O?B5<.
MS9.Z4(NN\G]2V,YZ.8XHLOCE0-HQMXD?H/WOWBM:7R,?_HGMVL<F<'7*!;&U
M(V]2.^WOS*_V3"C8G$*WMF,;LAPE_P`Q_P"__P"1^C;?YI'D(*7!_P`7(_/)
M?I;HXFO+C?7MH2-XH=VV7Q-H&SH^Z2(RT^Z-S[;7N&!Q+>/&^O;0D;Q0[VMS
MB[2^9M?4(+]GZ[BVU*_H'(W#%RH7+SU7T$.M>!KDPMKF:?I,9Z'QIO#G<;T5
ML<M]$1RIU+X"/NDCH+H<^2FE_#2-ZH,A\HT[8L?TAT<Y=%#Q]I^RV]XX+.Z%
M;D_J&U'-TT+"JW'^B;+G;R,.;^BAX^T_9;>\<%G="MR?U#:CFZ:%@3>46'L:
M1OV11G16]O6Q\!(^L@3'0E]S[G^&C_56+=NCC/:/.I/HKHJ3HJ.+M`YX[NR$
M#T)_&&O\S;^N+YOO]'-MQ?ZA4G13\7+?YXYNR$#T)_&&O\S;^N+[O3MVU-M-
M[EX5YT2W)NWM%GZK@JOH8.4AW9SWUD#<X9>4JN?M-;E`ZT`%RH7(<"X3IDBG
M/(B)I[\XY9J29+S9MXI2DCQ,\%Z<<.]ACWH-J]JDI$:*[26$5.H)BNPFRD&;
M>0_EF6<5DXD:2:49D1'CHP][X]?DLHRWF:2A72,5Z54B4_AFTM/+:4EH\.S/
M%IPRQP+`B[YZ'\E$:25CHPQQ%=/7;:QW_#E%<E)Z732GVS=Z<;R26;[1DDSQ
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MC+60Z=LR^:%1[`LV)U7I9R%-Q8TEIR6A*F$FD\I2BQQ+##OB1H=VVJU6;I<=
MN2E(0]44+:4J6@B6GI5E.):=)8D9>4C',_#9*C5+A,K4VGR&I<5S,Y#S"B6A
M6#2"/`RT'I(R%X<%%Z4:@<%5M17:I3DS3EYE^.])2A;3:Y*B4LTXXE@D\K3H
M#2U=UJ]>]6DG<E*)ARFQ$(<Z;1DJ43CYF1'CK(E%B7OD.7^&*3'J'"77YD!]
MN3%=>2;;S*LM"RS:2T&6@Q?W!W>U%M[@<I)=5::JIQF3QANR4I<Q-\RTIQQU
M'B&*'=MK(O2X7UW)2B9=C0DMN'+1DK-.>RB(\<#PQ+'RD*&X>Z_TS?B9-O5D
MW8RH#*5N09!F@U$:]!FD\,2Q_P"HL'@;O>%1>"JJ2*E68KE68>DO,Q9DLB<=
MP0DTI(C/*P,RP+`.SEVVNJ_2F=<=*Z7.CY&<Z;1DY>?(\G''7AIP%+=$I5:9
M6*U0W*34(LY#<1Q*U1G2<))YS'`\-0FNAVN.EV[:5S.3ZC"C2B<)UAB2^EM3
MII:,R(B,\3TEAH%D3KSMR=6[/J#E>I2,&9"Y!%+09,J6PGL5:=&D\-/@%9]$
MM6J/6:?;R*158<]33SYN%&>2X:"-*,,<#T:C&GT,E8I=$F7&Y5JC$@DXRSFS
ME/);RS(UXD6498ZR%JU"^;?JT"RI[]:I;,DY[$B4R4I'^'Q8=RLK$\2(C,BT
M^\*VZ)6M4>LTZWD4BJPYZFG7S<*,\EPT$:488X'HU&//0P5FD47KEZL52'`S
MW2V;Z:>2UEX9S'#*,L<,2^,65*ON@555J39%9I;#C57D&Z@I2?Q;:6I+:5GB
M>@C[$\3_`%B\)!-Z(ROT*KV3!C4JLP)SZ:BA:FXSZ7%$G-N%C@1ZL3+XPC=#
M94J?1KXG2:M.CP6%4U:$N27";2:LXV>&)]_`C^(797[ZH%6M]Q+E9I;;S-<8
M0AM,M)FIEN8C!S#'4:4Y6.K`0G#K<MNU/@VJ<.FUVG3)*WF#2RQ)2M9D3A&>
M!$>.H4OP"S8E+X2Z=-J4IF'%0T^2GI"R;01FVHBQ,]&L=!79?5`JMH7=#ZLT
MLG&C<CQDHEH-4A&0@R4DL=.)J46C]40W#M<MNU3@XJD.FUVG3)*WV#2RQ)0M
M9D3A&>!$>.H4]T/DZ%2N$5F74Y;$*,45Y)NR'";01F18%B>@7Q>=\T&IT&YZ
M>BLTLRCN1T1C1+09R$GFUJ,BQTX&:BT>`?.%6ZK9G<']QQ(5PTN1)=BJ2VTU
M*0I2SRBT$1'I'-/!.^S!X1[?ES7D1XS4LE..O*)"$%@>DS/01#J2Z;\MV73;
MHI+=;I2FBHRE,.(EH,WG5I>2;9:=)EDHT%I[(O>'RM7;:SECSXS=R4I3ZJ2X
MVEM,M!J-1L&6218Z\=&`Y#M)11[KH;[YDVRW/86M:]"4I)Q)F9GWB(=JHX0K
M95<#U/.OT<H:(J'DR>G48*<-Q:31CCAH)*3\.D)]-N>VT<$O2"Z_34S.HSS6
M8.2C+RS;61)R<<<=.H<Q6&M$6^+=DR5DRPU48ZW''#R4H23B3,S,]1$0[+E\
M(5LIK$:`W7Z.N(]%?=<D%,1@A:3;)*<<<.R):C_]HB+,NVUHUE4*-(N2E-/M
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M.!D9>4AS?P[S(E4X2*A,ILIF9&4RP27F%DM!F322/`RT:Q<'!+>5(MO@9;-R
MI4\JI&Z8<1">D)0XL\X9D63CCI(PXG=MK=?LR5UR4KI=5)8;)WIM&2:B?=,T
MXXX8X&1X>^0H/HC:C3ZO>L&32IT><PFG(0IR,X3B25G'#PQ+OZ2^,/'`)=-)
MMO@QKJI=1@LU!J4_(8B2'TMK>,F49)$1GB>)IPT"PI5XVQ(NZ@S57#2DME2I
M1.J*6C);6I<<R29XZ#T*T>\?@%"]$;4:?5[U@R:5.CSF$TY"%.1G"<22LXX>
M&)=_27QA_P"AUN2BT+@_JC51JT")+Z?==;8DR$MJ66:1A@1GB9&9&0<H=[6[
M-N6BU657*6P;M!6;R3E(R6G5N,J-LS,]!E@K0>G08J;HEZM2JS,MU5(J46>E
MIE\G#C.DX2#-2<,<-0E>AAK='HL&X45>JPH"GGF,V4I]+67@2\<,HRQPQ(6`
MN^J#5I5G5*56*7'=3)E*?;*4G\268=0DU8GB6/8Z_"$'HDZY1:Q0:(U2:M"G
M.-RW%+3&?2X:2-!:3(CT"%Z&6JTNC5RMNU>HQ8#;D5M*%2G4M$H\O46498BV
M:Q?-`JT*BON5FEMNL7"DE(3*1H:;=<2EP\3T$:22K'5I%?\`1)5RC5B@4-JD
MU:%.<;E.*6F,^EPTED$6)D1Z!"]#+5J71:Y7':O48L!MR(A*%2G4MDH\O464
M98F+:JM]4&IRZ2IVLTMLH5QF@C3+0>+*67")T]/Y)FK#'4%;H@[AH-6L!N+2
MZU`FR"GLKS4>0EQ6225XG@1ZM)"MNATJ$"D7^[*JLQB%'.`ZC.R7";3E&I&!
M8GHQT&-WA6FPZC?]8F4^4S*BN*;R'F5DM"L&D$>!EH/21E^X=>@$54*+%GU)
MJ=(-:LB(_$-K_*M#IH-6/?Q_%E\9A>9L7-MH<56I+DZ,4=$*2IM/XA#&7D)-
M):%XDXLE&>&./>P'EZP&%Q$QFZM+;)YAR-/7DI,Y;;CJG5_L&:EKTEJ)9EX#
M)X(B(L"+0/&:;]C3_*0,TW[&GXB'W-M_J)^(?,TW[&GXB!FF_8T_$0^YMO\`
M43\0^9IOV-/Q$#--^QI^(@9MO]1/Q`S3?L:?B(&:;]C3_*0,VW^HGX@9IOV-
M/Q$#--^QI_E(&;;_`%$_$#--^QI^(@9IOV-/\I`S;?ZB?B!FF_8T_$0,TW[&
MGXB!FV_U$_$#--_J)^(@9IOV-/Q$#--^QI^(@9IOV-/Q$#--^QI^(@9IOV-/
MQ$#--^QI^(@9IOV-/Q$#--^QI^(@9MO]1/Q$#--^QI^(@9IOV-/Q$#-M_J)^
M(&:;]C3\1`S3?L:?B(&;;_43\0,TW[&GXB!FF_8T_$0,VW^HGX@9IOV-/Q$#
M--^QI_E(?<VW^HGXA\S3?L:?Y2!FF_8T_$0,VW^HGX@9IKV-'\I`S3?L:?Y2
M'W-M_J)^(?,TW[&GXB!FF_8T_P`I#[FV_P!1/Q#YFF_8T_$0,TW[&G^4A]S;
M?ZB?B'S--^QI^(@9IOV-/Q$#-M_J)^(&:;]C3\1`S3?L:?Y2!FV_U$_$#--^
MQI^(@9IOV-/\I`S;?ZB?B!FF_8T_$0,TW[&G^4@9MO\`43\0,TW[&GXB!FF_
M8T_RD#--_J)^(@9IOV-/Q$#--^QI^(@9IOV-/Q$#-M_J)^(@9IOV-/Q$#--^
MQI^(@9MO]1/Q$#--^QI^(@9IOV-/Q$#-M_J)^(?<VW^HGXAZ`````"U==PNT
M=^##CE3T/R\LTO5&4<=@LG#%.423,UGE:$^`E'WA]M.OOUER?&DH@*>AJ02G
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M8E:V5F:RR%HP(R5BC#`\#+O]X.XB[DJJ:)1I%36E!H8R37EJR4DDUD1F9]XB
M(S/]P6Z9>3T^L,9HJ:]1Y4YZ!&4Q*SCZEMD9FX9$62:.Q/01XD1I/OX$\#6J
M,GI*GRIF9<>S#2W<TV6*EY)&>21>$\,""'$X0%RJE&;9<HKT<UQF76F9V6^X
MX\1'E-%AV2$Y6G'`SR5ZLG38HP37CCPWY!%B;3:EX>'`C,+-)NQWI2`JOTQZ
M"]+0T;;T="WXRS618%EI3B@].&"R3[QGK#:`5;(X2Y129#;3-$92RAV3DR:E
MDNFVVHTFTI&3V#QF1F1:2(O"+/9<)UE#I)4DEI)62HL#+$M1EX1[%<3[]J;$
M@WF8%(."2Y*30]431(23&5EFM.0:48Y.C$\",TD9EE:+"B/IDQ69"4+0EU"5
MDE:<%$1EC@9=XQE"+4;PF(J=0C1%V_&;@N9MQ%5J1QWE8$1Y622#R4'CH,\<
M=8:Z'4"JU'A5,F%L=-,I=S:]:<2QPQ[_`)>^-\+51NKI.M/4=NWZS,?::2\:
MXS39H4A1F1&1J<+OD9888Z!.P)"I<-F2N*_%4XG*-E\B):/>5@9ECY#,;`2Z
MU=TRGW!+AM0XRX5/9:?EI6Z925M+,\IQI!%V24$6*O#I(L#(L9^W:LW6J>N<
MRII;)R'FFW&5Y:7$(<4E*B/4>))(]'A$J%.OW-4(5;*CTNE1YLC,-O*2Y+S2
MS):S01H1DF:TI,L5GHR2\)Z!)6O5WJO#DJE-1VY,62N,Z<9[.M*4DB/%"L",
MR[(B,C+$C(R[PF@MW;<,VWTQGFJ,J9$<,TO2>F$M-QCT8&LSU)/];47?,ADL
MNMSJ_1DU&;3D0LM:B;)#Y.I6DE&641EY/_D,`6;NNN';&0N:IA+:XDE]&=?)
MO.+:)!DVDST8JRC^(>[9K,^=,FTZJ)@'+BMM/&N`\;C62YE9*3RB(R463C[Y
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MV.$*2FER*I.C0&8KS;QPC3(,S0\WC_AG\2+)=,M)$7@46LBQL@`KM5]5=V'+
MJ46C4\J;%)UQ;[U1P,DMJ-)M*(D8(>/`C)!F98'I/$6"RX3K*'22I)+22B)1
M8&6)=\A[%?W%?%6I-3=IR;:_&&\VW&6_.0V4M*EI3E-EAI_*TEK3K,L-(?(Z
MG%L-K>:S3JDD:V\K*R#PTEB6O#PC($6H7HZJK.4"EG2TU8I;K63,E9*4--MI
M<-:DEV6DE:.]@1GCHP#/;M4*M42'5$M9LI#>5DDK*+''`\%?YDZ,2/OE@8DP
M`````!$X4$55<&/TH:RBDAS')7'2DI&C,F[G^Q-HNRQ(M..&@QFX-VY3<.5@
MS+9IAY!QT2WFG%YS`\Z:3:,TY!GDX%CKRL"(L"#J%#A#76&J?&>IC\EEE#BC
M?7%>::<(\G\69J=P3F\O#*+7AAK+$CU>#I=8>*2],<G.1E--DM<R2T_E2B-6
M=-HVU&1-_DX%H+P$6D/(5[_1,716\P4@XI/DJ849;*'3:(C,LDWNP+L\C''#
M1C@('@Y35I%0<J$XI+KBHI-S9,A]AY+D@E$99DVS/);PRNQ[$M*=&.)BQ@N7
MTW.=M]U$(G31EHZ92PIM+IL8]F2#<[`E8>'#1C@9'@%7@\*KOUE4Z2<IYU3"
MVZA)>D1W6G#)1&P36:,\#))JQ+!)8F>LS(Q9HB;I*I*H,TJ2I:9F062;:DI7
MDY1962:NQ)63E9)GHQPQ%?V.=5?N,I1*J+JS<4F2^_+C.MJADE1,H632C,WB
M49:</UL5&0M81=RIJ2Z%.32#PGFT>:/%)'CW\#5H)6&.&.C'#'0*YLPJH]<,
M=QOJ@X;3Z\7)$J*XVB&:/R5I:49YXUDG$\,3P+%1D6`MH:U2*6=.E%3S04W,
MKS!N?DDY@>3C[V.`J*W&:J=QH4TBI*FI?:R''I,)60WB73)2":/*49]EDZ#/
M\G#)TD+F&-\EJ8<2V2#6:3).66*<<-&/O"G::[=/5!N#TQ65SFLT3+2I\3-M
M/DK\?G4(42C9PPR2P,R(CP))X"YB`*3GM7`NL2(LLJ@[,-Q;K3;$J$DBFX_B
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M-`E!65_'4TULL9D^&2TMII[\5]EAE)8_CL\M79EX=&C###L@WV:Q+C4)IJ8V
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M^2>=(EM_E)(L@NRTDHE$78DD.P5.$`Y14IDR.45-SN$_I/-Y[-9)X89S1AE9
M..&G#5WQ%<&4>IQVW$J>6[3EM$LS=6PM27C6KL2-KODC)RR/02OR=&(L`+=\
M'-12&WHBI*6VGTKDKB9!/I9P42C;->@CQ,L3UY.5AIP$'P>JK"Y*G%U"=,IR
MT.J7T])9>6VK.?B4XHTDO(Q-9'H+%&&G*%@"&NTIYV_+*G$LWCR<LFR0:S:R
MBSA(SG8961E896C$)-AM3#KG3D&3-?@N+6AWIYV.MQM@D)S9'D=FE6<RLE..
M&06G`\!9XB+J3/7;\U-,(U2301$220:C3B66227V.5DY6&5HQPQT!"L&/):J
MS9T=^:=*)Y9''ENQSS+&;(\32WV2%&[^3AK22C5J2+4&I52G'3)A4PVRGFRO
MI<W?R2<P/)Q]['`5A;C:SK\0Z0BKM5#/$<XYTB"MHV\?QI&31FHS\&21:<,<
M"Q(6T,4O/G&>**;92,A6;-S')RL-&.&G#'`593)-9=J,2/'EW!U;2\CIE$N=
M$<B8$HL[BA"C5DX96!)22M6K2+8(!BFY2*D\])ISYU8[A>=,U-IE0C@..X]B
MHVE'B;>!%H-&7@7AP,7&G')+*PQ[^`^BG:DBH.2Y<*4=7.OKD&MI#,F%TDIP
MCQ:7FUJRLDB)/Y237H[YX&+?9SF:1GLG.9)963JQ[^'O#V*IN1<E5:E1ZPNN
M*D%(SD!,"9#0P22/\49(=41DLN^:B/3C@>&!"RJ04Y-*A%5%(5/)E!2%-_DF
MYDEE8>]CB-P5?=BWT5Z6BL*K!-KPZ2ZFRHC;9M&DB,E)=4E1JRLK''%)D98:
M,2#Y;:*@W0H**J:#FI:(G,C)_=^21)QPPQR=&..&@2@``````A<)74UIZF2I
MT^A-.9+S+4>MM&XRZ2B3E*21'^6G`O*2E%HQQ&?@WB4:.S-51:M#G,DEAE11
M&R0DE(;PRUD1X&XK69Z-!)+O8F[!)X22I[;%,F3I](84R^HFF:N@UQWU*09&
M1D7^8BTD>GOEAIT:O!I!HD=R6NC5F!-R8[++J(+1-)RBRCRU$1GB9F9I3X$I
M(L3UBP`H\(I044F'*GSJ9&3'EI<;35$&J,\O)41(66.O29D>G!1$>!B'X.8E
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MBI>!%I,^^9ZQG,4[<#-M)N><U/KEL=C*.4Z4V-G)27#1@3*S,\#:U>`\GL2_
M6%G6S'9B6]3(\>8<QEN,VEN1[(G)+!1>]X/>P$H*GNMNW4W;):J59MM&<?8E
M/IG1\N6SD)3@VE1G@3:B26LM!*7KQT/EFL1HULT]J'-:F1R;-2'F4Y+9D:C/
M!"<3R4%C@DL3P(B+$3@JJ^V*`=S.M5&MT%A4I#"GTSV<N5'0A6)&R>.!$KWR
MP(\3TXX!TL=B$Q;K/4^;'EQ7'77$+BHR&493BC-#:<3R4I/$B+'O!A%8\)#-
M&56<W4*Q08SDV&EA:*HQG'6&R6H\ZQIT*Q4>O1BE!XZ,#:;&:IJ*5(=I,Z+*
MB/RW74%$1D,M8F19"4][5B?A4:CP+'`,HKSA,12TRH#TZI4)EU;#T=$>M,FZ
MTI*LG*6@B,NS+`O*1X8EK$AP=1*1'B3ET6K1IT93C:#Z602$)-#:4Y2B+0;B
MORE*T8Z-&C$W,(O"3U.:ZERYT^B,K;4ZAIBLMFXP\:DD1Z"/\LB+0>G0:B[^
M)'!K#HL=,Q5%J\&<A+,=APH;1-IRD)/LUD1Z5J,S+']5*"TX8F]!-X1^D&X%
M/ESY]+C]+RLIINJI-49]1H4G)41?YL#,TGIP,M1B.X-85#9E2'*16:;+6B,A
MMYJGLDTC*-:E92BQ/$BQ-*"_RI+#$^]885.$1,$J&S(GSJ=$;CRFW4=4DY49
MU98D2'"QU'CB7@423P/#`0/!W%H*:J;U+K%'?E)C.F^Q3&,TG%QW*TZ=*$:$
MH(])92SQ[+`K)"]?34-VV)G3\V+#C(-MQ3LM.4QV*TJ)+A8EB@S(B,L=1A-L
MABWWKACRH=8H!U$UOR%QJ2QFR,E(2C((\<306&69&6E9D>C#`[3$#>S,1^UZ
M@B=-8A1L@E+?D)RFDD2B/!98EB@S(B46)8D9D$>S&;>D7%%EQ:S;W5%3SL@X
M])CY&*<T2"0E6..098K5B6E1)PPPTVL(NYSBE;=6.;)=C12B.F\^U^6VC(/%
M2??(M0K.BL*>F4XJG`I=-=@S8WXF+1TQY>*S_%*RB=4E+:L#)63CJ4G1I%P%
MJ(:M3-DJ=+.0^MADF5YQU!X*0G)/%1'WC(M(IZC,(D1H;,N+383,5R&^TM%'
M2S.>:6ZE+3J%DZI*<I6!*/66)XI(S(76`Q1K+,>339D13-/32S8>E1YTFCD<
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MDEX"Q/`L"$Z``````1M7::<<IQN-H6:):5(-18Y)Y*BQ+P'@9_&)%(^B.K33
M3L>.3K:%DF6PI.4G'`R<29'Y2$@D?1&7`TV]2W$.MH<1EMGDJ+$L2<29'^XR
M(Q)%K,?1'7`TT]1)[3S:'&U,+)2%I(R,L.^1B0+6/HUYZ$.09*'$I4A32B4E
M18D98'H,8Z2E**;#0A))0EA!$DBP(BR2&X/#Z4J9<2HB-)I,C(RUZ!IT1"&J
M/3VVT)0VB.VE*4E@1$22P(B&^`1=OM-,TMEIEM#;:5.8(06!%V:N\0E`&(VC
M-MM1GD--I0DY3ZL$E@6)NJ,S_>9F8D@"-IC3;4BIFVVE!KEY2\DL,I6;1I/P
MGH(20!&T]MMN=55(;2E3CZ%+-)8&H\T@L3\)X$1?N$D`1L=II-;GNI;0EQ;#
M!*62<#41&YAB??PQ,21`$83397`X\3:"=.(E)KP[(R):C(L?!I/XQ)EJ`(UU
MIKJ]'>S:,Z41U)+P[(BRVSPQ\&@A)%J`(R8TVJM4YU3:#<0AXDK,M*2,DXD1
M]['`OB$F6H`CJFVVN52UK;2I3<K*09EB:3S;A8EX-!F7[Q($/HC:TTTZF%G&
MT+R)C2DY22/)41Z#+P&)%.H?1'5UMMV`276TK23[*B)18D1DZ@R/RD98B0+6
M8^B,N)IIZC2VWFT.(-)8I6DC(])'J,21=\?1IU=M#M*FM.H2MM;#B5)46)*(
MTGB1D,L(B3$821$1$VG`B[V@AG&O/0AR#)0XE*D*:42DJ+$C+`]!C'24I138
M:$))*$L((DD6!$620W!JU1II^FRV7FT.-.,K2M"RQ2I)I,C(R/60HZF/.NT_
M@BE.NK7(?EN-.NJ49K<0DU&E*CUF1&1&1'H+`7V6HAY<0AQ"FW$)6A1&2DJ+
M$C(]9&0Y_8<<5:EB.J6HW$W,<5*S/23)2#P:(_U.P1V.KL4^`AT$`<]W&9MV
M%<I(/)*'=*V8Q)T9AM1I)2$?JI,E*(R+0>4?A'0@!S]=9FW95_I;,T)A7`91
M23H*.2B1E$C]7'+7CAACE*\)B_F?S2/V2^@>Q2ET&;?X5FFSR&X[,64RE.@F
MGC0:C<27>7B1'E%IQ(A:5G<4:%L^/NTB9%1W`1==5_1L"S!T)F4;?^7/%E8.
E8:LLLA/9:^Q+P$''@N4IS@\MMQ:C4M4!I2E*/$S,RTF8:Q__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g64137.jpg
<DESCRIPTION>G64137.JPG
<TEXT>
begin 644 g64137.jpg
M_]C_X``02D9)1@`!`0$!KP&O``#__@`_1$E32S$S-#I;,#9.64,U+C`V3EE#
M-#4V-2Y/5510551=-#4V-5]63$-#7T9,14547UE%05)?0T],+D504__;`$,`
M!P4&!@8%!P8&!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@&1HE
M,B4H+"TO,"\=(S0X-"XW*BXO+O_```L(`8L"LP$!$0#_Q``<``$``P`#`0$`
M````````````!08'`@0(`P'_Q`!B$```!0(!`PH,$0D'`@8"`P```0(#!`4&
M$1(A5@<3%18Q-G1UE+,4(C5!455SE;*TT=,C)C0W869Q@9&CI;'#TM3BXS(S
M0D=R@X63I"1&4E-B8Z%#5!<E1622P42"HL+Q_]H`"`$!```_`/2("IU2JU>%
M=J8JG(2*8JE29+>7B2M<;4UG6K#,DLL]SV<>L(W4ZK]6JLEUBJN/=/`CS&TR
MHZ&7#->5EFV2,RFBP21&?3$9Y\<2$[<MTQK=Q7,IM4>CI02U2(T;7&TXJR2(
MSQW<<,WLD.MMP/1>Y.0?>#;@>B]R<@^\&W`]%[DY!]X-N!Z+W)R#[P;<#T7N
M3D'W@VX'HO<G(/O!MP/1>Y.0?>#;@>B]R<@^\&W`]%[DY!]X-N!Z+W)R#[P;
M<#T7N3D'W@VX'HO<G(/O!MP/1>Y.0?>#;@>B]R<@^\&W`]%[DY!]X-N!Z+W)
MR#[P;<#T7N3D'W@VX'HO<G(/O!MP/1>Y.0?>#;@>B]R<@^\&W`]%[DY!]X-N
M!Z+W)R#[P;<#T7N3D'W@VX'HO<G(/O!MP/1>Y.0?>#;@>B]R<@^\&W`]%[DY
M!]X-N!Z+W)R#[P;<#T7N3D'W@VX'HO<G(/O!MP/1>Y.0?>#;@>B]R<@^\&W`
M]%[DY!]X-N!Z+W)R#[P;<#T7N3D'W@VX'HO<G(/O!MP/1>Y.0?>#;@>B]R<@
M^\&W`]%[DY!]X-N!Z+W)R#[P;<#T7N3D'W@VX'HO<G(/O!MP/1>Y.0?>#;@>
MB]R<@^\&W`]%[DY!]X-N!Z+W)R#[P;<#T7N3D'W@VX'HO<G(/O!MP/1>Y.0?
M>#;@>B]R<@^\&W`]%[DY!]X-N!Z+W)R#[P;<#T7N3D'W@VX'HO<G(/O!MP/1
M>Y.0?>#;@>B]R<@^\&W`]%[DY!]X-N!Z+W)R#[P;<#T7N3D'W@VX'HO<G(/O
M!MP/1>Y.0?>#;@>B]R<@^\&W`]%[DY!]X-N!Z+W)R#[P;<#T7N3D'W@VX'HO
M<G(/O!MP/1>Y.0?>#;@>B]R<@^\&W`]%[DY!]X-N!Z+W)R#[P;<#T7N3D'W@
MVX'HO<G(/O!MP/1>Y.0?>#;@>B]R<@^\&W`]%[DY!]X-N!Z+W)R#[P;<#T7N
M3D'W@VX'HO<G(/O!MP/1>Y.0?>#;@>B]R<@^\&W`]%[DY!]X=^D7%$JL%,V/
M&F(0:W&S0ZSDJ2I"U(41ECFP4DQ-@.I(IT*3*1+?CH<>0RXPE2LY:VLTFM.&
MX9'D)^`=2C6_2Z,M2X++A+4VEHENO+=4EM..2A)K,\E)8G@DLPBM4S>54OW7
M.H%J(B[`_<"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@
M78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[
M!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(
M,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@
M78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[
M!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(,"[!!@78(
M,"[!!@78%+L[J1(XSJ'CCPN@``JNJ9O*J7[KG4"U$```````````````````
M````````#KNS(C2S0[*90LMU*G"(R_Y'-F0P^1FP\VX1;N0HE8?`/J``````
M```ZRYT)M9H7+82I)X&1N)(R_P"1]67F7TFMEU#B2/#%"B,O^!]`````````
M`````4RSNI$CC.H>./"Y@`"JZIF\JI?NN=0+40``````````````````````
M`````,-J]$I53OR\'9])B3'$3(Z4K?CI<-)="M'@1F6X)+4^73K8GWW*;B-1
M84.-$D*:9;)!9FG#/`BZYX#[6I>%<CQ':34B=E5M^7'Z'5,;5'2A,A!J,C)1
M$HTMJ;=3FW<$EB6.:5CW;7VJ^\Q/C0#C$<&/K;#^7DN.R765+)6&<O0\<D\Y
M8$1Y\1^5R_Y4&)+D1H<=:HCDTW&?17%K;CNY&/2)/()6!].KI2,L,_6[SE4J
M":!?L@I3FNP7I)15==HDQ6UI(O<49G[XC)];EVDY$=3+FU-J53%2%QI#AN*0
MZ2V$(42L#425*>,C+/N9BQS'U:O=M6P6N2W(B]"Q)^NDR2V"?-"8ZD+23B<I
M)EKAEG(\^.Z1D)*7?\AE+K#=,0Y-CN'&E(2I2R9>5()EDL$IRE$HLIS`BQR2
M+`CQ'%5XUB22HA4Q#"FHDR1*>4IQE60R:4D;25)RB-661]-ADX'NYL?G`OR>
MX:=9I+DB*V11S-662U.DP3F4;II)K)-6"-TC_2PPS"R697)M:CRMD&F&9+"D
M$II"'6EH)2"5@MMU)*3GQ(CSDHBQ+L%90`#W!F=G6O;577<DNK6]2YTG9Z:G
M7I,1#B\"<S%E&1G@0CFTE0[?OQFA,]`I:N!AMEJ$26<DEIB$I*-PDF>4KL;H
ML$NI5:@P$G&IU2UV1)-)G4GE3#;039GE$A@UK-.)$D\-S*Q/,(M-XU4Y4F3(
M-ER&B6QT,F(_TII5`6^HE*-'3I,RS;AY^MA@.S!O:O+EQ$2Z93TLN+@:Z;3Z
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MVDL*S)Q/7#>0>YUEX8F6`[+-W5M^3!IJ:6PF4]+=8<>>UUE&MH:2X;B4+3EX
MF2LG)/#.6.)D.C1[[F.MTU#5-?>C(8A%)<<)QQPU/H2K*UPDZV622TF>5DFK
M/AAFQL%F7'/K3TEFI16(KR&T/)8(G$N()1J+`\M)$M)89G$&:59\-S/;````
M``4RSNI$CC.H>./"Y@`"JZIF\JI?NN=0+40`````````````````````````
M``*I5]3^TJQ4I%4J%)UV9(-)NN)D.HRS)))+$DJ(MPB+<'8I-E6Q2(LR)!I+
M:6)BD*D(<6MTG#0>*<<LSW!(U*ATFJ*4N?`9?<-!-ZXI/3$DE$LL%%G+!1$9
M&6X><ATUVC;:VB9.D1B;)A,<B21ETB5ZXG</=)>*B5ND9F>.<QP=LRUG8S45
MRB1%,-I<02,D\#2L\I9*S],1JZ8\<<^?=SB3:I5.:B2(:(;11Y)&3Z#3B3N*
M20>5CNXI(BS]8ATX]KV]&C2HK-'B)9E-DT^G6R/7$%N)/'K%B>!=8?K5LT!J
M-T,FE1C:-+B5$M.4:B7AEY1GB:LK)3CB9XY)=@?>30J/)1/0_38RRGFE4KT,
ML7C21$DU'NF98%@>Z6!8#C%H%&BM$TQ3F$HUIQD^EQ,T+/*61F><\HRQ/'=/
M='P.UK>.4J4JD15.J;UH\I&*33D9'Y)YL<CI<<,<G-N#MTBCTZCM+:IT5+*5
MF1JSFHU8%@6)F9GF(B(BZPD``!4I>I[:4N9)FO4QS7Y+JGG5-S'T$I:MU6"5
MD6)^X._`M&W8%)E4B-3$=`RG=>?:=6IW7%]+TQFLS/'I4]?K$/Q=H6XIG63I
M31)R]<(TFI*DJP,L241XEF,R/`\Y&/N5MT)+JW2I<8E+2A)])FP0A2$YMS,A
M2DX]@\!V"HM))25%3XY&G6<#ULLVM9V__CB>'8$8FR;52A:$T6,DEHUL\G$L
M$$LEDDL^8B4DC(B_)/<P'95:]OJ?F/KI,5:YB5H?RD8DLEX9>8\Q96!8X88X
M%CB/O2:%2*/&>BTV`TPT\>+I)(S-P\,,5&>)F>!$6)]8A\J=;5`II.E!I$1D
MG6M87DMD>+?^#/\`H^QN#A&M:WHT8XS5)C:R9F9I4G*QQ;-O=/$_R%*3AUB,
MR+,.RY0Z.Z4PG*9%5T8TAB1BT7HK:2,DI5V2(C/#L#C!H-'@)9*+3V4&TI:T
M+PQ5E++!2C4><S,B(C,SQP(A\BMB@%*BRBI,8G8K:&V3)&!)2@L$%D[AY.)X
M8EFQS8#[4BA4FC:YL9!;C:X1),D8YDEC@DL3S)+$\$E@18[@DP`````4RSNI
M$CC.H>./"Y@*;7*A5Z?=J31+0[!.C3)#<,FL/16U,X&I6)FK'*,B(B+#$]T=
M+4ZJ=0?<*/57YZY,JGL3TE)<;=29+Q(U)-'Y&)YLC<(B(R,\XY:K$ZH,6U.C
M1Z+(DQE(:4J4AYI*4'KJ>E-*E$KK%G(L,XE-GKCSX614,,?^]B^<#9ZX]!Y_
M+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'
MG\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/
M0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9Z
MX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-
MGKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG
M`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB
M^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?R
MZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y
M_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT
M'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N
M/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9
MZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP
M-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HO
MG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\N
MB^<#9ZX]!Y_+HOG`V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HOG`V>N/0>?
MRZ+YP=27=M<C2X4)=F3$2)JU(8)R=')*C2@UGB:5*PZ5)]8<2NVO)JVQ+EF2
M3E]#]$$EJ>PHLC*R<3-1I+='=V>N/0>?RZ+YP-GKCT'G\NB^<#9ZX]!Y_+HO
MG`V>N/0>?RV+YP15CR)+E!6X[!<:<54)YJ;4X@S09RWL2,R/`\/8%^`?)4=A
M<A$E3*#?0A2$.&DLI*5&1F1'V#R2Q+V"'4I5%I-'U[8NG1HFO&1N:RV2<K#<
MW.L6)X%N%B8A=4S>54OW7.H%J(``````````````````````````````````
M```````````````%6N3?59_"Y'BK@X_K,_@OTXM8``IEG=2)'&=0\<>%S``%
M5U3-Y52_=<Z@6H@`````````````````````````````````````````````
M````5:Y-]5G\+D>*N#C^LS^"_3BU@`"F6=U(D<9U#QQX7,``575,WE5+]USJ
M!:B`````````````````````````````````````````````````!5KDWU6?
MPN1XJX./ZS/X+].+6``*99W4B1QG4/''A<P`!5=4S>54OW7.H%J(````````
M`````````````````````````````````````````%6N3?59_"Y'BK@X_K,_
M@OTXM8``IEG=2)'&=0\<>%S`5"IR)\&^HSIS)<B$JD2W2I[2"PRVUL9TD6=2
MCRC(L3S8YL,3$=J>56I5"NW$FJ.3">/H9XH[S+C:(N4V>+2"41;F!8GNJ/%6
MX8YZK$FL-VU.9B4IA^$;;1K?7+UM25:ZG,2,@\>MGQ+=]@2FREY%CZ5(!Y^V
M_P""&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\
M?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X
M(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&
MREYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI
M>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7G
MHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)
MP._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#
MOQ^"&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\
M?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X
M(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&
MREYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI
M>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7G
MHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)
MP._'X(;*7GHG`[\?@ALI>>B<#OQ^"&REYZ)P._'X(;*7GHG`[\?@ALI>>B<#
MOQ^"&REYZ)P._'X(;*7GHG`[\?@B(ERZ[)O"TTU:C1H+129!H6U.U\U*Z&<S
M89"<,V.?$?2L2*K'U1FU4FFL3G#HQDM#LK6"26OYC(\E6/\`P)/92\]$X'?C
M\$-E+ST3@=^/P0V4O/1.!WX_!#92\M$X'?C\$15CNS54%:GHC;;IU">:T)>R
MB2KHMW$B/`L<_7P%^`<3;;-Q+IH2;B2-)*,LY$>&)8^\7P#\2VVE:W$MI):\
M,I1%@:L-S$^N*QJF;RJE^ZYU`M1`````````````````````````````````
M`````````````````JUR;ZK/X7(\5<'']9G\%^G%K``%,L[J1(XSJ'CCPN8`
M`JNJ9O*J7[KG4"U$````````````````````````````````````````````
M`````"K7)OJL_A<CQ5P<?UF?P7Z<6L``4RSNI$CC.H>./"Y@`"JZIF\JI?NN
M=0+40`````````````````````````````````````````````````*M<F^J
MS^%R/%7!Q_69_!?IQ:P`!3+.ZD2.,ZAXX\+F``*KJF;RJE^ZYU`M1```````
M``````````````````````````````/E*DQX<=R3+?:88;+*6ZZLDI279,SS
M$(^%<5OSY*(L&NTV3(7CDM,RVUK5@6)X$1XGF$J```````````JUR;ZK/X7(
M\5<'']9G\%^G%K``%,L[J1(XSJ'CCPN#CK;98N.)06!GBH\,Q9S')"DK0E:%
M$I*BQ(R/$C(4RM9<6^&)+M6ELQ%T6:I2<HM;CY"F/1$EA^5@9GB>.YF$;J8I
MANR9,VF3B3"=BM$41R?T3(=5B9G)>+*,FU*(R+)+W\#S%V-5C9[:W.Z!V.V/
MUMK7->R]=RM=3N89L-S_`)$GZ?\`$\-KF&/^^'I_]K?QX>G_`-K?QX>G_P!K
M?QX>G_VM_'AZ?_:W\>'I_P#:W\>'I_\`:W\>'I_]K?QX>G_VM_'AZ?\`VM_'
MAZ?_`&M_'AZ?_:W\>'I_]K?QX>G_`-K?QX>G_P!K?QX>G_VM_'AZ?_:W\>'I
M_P#:W\>'I_\`:W\>'I_]K?QX>G_VM_'AZ?\`VM_'AZ?_`&M_'AZ?_:W\>'I_
M]K?QX>G_`-K?QX>G_P!K?QX>G_VM_'AZ?_:W\>'I_P#:W\>'I_\`:W\>'I_]
MK?QX>G_VM_'AZ?\`VM_'AZ?_`&M_'AZ?_:W\>'I_]K?QX>G_`-K?QX>G_P!K
M?QX>G_VM_'AZ?_:W\>'I_P#:W\>'I_\`:W\>'I_]K?QX>G_VM_'AZ?\`VM_'
MAZ?_`&M_'AZ?_:W\>'I_]K?QX>G_`-K?QX>G_P!K?QX>G_VM_'AZ?_:W\>'I
M_P#:W\>'I_\`:W\>*SJBE>1V752J14(X9H1KI,:]EY.N)W,K-\(A7F)#5SVZ
MJC,06YVR#I(-YO)1ZG>QQR2QW,??&@>G_P!K?QX>G_VM_'C\4=_I2:CVN9BQ
M_P"N*"C5'OA5(8JYT:WRBNH;<(NBGC625FDBS9.&/3%UQ?\`T_\`M;^/#&__
M`&N?!(#T_P#M;^/#T_\`M;^/#T_^UOX\/3_[6_CP]/\`[6_CP]/_`+6_CP]/
M_M;^/#T_^UOX\/3_`.UOX\/3_P"UOX\/3_[6_CQ$RMLFW"T]F]BM9Z)DY'0>
MN965T,YNY76PQ'TK6S7_`(C-["=`:[L.>N=&9>3AK^;#)ZXDO3_[6_CP]/\`
M[6_CP]/_`+6_CP]/_M;^/$78VR&P*^B.AM?V0GZYK>5DY71;V.&.?#$?/5#@
MG/K5+9CQ9<UXX[A/QF66UXQ]<;4K!3CB"1E*2E!_E&:346'7%HLZ&_`MN#&D
MM*9?)*EN-&A*";4I9J-))2I1$DLK`B)1X$19Q-F1'ND0XH;;09FA"4F>[@6`
MJ^J9O*J7[KG4"U$`````````````````````````````````````J&JKO`K/
M<D\XD5*/ORMCC![Q9X:X`X/?FE_LG\P\]->MU3^"Q/#;'H?K>^/-JZ13'K-J
M%0=@M+F''F.:\>.5E$IS`\<=W,0]$TLS.FQ#,\3-E'@D.T`````K]PUN?3ZE
M3:93*4W/E34/.$3DK6$H2WD8Y\E6)GEEU@MZMSZA4JE3*G2FX,J$AEPR;E:^
ME:7,O#/DIP,L@^L.M<F^JS^%R/%7!Q_69_!?IQ:P`!3+.ZD2.,ZAXX\(?5+5
M29M1IC51F0849DGRV1?94^33O2>@]*HB09D>4>5G,DX$+78JUKM.F&N,F/Z&
M9)0E"T$:249)425F:DDHL%8&9F65@+``JNJ9O*J7[KG4"U$`````````````
M``````````````"M3+YM"%+?ARKCIS4AA9MNMK>(C0HMTC]D3\23'F169<1Y
M#T=Y!.-N(/%*TF6)&1]<C(?8```````%0U5=X%9[DGG$BI1]^5L<8/>+/#7`
M'![\TO\`9/YAYZ:];JG\%B>&V/0_6]\>?$^M_/X)-\)T;S2NID/N"/!(=L``
M``!5JQO]MK@D[Z`*/O\`;EX)!^G"Y-]5G\+D>*N#C^LS^"_3BU@`"F6=U(D<
M9U#QQX<D6@\Y4*I,=KM5BE*EJ>0U"EFV@DFA!9RR=WI3Q%HI\;H.$S%Z(?D:
MVG)UV0O+<7[*CZYCL@*KJF;RJE^ZYU`M1```````````````````````````
M![@Q:(I12*_@H^J\[K_[AC1M3O>%;7%D?FTBQ@```````J&JKO`K/<D\XD5*
M/ORMCC![Q9X:X`X/?FE_LG\P\]->MU3^"Q/#;'H?K>^//B?6_G\$F^$Z-YI7
M4R'W!'@D.V```"$J]T46CS4P9TAXI*FB>)MJ*Z\9(,S(C/(2>&<C+/V!]Z)7
M:97$2%TU];G0ZR;=2XRMI2%&DE$1I61'N&1[G7$56-_MM<$G?0!1]_MR\$@_
M3A<F^JS^%R/%7!Q_69_!?IQ:P`!3+.ZD2.,ZAXX\*_?4JF[;HS<>O-1YQ17$
MO%(N%<)EHB-LR3DHQ/+/$CP/`C(L<^;"]6BRRQ;D%##K#J#0:M<8EJDH6:E&
M9J)U6=>)F9XF)@U))1),RRCSD79'%MUMW*UMQ*\E1I5DGC@9;I>Z*QJF;RJE
M^ZYU`M1```````````````````````````![@Q6+ZHK_`!O.YPQH^IWO"MKB
MR/S:18P```````5#55W@5GN2><2*E'WY6QQ@]XL\-<`<'OS2_P!D_F'GIKUN
MJ?P6)X;8]#];WQY\3ZW\_@DWPG1O-*ZF0^X(\$AVP```59GUR)W$T?GW@MO?
M5=_"X_BK85C?[;7!)WT`4??[<O!(/TX7)OJL_A<CQ5P<?UF?P7Z<6L``4RSN
MI$CC.H>./"&U19M/C5:`Z_4'F()$\W)*F2&$2#?P;-&6EP\3223/<SD:DXYC
M$KJ9E5]CGCG29$F"M+:XKLAUEU1XY1J(E-9C(BUO'K$K+(C,B(?MP4V7MQ;G
MTXI71+M$G-)7KJS;0YE,:V22,\E!F>)YL,<,^.`Z&ILTRF<LZ=%<CPVZ3#9E
M)-HVR.81N:YE$9%BX1&G*/=SEB8[.JNS65VS/7#GPFH1-M$MIV(IQQ2M=3G)
M9.$1%N9LD]P^SFECAWMB>%?H>&)X?^4N_:`Z#O?M_0^]+OV@.@[W[?T/O2[]
MH#H.]^W]#[TN_:`Z#O?M_0^]+OV@.@[W[?T/O2[]H#H.]^W]#[TN_:`Z#O?M
M_0^]+OV@.@[W[?T/O2[]H#H.]^W]#[TN_:`Z#O?M_0^]+OV@.@[W[?T/O2[]
MH#H.]^W]#[TN_:`Z#O?M_0^]+OV@.@[W[?T/O2[]H#H.]^W]#[TN_:`Z#O?M
M_0^]+OV@.@[W[?T/O2[]H#H.]^W]#[TN_:`Z#O?M_0^]+OV@.@[W[?T/O2[]
MH#H.]^W]#[TN_:`Z#O?M_0^]+OV@.@[W[?T/O2[]H#H.]^W]#[TN_:`Z#O?M
M_0^]+OV@.@[W[?T/O2[]H#H.]^W]#[TN_:`Z#O?M_0^]+OV@.@[W[?T/O2[]
MH#H.]^W]#[TN_:`Z#O?M_0^]+OV@.@[W[?T/O2[]H#H.]^W]#[TN_:`Z#O?M
M_0^]+OV@.@[W[?T/O2[]H#H.]^W]#[TN_:`Z#O?M_0^]+OV@.@[W[?T/O2[]
MH#H.]^W]#[TN_:`Z#O?M_0^]+OV@.@[V[?T/O2[]H&;4M,A.S29;C;L@JI-)
MQ;2#0E2M</$R29F9%[&)^Z+78L6[U65;ZHM;H[;!T]@VT.4QQ:DIR"P(U$^6
M)X=?`O<$]T'>_;^A]Z7?M`=!WOV_H?>EW[0'0=[]OZ'WI=^T!T'>_;^A]Z7?
MM`=!WOV_H?>EW[0'0=[]OZ'WI=^T!T'>_;^A]Z7?M`=!WOV_H?>EW[0'0=[]
MOZ'WI=^T!T'>_;^A]Z7?M`=!WOV_H?>EW[0'0=[]OZ'WI=^T"L:HT:ZT6555
M3ZQ27HQ(1EMLTUQM:BUQ.8E&\9$?LX&(>0B:Y<]N(ITAAB4=0=R''V3=07]G
M>QQ22DF>;'KD+_T'>W;^A]Z7?M`=!WOV_H?>EW[0.+L.]M;7C7Z)ADG_`.DN
M]CA`QTB6>IM")M24N=!Q<E2BQ(CRV\#,NN6/6&R]"7KE8[/4/)RMS8EW<QX0
M,>8)9:G<PG5$I90IF4:2P(SQ=Q,BSX#5Z;$O0Z=$-%>HA)UE&!'27#,NE+_W
M`[/0=[]OZ'WI=^T!T'>_;^A]Z7?M`=!WOV_H?>EW[0'0=[]OZ'WI=^T!T'>_
M;^A]Z7?M`=!WOV_H?>EW[0(ZA-55K5!J":O,B2GCI$<TKC1E,)).O/9C)2UX
MG[.)>X/A!8K[MWW:=(J5/BM%)C$I,J$M\S5T,WG(TNHP+##-@?NCEK-<:OVW
M]F*A!E$<.=K?0L-3&2?H&..4XO'_`(#6:X[?MP;#U"#%(H<'7"E0U/Y1^C88
M9+B,/^1QFL5]J[[2.KU*GRFCDR22F+"6P9*Z&<SF:G5XEACFP+W1]*LU5G=4
M9!4B;#BNE1CRU2HJGR,M?S8$E:,/=SB4Z#O?M_0^]+OV@.@[W[?T/O2[]H#H
M.]^W]#[TN_:`Z#O;M_0^]+OV@1%CHG%0G"?D,+>*H3R6I#)I2I71;V)D64>!
M8];$QPU1'Y<:H4E$5"UMNN9:F(B65/O*)QO*Q2OIE(UO+_(SY63CF%IM5,]%
M`AIJ3:FY))/%*TI2LDY1Y.42.E)63DY63FQQP$N`JNJ9O*J7[KG4"U$`````
M``````````````````````'N#%8OJBO\;SN<,:/J=[PK:XLC\VD6,```````
M%0U5=X%9[DGG$BI1]^5L<8/>+/#7`'![\TO]D_F'GIKUNJ?P6)X;8]#];WQY
M\3ZW\_@DWPG1O-*ZF0^X(\$AVP```59CUR9W$T?GW@MO?5>'"X_BK85C?[;7
M!)WT`4??[<O!(/TX7)OJL_A<CQ5P<?UF?P7Z<6L``4RSNI$CC.H>./"L:K]2
MILUR)1VZS!U]M2^B(;SL9"#S),B=<<6E;68\2-O.>?V!?K+0RW:M*1'Z$UI+
M"23T'*5):P_TNJSK+V3$X`JNJ9O*J7[KG4"U$```````````````````````
M````'N#%8OJBO\;SN<,:/J=[PK:XLC\VD6,``````=2IU*G4J*<NISHT.,2B
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MP`!3+.ZD2.,ZAXX\.CJ@S':=6*9-II.KJ2&5H-'0K;[9-..-HQ42W6\%99H(
MC2K<QQ+#.4WJ>(2W:%/;)#Z#3KI+2_DDM*]=7E$9)Z5)Y6/2D9DG<Q/#$68!
M5=4S>54OW7.H%J(```````````````````````````/<&*Q?5%?XWG<X8T?4
M[WA6UQ9'YM(L8``````H^JH1'2J.1EB6S$7=]TQ6Z*E)7U;F"2+I)FX6'_32
M+;JJ[P*SW)/.)%2C[\K8XP>\6>&N`.#WYI?[)_,//37K=4_@L3PVQZ'ZWOCS
MXGUOY_!)OA.C>:5U+A]P1X)#(9E1K\F17Y";GJL<H\Z6TTTR;1(0EM1DDB(V
MS/K=D:G:DE^;:]&F2G#<D/P6'7%F6&4I3:3,_A,9Q)WXW1P]KQ9D6W4JWC0.
MZR?&'!<`%68]<F=Q-'Y]X+;WU7APN/XJV%8W^VUP2=]`%'W^W+P2#].%R;ZK
M/X7(\5<'']9G\%^G%K``%,L[J1(XSJ'CCPZ.J:^33E-*3!87!7BAZ0["5(Z5
M2VTK;+)_(Q0:E&9[N01%GSBQV0DDVM3D%"1$2E!DEI#2FDFDE'@LD*Q4G*+!
M6!F9EE9\XGAUHT^#*??CQID=YZ.K)>;;=2I31]A1$>)'[HKVJ9O*J7[KG4"U
M$```````````````````````````'N#%8OJBO\;SN<,:/J=[PK:XLC\VD6,`
M`````4?53ZET?CB+\YBN4;?U;?[$SFTBV:JN\"L]R3SB14H^_*V.,'O%GAK@
M#@]^:7^R?S#STUZW5/X+$\-L>A^M[X\^)];^?P2;X3HWFE=2X?<$>"0QO]&Y
MN,JAX:AJ5D;S+?XMC<TD9_)WXW1P]KQ9D6W4JWC0.ZR?&'!<`%68]<F=Q-'Y
M]X+;WU7APN/XJV%8W^VUP2=]`%'W^W+P2#].%R;ZK/X7(\5<'']9G\%^G%K`
M`%,L[J1(XSJ'CCPAZJQ'?KU377:!<D]:7R3$=AZZ33;)(1AD&AQ.!Y649JW<
M>OF(7&T%3U6W`.IE)*42#)7118.X$HR3E_ZLG#'V1-&,KU.Z;4(E=B+D1I):
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M]%O8G@6YCV!WKSK\VDU&GQ&)<2`S(;=6J3(A.RB-2321()+:DY.91GB9];`A
M8:%*5-I$24N4S*4XV2C>994RA?LDA1F:?<,S$@`JNJ9O*J7[KG4"U$``````
M`````````````````````'N#%8OJBO\`&\[G#&CZG>\*VN+(_-I%C`4VOWL=
M*K;U(CT*9/<89;=<<:=:0DB7E8%TZB,SZ0Q+6I7T7%3WI:83T-;,AR.XR\I*
ME)4@\#SI,R,L_9$X```"CZJ?4NC\<1?G,5RC;^K;_8F<VD6S55W@5GN2><2*
ME'WY6QQ@]XL\+SJA[PKEXLD<VH9U+4HY%!(U&9;+P>O_`+A#97?S*_V3^8>>
MFO6ZI_!8GAMCT/UO?'GQ/K?S^"3?"=&\TKJ7#[@CP2&-_HW-QE4/#4-2LC>9
M;_%L;FDC/Y._&Z.'M>+,BVZE6\:!W63XPX+@`JS'KDSN)H_/O!;>^J\.%Q_%
M6PK&_P!MK@D[Z`*/O]N7@D'Z<+DWU6?PN1XJX./ZS/X+].+6``*99W4B1QG4
M/''A$ZHM2IS=0A*FNM38+6NLNP$U'H11/X(4E>.*27@E6&!GFRR,B/K6JQS>
M.U::I^6F4I39J)U+YOEDFHS2G7#SKR4X)RCSGACUQ/@*KJF;RJE^ZYU`M1``
M````````````````````````#+9.J16FX4^H,VW"7$BJD8&NI*2M26E+29Y.
MM&1&>0>;'KC3(KW1$5I_)R=<0E>&.YB6(QN+ZHK_`!O.YPQH^IWO"MKBR/S:
M18P&47%O^K7`H?SO"?U+.I58XXE?.0O````*/JI]2Z/QQ%^<Q7*-OZMO]B9S
M:1;-57>!6>Y)YQ(J4??E;'&#WBSPO.J'O!N7BR1S:AG,KU30.-X/.$-F=_,K
M_9/YAYZ:];JG\%B>&V/0_6]\>?$^M_/X)-\)T;S2NI</N"/!(8W^C<W&50\-
M0U*R-YEO\6QN:2,_D[\;HX>UXLR+;J5;QH'=9/C#@N`"K,>N3.XFC\^\%M[Z
MKPX7'\5;"L;_`&VN"3OH`H^_VY>"0?IPN3?59_"Y'BK@X_K,_@OTXM8``IEG
M=2)'&=0\<>$!=D6IE6I<EEZI:RX[DI3':JB\,$),\S+R489\QI21&>/7(Q?+
M7)TK?@$\;QN:T64;R74KQ]DG5*61_M&9B6`575,WE5+]USJ!:B``````````
M````````````````,>?W]YM<]RI<Z\-UI74N'W!'@D,@B^J*_P`;SN<,:/J=
M[PK:XLC\VD6,!E%Q;_JUP*'\[PG]2SJ56..)7SD.5VW55J57F*32Z?"D&N(<
ME:Y3ZV\"RR1@62A6.Z._9%P3:]&J)U")'C2(4OH<RCNJ<0KT-"R/%22/]/#<
MZPLX``H^JGU+H_'$7YS%<HV_JV_V)G-I%LU5=X%9[DGG$BI1]^5L<8/>+/"\
MZH>\&Y>+)'-J&<RO5-`XW@\X0V9W\RO]D_F'GIKUNJ?P6)X;8]#];WQY\3ZW
M\_@DWPG1O-*ZEP^X(\$AC?Z-S<95#PU#4K(WF6_Q;&YI(S^3OQNCA[7BS(MN
MI5O&@=UD^,."X`*LQZY,[B:/S[P6WOJO#A<?Q5L*QO\`;:X).^@"C[_;EX)!
M^G"Y-]5G\+D>*N#C^LS^"_3B=J]5I]&A*G5*2F/')24&M1&?3*/`BP(C,S,S
MP$?2;LM^KS2@4^HH=E&A3A-FVM)FDL,3+*(L<,2^$3P"F6=U(D<9U#QQX4&_
MT6B=VS2CT^7LX9IZ(D2D&<$U9)891+2K'-A^;3C[(U6S,DK6I>24(BU@LT)M
M;;/_`.B5],1>[G$X(V!7*149LF#"GLOR8YF3C:#SE@>2>'9P/,>&.!YCSB&U
M3-Y52_=<Z@6HC+LC]Q+LAB79#$NR&)=D,2[(8EV0Q+LAB79#$NR&)=D,2[(8
MEV0Q+LAB79#$NR&)=D,2[(8EV0Q+LAB79#$NR&)=D,2[(8EV0Q+LAB79#$NR
M&)=D,2[(8EV0Q+LAB79#$NR&)=D,2[(8EV0Q+LAB79'X9EV1@#^\VN>Y4N=>
M&Z4HRV+AY_\`H(\$AD,7U17^-YW.&-&U.S+:%;7%D?FTBR8EV0Q+LC)[AW_5
MK@4/Z86#4LZEUCCB5\Y"'O7?\QQ.?/D)34O_`+S<:EXLP+YB79#$NR&)=D,2
M[(H^JGU+H_'$7YU"N4;?U;?[$SFTBV:JI^D"L]R3SB14H^_*V.,'O%GA>-4,
M_2%<O%DCFU#.I7JF@<;P><(;*Z9:RO/^B?S#SVUZW5/X+$\-L>A\2P]\>?$^
MM_/X)-\)T;Q2C+8N'G_Z"/!(8Y^C<W&50\-0U*R#+:9;_%L;FDC/Y._&Z.'M
M>+,BV:E6\:!W63XPX+CB79#$NR*LQZY$[B:/S[P6WOJO#A<?Q5L*QO\`;:X)
M.^@"C[_+EX)!^G"Y-]5G\+D>*N#C^LS^"_3CG?9_V.D<<P>?2/RK[_+9X).^
M@%IQ+LAB79%+L[J1(XSJ'CCPNF``8SC4_H]=I,R'$E-S4L1(KS,I<I3:FEN&
MX1MFQD],1&1*,\<,>EQQ46([6JQ2W9-M3IB*Q4(Z$(:2<9E2":7Z*G.9&@SQ
MS]8^L0E=JTL\3VY7'N_YK'F@VJR],KC_`)K'F@VJR],KC_FL>:#:K+TRN/\`
MFL>:#:K+TRN/^:QYH-JLO3*X_P":QYH-JLO3*X_YK'F@VJR],KC_`)K'F@VJ
MR],KC_FL>:#:K+TRN/\`FL>:#:K+TRN/^:QYH-JLO3*X_P":QYH-JLO3*X_Y
MK'F@VJR],KC_`)K'F@VJR],KC_FL>:#:K+TRN/\`FL>:#:K+TRN/^:QYH-JL
MO3*X_P":QYH-JLO3*X_YK'F@VJR],KC_`)K'F@VJR],KC_FL>:#:K+TRN/\`
MFL>:#:K+TRN/^:QYH-JLO3*X_P":QYH-JLO3*X_YK'F@VJR],KC_`)K'F@VJ
MR],KC_FL>:#:K+TRN/\`FL>:#:K+TRN/^:QYH-JLO3*X_P":QYH-JLO3*X_Y
MK'F@VJR],KC_`)K'F@VJR],KC_FL>:#:K+TRN/\`FL>:#:K+TRN/^:QYH-JL
MO3*X_P":QYH-JLO3*X_YK'F@VJR],KC_`)K'F@VJR],KC_FL>:#:K++^^5Q_
MS6/-#(\@VK'K#9N+=-#=12:W#+*7@X\6)X89S&I4VUY:J=%5MPN%.+*#P)UC
M`NE+_:%"I3*HY5EA3[LA3=4FI-UXR-:\'#SJP(BQ]PB%IL:VY3]EV^^FZZ\P
MERGL*)IIUDD(Q068L6C/`O9,QUJG-I-,J+]-DWS=RI4<TDZEB-KQ(,TDHB-2
M(YEC@9'ACUQ,46E(K=,8J=-O>Y78CV.0I2FD&>"C2>*5,D99R,LY"HS(+E/O
M.M1W*C,G*Z%AJUZ6I)K_`.MFZ5*2PS=CKB2L&AR*A%K,ANXJO!3LM)+68BVB
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M?-MRH]EW`^JZZ\\ENGOJ-IUUDT+P;,\#P:(\#]@R%6JS*I!49A+[L=3E4A))
MUDR):/1"SIQ(RQ]TC&B.6M+)I1[<;B_)/_JL=CN0R`DFO4VA():D&J'%3E)W
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M)2DL/>'7AT=^I7A=CC5=JE/),F,DT0UMI2K^S-YSRD*/'/\`\#F5)>IE_6^;
MM:J51UR'-(BF+;5D8:SN9*$_\X@=)>J=_7`;5:J5.UN'"(RAK;22\=>W<I"M
MSV,!PF4=^FWA:;CM=JE0)<F0DD3%MJ2G^S.'B62A)XYO^1]*Q3G:EJC-MM56
M=3S11C,UPU()2O1]P\I*LWN#KW/0I$`J+(<N.L34IK$(M9E.-&@\7DEGR6R/
M-N[H[UV07*A>-LQVZA+@JZ&G*UZ(I)+W&<W3)46&?L=8=[:K+TRN/^:QYH-J
MLO3*X_YK'FA$V/$6U0EM'-DNFBH3TFXX:34O"6Z6)X$18F+\``*KJF;RJE^Z
MYU`M1``````````````````````````&//[^\VN>Y4N=>&ZTKJ7#[@CP2&01
M?5%?XWG<X8T?4\W@VUQ9'YM(HTDSVXW1G_\`SVO%F1;-2K>-`[K)\8<%8N+?
M]6N!0_G>$_J6=2JQQQ*^<A#WKO\`F.)SY\A*:E_]YN-2\68%\``%'U4^I='X
MXB_.8KE&W]6W^Q,YM(MFJKO`K/<D\XD5*/ORMCC![Q9X7G5#W@W+Q9(YM0SF
M5ZIH'&\'G"&S._F5_LG\P\]->MU3^"Q/#;'H?K>^//B?6_G\$F^$Z-YI74N'
MW!'@D,;_`$;FXRJ'AJ&I61O,M_BV-S21G\G?C='#VO%F1;=2K>-`[K)\8<%P
M`59CUR9W$T?GW@MO?5>'"X_BK85C?[;7!)WT`4??[<O!(/TX7)OJL_A<CQ5P
M<?UF?P7Z<<[\]1TCCF#SZ1^5??Y;/!)WT`M("F6=U(D<9U#QQX7,``575,WE
M5+]USJ!:B`````````````````````````<-=;_S$_".9CS^_O-KGN5+G7AN
MM*ZEP^X(\$AD$7U17^-YW.&-'U/-X-M<61^;2*+)WXW1P]KQ9D6W4JWC0.ZR
M?&'!6+BW_5K@4/YWA/ZEG4JL<<2OG(0]Z[_F.)SY\A*:E_\`>;C4O%F!?``!
M1]5/J71^.(OSF*Y1M_5M_L3.;2+9JJ[P*SW)/.)%2C[\K8XP>\6>%YU0]X-R
M\62.;4,YE>J:!QO!YPALSOYE?[)_,//37K=4_@L3PVQZ'ZWOCSXGUOY_!)OA
M.C>:5U+A]P1X)#&_T;FXRJ'AJ&I61O,M_BV-S21G\G?C='#VO%F1;=2K>-`[
MK)\8<'&6Y<%3NNJ4ZGUQ-.C0HT99)*&AXUJ<US$S-1_Z"$A94V?-IDHJE)3)
MD1I\F*;R6R;RTMNFDCR2S$>!#X,>N3.XFC\^\%M[ZKPX7'\5;"L;_;:X).^@
M"C[_`&Y>"0?IPN3?59_"Y'BK@X_K,_@OTXYWYZCI'','GTC\J^_RV>"3OH!:
M0%,L[J1(XSJ'CCPN8``JNJ9O*J7[KG4"U$````````````````````````.I
M5<U,F8?Y*_!,>=DT:D-653YK=+AHE%&AN$\EE)+)1J:Q/'=QSGG'I/K>^,`?
MWFUSW*ESKPW6E=2X?<$>"0R"+ZHK_&\[G#&CZGF\&VN+(_-I%%D[\;HX>UXL
MR+;J5;QH'=9/C#@K%Q;_`*M<"A_.\)_4LZE5CCB5\Y"'O7?\QQ.?/D)34O\`
M[S<:EXLP+X``*/JI]2Z/QQ%^<Q7*-OZMO]B9S:1;-57>!6>Y)YQ(J4??E;'&
M#WBSPO.J'O!N7BR1S:AG,KU30.-X/.$-F=_,K_9/YAYZ:];JG\%B>&V/0_6]
M\>?$^M_/X)-\)T;S2NI</N"/!(8W^C<W&50\-0U*R-YEO\6QN:2,_D[\;HX>
MUXLR+;J5;QH'=9/C#@^](W^7-P2#]./VP_4=7XYG<^H?C'KDSN)H_/O!;>^J
M\.%Q_%6PK&_VVN"3OH`H^_VY>"0?IPN3?59_"Y'BK@X_K,_@OTXYWYZCI'',
M'GTC\J^_RV>"3OH!:0%,L[J1(XSJ'CCPN8`.@S5J<_5Y-'9E(7/BM(>>93B9
MMI69Y.)[F)Y)YMWK]<A!ZIF\JI?NN=0+40_0````````````````````$!?%
M7E4.U:E58*6528[9&V3R34C$U$6<B,C,L_9(5&%=-U-U^D0Y\BDOQ9DSH9PF
M8;C:R+6UJQ(S=46Z@NMUQII'F`=2J]3)G<%^"8P9?K?P."0O":'H/K>^,`?W
MFUSW*ESKPW2E=2X?<$>"0R&+ZHK_`!O.YPQHVIYO"MKBR/S:11I._&Z.'M>+
M,BVZE6\:!W63XPX*Q<6_ZM<"A_.\)_4LZEUCCB5\Y"'O7?\`,<3GSY"4U+_[
MS<:EXLP+X``*/JI]2Z/QQ%^=0KE&W]6W^Q,YM(MFJKO`K/<D\XD5*/ORMCC!
M[Q9X7C5#WA7+Q9(YM0SJ5ZIH'&\'G"&RN_F5_LG\P\]M>MU3^"Q/#;'H?K>^
M//B?6_G\$F^$Z-XI74N'W!'@D,<_1N;C*H>&H:E9&\RW^+8W-)&?R=^-T</:
M\69%MU*MXT#NLGQAP?>C[_+FX)!^G'[8GJ.K\<SN?4/QCUR9W$T?GW@MO?5>
M'"X_BK85C?[;7!)WT`4??Y<O!(/TX7)OJL_A<CQ5P<?UF?P7Z<<[[]1TCCF#
MSZ1^5??Y;/!)WT`M("EV=U(D<9U#QQX70`/<S"CVK:U7HES2)LJH1YD9Z$E#
MCY,:VZ\\;RUJ4KISS]-[F&!$1$D?+58I#4NVITY4VH-K;0T@FF9:VVC]%3G-
M!'@9Y]T_8[`E=IT0\3V;N(L_;A_ZP;38O;NX^_#_`-8-IL7MW<??A_ZP;38O
M;NX^_#_U@VFQ>W=Q]^'_`*P;38O;NX^_#_U@VFQ>W=Q]^'_K!M-B]N[C[\/_
M`%@VFQ>W=Q]^'_K!M-B]N[C[\/\`U@VFQ>W=Q]^'_K!M-B]N[C[\/_6#:;%[
M=W'WX?\`K!M-B]N[C[\/_6#:;%[=W'WX?^L&TV+V[N/OP_\`6#:;%[=W'WX?
M^L&TV+V[N/OP_P#6#:;%[=W'WX?^L&TV+V[N/OP_]8-IL7MW<??A_P"L&TV+
MV[N/OP_]8-IL7MW<??A_ZP;38O;NX^_#_P!8-IL7MW<??A_ZP;38O;NX^_#_
M`-8-IL7MW<??A_ZP;38O;NX^_#_U@VFQ>W=Q]^'_`*P;38O;NX^_#_U@VFQ>
MW=Q]^'_K!M-B]N[C[\/_`%@VFQ>W=Q]^'_K"L:HUL1X5EU24BJUMY3:$*)#]
M3><0?HB=U)JP,O=$-48J9M;M^*MY]I+E5(C6PZIM9>A/'F4G.6YUA?RLV+AU
M;N/OP_\`6'[M-B]N[C[\/_6'5J5GQ44Z6K9JX3P96>!U=\R_)/\`U#*WTZYJ
M=PT&:DDN%$3BD\#+$VMP^L8U[:=$QQV:N+=W-EW_`*PR,FR9L>L-$I:R;;J*
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M&.*"$;9M+JDNYY%*JMVUZ:P4`I*#*:XR:5:Z:?T59RP$K?MO,4R+1I+=2J\A
M6RT9.1+J#KR,YJ_149EB(MJ`BHW?;L5R1*8292U9<5]3*\S:?TDF1X"8U1K8
MCPK+JDI%5K;RFT(42'ZF\X@_1$[J35@9>Z(B3#1/N:W(BWY+*5U!W%R,\IIP
ML([QYE)SEN"P7S:D:-95P2$UBO.&W3WUDAVJO+0K!LSP-)JP,O8,5:K,)E%1
MHRG'6TNU2$DULK-"TXN%G2HLY'[)#1'+.BDTH]F[B_)/_P!7?['[0R`D$O4V
MA-FI1$J'%3BD\#+%;98D?6/V1L6TZ)CCLU<6[N;+O]G]H9"PC6]3N8@C4HD0
MIB<5'B9X&[NGUS&J4VSXJZ=%5LU<)8LH/`JN^1?DE_J&>Q&$Q8EP1TN.N):J
M$])+>6:UJP6K.I1YS/V3%SM"THS]IT-XZQ7T&NGQU&ENJO)26+:<Q$2L"+V!
M68\-$"Y;DB(?DO)14&\')+RG7#QCLGG4K.>Z)C4[MF//M*)+75:VRIQZ29MQ
MZDZTV7]H<W$I/`O>$S:5/;IEY7-&;DS)">AH*LN5(4\O/KV;*49GAFW!T+8M
MR/4BK4IRIUAA2JQ-+(BU%UE!8/*+,E)X$.[0:8W2M4&HL-2YTDETB.HU3)*W
MU%Z,]F(U&9D7L#KPZ$S5;PNQUV?5(QHDQTDF'.<82?\`9FSQ,DF1&>?=',J*
MS2;^M\VIU2DZY#FD?1DQQ_)PUG<RC/#W@.BLU:_K@-V=4HVM0X1%T',<8RL=
M>W<DRQ]\<)E"9I5X6FZW4*I)-<F0DTS)SCZ2_LSAXD2C,B/-NCZ5BE-575&;
M:=ESHQ(HQJ)4.4MA1^C]<TF6)>Z.O<]N,4TJ+*;J=8?4FL0BR)51=>0>+R2S
MI49D8[UV4]NIWC;,9R3+CIZ&G*RXDA3*\Q,YLI)D>&?<'>VFQ>W=Q]^'_K!M
M-B]N[C[\/_6$38\)#-!6R3\E9-U">DE./*4H\);Q8F9YS/V1?@`!5=4S>54O
MW7.H%J(`````````````````````%0U5=X%9[DGG$BG*WS6UQL7,O#3[@G.4
MN@5.I-(2MR)$=?2E6XHTH-1$?L9AGD.\[L3)I"IJ:(N--EQV'$LLO)6DG3(L
M2,UF6)8]@:35>I<SN"_!,8,OUOX'!(7A-#T'UO?&`/[S:Y[E2YUX;K2NI</N
M"/!(9!%]45_C>=SAC1]3S>#;7%D?FTBBR=^-T</:\69%MU*MXT#NLGQAP5BX
MM_U:X%#^=X3^I9U*K''$KYR$/>N_YCB<^?(2FI?_`'FXU+Q9@7P!0]5#^[/&
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MMK@D[Z`*/O\`;EX)!^G"Y-]5G\+D>*N#C^LS^"_3CG?GJ.D<<P>?2/RK[_+9
MX).^@%I`4RSNI$CC.H>./"Y@`"JZIF\JI?NN=0+40```````````````````
M``*AJJ[P*SW)/.)%.5OFMKC8N9>&AWMO+N#BV3S2AEOZ-L\94_PTC9*IU+F=
MP7X)C!E^M_`X)"\)H>@^M[XP!_>;7/<J7.O#=:5U+A]P1X)#((OJBO\`&\[G
M#&CZGF\&VN+(_-I%%D[\;HX>UXLR+;J5;QH'=9/C#@K%Q;_JUP*'\[PG]2SJ
M56..)7SD(>]=_P`QQ.?/D)34O_O-QJ7BS`F[GNF);KT)A^#/F/3-<-MN&VE1
MD2"(U&>4HL/RB'Y;-UQ+AE3(K,"H0WXB&W%HF-I29I6:B299*E8_D*$+JH?W
M9XU/Q9\1=D[_`)_B@N?,3&JGU+H_'$7YS%<HV_JV_P!B9S:1;-57>!6>Y)YQ
M(J4??E;'&#WBSPO.J'O!N7BR1S:AG,KU30.-X/.$-F=_,K_9/YAYZ:];JG\%
MB>&V/0_6]\>?$^M_/X)-\)T;S2NI</N"/!(8W^C<W&50\-0U*R-YEO\`%L;F
MDC/Y._&Z.'M>+,BVZE6\:!W63XPX*Q<._P"K7`H7SO"Q:EF]Z7QI-Y]0[C'K
MDSN)H_/O!;>^J\.%Q_%6PK&_VVN"3OH`H^_VY>"0?IPN3?59_"Y'BK@X_K,_
M@OTXYWYZCI'','GTC\J^_P`MG@D[Z`6D!3+.ZD2.,ZAXX\+F``*KJF;RJE^Z
MYU`M1````````````````````"*N*MQ+?IIU":A]QO74-)0PWEK4M:B2DB+K
MYS$50[UIM8JK=+;@U.+(<:6ZCHN*;:5$C)RL#QW>F(?+55W@5GN2><2*<K?-
M;7&Q<R\-#O;>7<'%LGFE#+?T;9XRI_AI&R53J7,[@OP3&#+];^!P2%X30]!]
M;WQ@#^\VN>Y4N=>&ZTKJ7#[@CP2&01?5%?XWG<X8T?4\W@VUQ9'YM(HLG?C=
M'#VO%F1;=2K>-`[K)\8<%8N+?]6N!0_G>$_J6=2JQQQ*^<A#WKO^8XG/GR$I
MJ7_WFXU+Q9@=75'WS6SW&;X+0_-3S?;7^`PO#D#MZJ']V>-3\6?$79._Y_B@
MN?,3&JGU+H_'$7YS%<HV_JV_V)G-I%LU5=X%9[DGG$BI1]^5L<8/>+/"\ZH>
M\&Y>+)'-J&<RO5-`XW@\X0V9W\RO]D_F'GIKUNJ?P6)X;8]#];WQY\3ZW\_@
MDWPG1O-*ZEP^X(\$AC?Z-S<95#PU#4K(WF6_Q;&YI(S^3OQNCA[7BS(MNI5O
M&@=UD^,."L7#O^K7`H7SO"Q:EF]Z7QI-Y]0[C'KDSN)H_/O!;>^J\.%Q_%6P
MK&_VVN"3OH`H^_VY>"0?IPN3?59_"Y'BK@X_K,_@OTXYWYZCI'','GTC\J^_
MRV>"3OH!:0%,L[J1(XSJ'CCPN8`*]1;MI58G=!Q"DI-Q"W([KK"D-RD(425*
M:4>91$9E[QD98EG'5U3-Y52_=<Z@6HC'[C[OP!C[OP!C[OP!C[OP!C[OP!C[
MOP!C[OP!C[OP!C[OP!C[OP!C[OP!C[OP!C[OP!C[OP!C[OP!C[OP!C[OP!C[
MOP!C[OP!C[OP!C[OP!C[OP!C[OP!C[OP!C[OP!C[OP"BZH%8K,&IT6!2)Z(1
M2TR%NN*CI>,];)&!$1F6'Y1CC8-8K<RLU>G5>H(FICQX[S2TQDLF1K4Z1D9)
M,\?R"%\Q]WX`Q]WX!2M5/>]$XTA<^D5VWM_U%X%-^=D6?55/T@5GN2><2*>K
M?-;7&Q<R\-#O8_27<'%LGFE#+?T;9XRI_AI&QU0__*YG<%^"8P=?K?P."0O"
M:'H/'YQ@#^\RN>Y4N=>&Z4H__*X?<$>"0R&+ZHK_`!O.YPQHVIX?I"MKBR/S
M:11I._&Z.,&O%F1;-2H_2-`[K)\8<%8N'?\`5K@4/Z86#4LZEUCCB5\Y"'O7
M?\QQ.?/D)34O_O-QJ7BS`ZNJ/OFMGN,WP6A^:GN^VO\``87AR!V]5#^[/&I^
M+/B+LK?\_P`4%SYB8U4^I='XXB_.H5RC;^K;_8F<VD6O55/T@5GN2><2*G'W
MY6QQ@]XL\+QJAGZ0KEXLD<VH9U*]4T#C>#SA#973]!7^R?S#SVUZW5/X+$\-
ML>A\<WOCSXGUOY_!)OA.C>*4?_E</N"/!(8Y^C<W&50\-0U*R#])EO\`%L;F
MDC/Y._&Z.,&O%F1;-2H_2-`[K)\8<%9N'?\`5K@4+YWA8M2S>]+XTF\^H=QC
MUR)W$T?GW@MO?5>'"X_BK85C?[;7!)WT`4??Y<O!(/TX7)OJL_A<CQ5P<?UF
M?P7Z<<K[]1TCCF#SZ0J^_P`MG@D[Z`6G'W?@#$4NSNI$CC.H>./"Z`![F84Z
MUJ/6H]354:_&BNS5-K04EJ8I:&$&HCUIIK6TDA.8L3Q-1Y)8F>;#I:K%!I4Z
MVYU2E1=<EM-M-H<UQ18)UU.;`CPZY]82FT&TSQ/8KK_]P[]8-H%I]JOZAWZP
M;0+3[5?U#OU@V@6GVJ_J'?K!M`M/M5_4._6#:!:?:K^H=^L&T"T^U7]0[]8-
MH%I]JOZAWZP;0+3[5?U#OU@V@6GVJ_J'?K!M`M/M5_4._6#:!:?:K^H=^L&T
M"T^U7]0[]8-H%I]JOZAWZP;0+3[5?U#OU@V@6GVJ_J'?K!M`M/M5_4._6#:!
M:?:K^H=^L&T"T^U7]0[]8-H%I]JOZAWZP;0+3[5?U#OU@V@6GVJ_J'?K!M`M
M/M5_4._6#:!:?:K^H=^L&T"T^U7]0[]8-H%I]JOZAWZP;0+3[5?U#OUA3;MM
M^D4.Z+?52XFL&\Q,)?HBU8D1-8?E&86O0*37+MK.RD37]9@Q-;]$4G#%;^/Y
M)EV"%RV@6GVJ_J'?K!M`M/M5_4._6%7OZTZ!2:5!FT^!K,A-3AD2]=<5@1O)
M(\QJ,MPQ&1*5`K%Z46)46->8Z%F+R<M2<Y:S@>*3(^N8E-46S;<IUF52;#IV
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M=I["UJU]PL5&@C,\"5@("-`B4RY+D@P6M:C-U!O(1E&K#&.R9YS,SW3$MJ>6
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MX>"B09D>!J%8JT9F8FC1)*,MAZJ0D.)Q,L2-PL2Q+.-"<L&TR:4>Q6?)/_\`
M(=['[0R$FT.:FL)I98H7#BI479(UMD8V':%:F.5L5GQQ]4.]G]H9&PA+6IW+
M;;+!#<*6E)=@B-TB&I4ZP[573HJU4K%1LH,SU]W_``E_J&?PXS,*'<$6,C(9
M9J$]#:<3/`B6K#.><7&T+'M>3:=#D/4S*=<@1UK5K[A8F;:3,\RA6XT")3+D
MN2#!:UJ,W4&\A&4:L,8[)GG,S/=,2VIY9]NU.TXLZ;3M=D.O236O7G$XGK[A
M;A*(A%RZ5`H]YUJ'3F-98Z%AKR<M2LYZ\1GBHS/K$).P;3H%6I4Z;4(&O2%U
M.82EZZXG$B>419B41;A"9M^C4ZB:H-1CTR/K#2Z3'6I.6I6)Z\\6/3&8Z\2V
MZ+6[PNQ^IP]?<;DQD)/7%IP+H9L\.E,NR8Y(M^D4._J`JEQ-8-Z'-)?HBU8D
M6LX?E&8_5V_2*Y?U?55(FOFS#A$CT1:<"/7L?R3(<)=MT6B7A:;],AZPXY)D
M(4>N+5B70SAX=,9]@A]*S1:;6]49MFIQM?;;HYJ066I.!F__`*3(=:YK3H%)
MV%FT^!K,A%8A$E>NK5AB\DCS&HRW#'?NZEP*Q>-LQ*BQKS'0TY>3EJ3G(F2(
M\2,CZYCN[0+3[5?U#OU@V@6GVJ_J'?K"+L:GQ(]!7'9:R6FJA/0A.49X$4MX
MB+=%^``%5U3-Y52_=<Z@6H@`````````````````9SJC[YK9[C-\%H?FI[OM
MK_`87AR!-W]6ZI1H]*3251$OS9O0ZER6E.)2G6G%XY*5)/'I"+=ZXC+1N.X)
MMSG2*N[3GF505R4*BQEM*2I+B4X'E+5B6"O8':U4][T3C2%SZ17;>W_47@4W
MYV1:-57>!6>Y)YQ(IRM\UM<;%S+PT.]MY=P<6R>:4,M_1MGC*G^&D;)5.I<S
MN"_!,8,OUOX'!(7A-#T'UO?&`/[S:Y[E2YUX;K2NI</N"/!(9!%]45_C>=SA
MC1]3S>#;7%D?FTBBR=^-T</:\69%MU*MXT#NLGQAP5BXM_U:X%#^=X3^I9U*
MK''$KYR$/>N_YCB<^?(2FI?_`'FXU+Q9@=75'WS6SW&;X+0_-3W?;7^`PO#D
M#MZJ']V>-3\6?$79._Y_B@N?,3&JGU+H_'$7YS%<HV_JV_V)G-I%LU5=X%9[
MDGG$BI1]^5L<8/>+/"\ZH>\&Y>+)'-J&<RO5-`XW@\X0V9W\RO\`9/YAYZ:]
M;JG\%B>&V/0_6]\>?$^M_/X)-\)T;S2NI</N"/!(8W^C<W&50\-0U*R-YEO\
M6QN:2,_D[\;HX>UXLR+;J5;QH'=9/C#@K%P[_JUP*%\[PL6I9O>E\:3>?4.X
MQZY,[B:/S[P6WOJO#A<?Q5L*QO\`;:X).^@"C[_;EX)!^G"Y-]5G\+D>*N#C
M^LS^"_3CG?GJ.D<<P>?2/RK[_+9X).^@%I`4RSNI$CC.H>./"Y@`"JZIF\JI
M?NN=0+40```/Q2DI+%1D1>R8_$K0H\$J(_<,<@`````1BZ_0T*4A=9IZ5)/`
MR.4@C(_A$DE25I)25$I)EB1D>)&0_0````&<ZH^^:V>XS?!:'YJ>[[:_P&%X
M<@=O50_NSQJ?BSXBK.]<%OB=WGVQ.:J>]Z)QI"Y](KMO;_J+P*;\[(M&JKO`
MK/<D\XD4Y6^:VN-BYEX:'>V\NX.+9/-*&6_HVSQE3_#2-DJG4N9W!?@F,&7Z
MW\#@D+PFAZ#ZWOC`']YM<]RI<Z\-UI74N'W!'@D,@B^J*_QO.YPQH^IYO!MK
MBR/S:119._&Z.'M>+,BVZE6\:!W63XPX*Q<6_P"K7`H?SO"?U+.I58XXE?.0
MA[UW_,<3GSY"4U+_`.\W&I>+,#JZH^^:V>XS?!:'YJ>[[:_P&%X<@=O50_NS
MQJ?BSXB[)W_/\4%SYB8U4^I='XXB_.8KE&W]6W^Q,YM(MFJKO`K/<D\XD5*/
MORMCC![Q9X7G5#W@W+Q9(YM0SF5ZIH'&\'G"&S._F5_LG\P\]->MU3^"Q/#;
M'H?K>^//B?6_G\$F^$Z-YI74N'W!'@D,;_1N;C*H>&H:E9&\RW^+8W-)&?R=
M^-T</:\69%MU*MXT#NLGQAP5BX=_U:X%"^=X6+4LWO2^-)O/J'<8]<F=Q-'Y
M]X+;WU7APN/XJV%8W^VUP2=]`%'W^W+P2#].%R;ZK/X7(\5<'']9G\%^G'._
M/4=(XY@\^D?E7W^6SP2=]`+2`IEG=2)'&=0\<>%S``%5U3-Y52_=<Z@6H@``
M`4#5;88E4V@QY++;S#E7:);;B<I*BUMT\Y=<05@4^!3[^R8$*/%2Y2'363+9
M()1D^WACANC0;MKNUZDE/*&N6M3[3"&4N$C*4XLDETQYBSF(.AWO*J%=ATF;
M;[D$Y2'5-N]%MNEB@B,R,DY]PQ=P`\Q8F.!.-F>!+2?OCF`&/.\6GT]RSI3S
ME/AK=-B6HW%1T&HSRG<^.&.(W2V-[=(X&SS:1*`,]JMXU]JX*I3*;2Z8XQ!>
M0SKDF4XA2S4TA>."4&1%T^&[UA9K-K+UP6Y$JLB.W'>=-Q*VVUFM*30XI&8S
M(C,NEQW!.`("O7;1*#,:A5%Z04EUHW4ML1'7CR"/#$\A)X9\V<=BW[BI5PMR
M'*6\ZLH[A-NI=86RI*C22B+)61'N&1BH:H^^:V>XS?!:'YJ>[[:_P&%X<@=O
M50_NSQJ?BSXBK.]<%OB=WGVQ.:J>]Z)QI"Y](KMO;_J+P*;\[(M&JKO`K/<D
M\XD4Y6^:VN-BYEX:'>V\NX.+9/-*&6_HVSQE3_#2-DJG4N9W!?@F,&7ZW\#@
MD+PFAZ#ZWOC`']YM<]RI<Z\-UI74N'W!'@D,@B^J*_QO.YPQH^IYO!MKBR/S
M:119._&Z.'M>+,BVZE6\:!W63XPX*Q<6_P"K7`H?SO"?U+.I58XXE?.0A[UW
M_,<3GSY"4U+_`.\W&I>+,#JZH^^:V>XS?!:'YJ>[[:_P&%X<@=O50_NSQJ?B
MSXB[)W_/\4%SYB8U4^I='XXB_.8KE&W]6W^Q,YM(MFJKO`K/<D\XD5*/ORMC
MC![Q9X7G5#W@W+Q9(YM0SF5ZIH'&\'G"&S._F5_LG\P\]->MU3^"Q/#;'H?K
M>^//B?6_G\$F^$Z-YI74N'W!'@D,;_1N;C*H>&H:E9&\RW^+8W-)&?R=^-T<
M/:\69%MU*MXT#NLGQAP5BX=_U:X%"^=X6+4LWO2^-)O/J'<8]<F=Q-'Y]X+;
MWU7APN/XJV%8W^VUP2=]`%'W^W+P2#].%R;ZK/X7(\5<'']9G\%^G'._/4=(
MXY@\^D?E7W^6SP2=]`+2`IEG=2)'&=0\<>%S`!7*!=<6M3$QVHDAEM]I;\-Y
MW)R932%DA2TD1XEG4G,K`S)1'V<.MJF*25EU,C46.#1X8_[J!7[IKMP(NV=3
M*;668,6-&8<))Q$.FI2S<QQ-1E_@(2%J7-.*V;AJ-9DHFN4J1((E-MI:-Q#;
M25X8$9ECG,A=(TII^.T^2DI)Q"5D1J+-B6/_`-CZ*>:2DU9:<Q8_E$*%6[VG
ME#MJ118T(CK$9<HRFN*P:2E"%9/2;I]/_P`#N65<U4J]3J=.JS5/0N*TPZVN
M(M9DHG#<+`\KKED?\B&O*L,UNW;6J;2#:0]6$&2%J(S+!#Z?_P"H^5GK05_H
M/+3AL.[UR_SVQW+YJS-5M@G6T&V4>OL13)2B/$VY1),_</#$1-'6C;U;AY2<
MR)G7_P!M(TJG5=B=,JD5)9!P))1U*-18+,VD.8E[R\/>$AKK?^8C_P"1"IW9
M6&9%'O"E(2:7(=)4Z;F46"M<:=P(O<R#^$98BD46(W0I46FP69"9]/,G6VTI
M46+S>.<O=,;<BL,*K[U&R<%M1$2C<RBR3)2UHP]W%'_(D==;_P`Q'_R(1[U6
M8;KD.CY.+DF.[(2X2BP(FU-I,O=/7"^`QB4)2=I,DLM./0TSKE_B=&L4BKLP
M:9:D!:#4J?'2VE1*+!&3'US$_>3A[XI,NNW-(JU;)BYEQ&(L]V.TRB(PHDI2
M2<,ZDXGNF+A1KE65J6M4)_H\JJIBM.*1@G!QU&)JP[&)'F(4Z2M&W&Z#RTX'
M/:ZY?]LR)RQ:LS2-3NF274ZX2YRF,E*B(R-V:ILC]PLK'W@NNYZ_$NAVE4B1
M2V8[4)F0I4J.IU2E+6XG`C2XG`B)!?".Q0[PE[4*Q6ZRB.\]39#[2BB)-M+B
M6S+`R)2E8'G[(B;U6G;ZP>61%L0KK_[Y#[6)-;@E><Y?3ICOMNFDE%BHDQ$'
MA_P/E>LUN?5K/G)+(2_#E.DE1EBDE(9,B/X1];`=0BZKA4:TX%`AGNE_CD#C
M>=49K%%LJJMIUM$R:A\D*41F@E17CP/X1\;/6C_Q`;/*3U'=+=_WVQV[UJ[-
M9LR#/:0;255F.WDJ41GTDO(,_?R#,1UO+1M]HQY2<"A3>N7^R):_*NU5;!N@
MFVS;Z$?5%5E*(\HT.(Q,O8SB`4M!W/;6"TG_`.;%UR_R7A<KFJ[,ZW;T@(0:
M50(3K:E&HL%FN-KA&7O*P]X9_E)R;9Z=/5*G]<O\:1J,JKLR7JW2DH-*X<-#
MBEFHL%$XES`B]S(/X1C*U)_\/X)92<>A(?7+_$T-PV89VP;":V>N="]%:YE%
MAAKF1AAV<1B3ZD[3:X64G'"I=<O\UX;'%K#$9ZATI2#4N9#6XE9*+!)-I;Q(
M_=RR^`9G%4DI-?Q6GJM.ZY?YABZV=5F(%G6-%6G+5/BL1TF2BZ0RC*<Q/^69
M>^*O)6C;C=!Y:?5[77+_`+9D35AU=FEV/02<;-PY=1=BIR5%TIKD.X&?L9A%
M7"M&WVLGEIP.%"Z_=AWK*J[-&MBM3W4&Z@JXZWDI41&>6ZV@C][+(Q\;U6G;
MZP>4GJ0KK_[Y#Z695&:/1;UJKJ=<1#FK?-"5$1K),5D\"^`?35$=0NX[862D
MX&Q-/=+_``M#Y6-);CW)<LA1D9-TZ(O`C+/@J08^E\5)JJ4FRZDV6MHE34/D
MA2BQ22XCRL#^$?"REIV^OGE)PV(3U_\`?,?:\ZNS6[1MJK-(-I$JIQ'20I1&
M:2,U9C$;1E(.^K<Z=/Y$SK_[:1.7U5F:OJ:UV2TDVR0XY'-*E$9XMR-;,_<,
MTX^^(*.M&W*V#RT]4'NN7_;/"SW=5V:E9%[LH0:#@QY4564HNG,F"5B7L=.1
M>\*7*6@Y-!Z=/5:%UR_S"&IQZRQ+J-6II(-"H*6LI9J+!>N(-18?`,.;4G_P
M[@%E)QZ%B=<O\;8W9FK,NUR71R3@Y&CLOFO*+!1.*<218=DM;/X2&&I4G:!/
M+*3CT),ZY?XG1LU.J[")=-HQI/7':;T43F4621)-"</=Z?\`X&792<FYNF3U
M2J'7+_&H7^UJPS#H=F4Q39J7.IJ,E9*+!&ML(4>/PBI25HVXW0>6GU>UUR_[
M9D3FIY5F:?:5MQ5IRE5"=*CI,E$609+?<Q/V,&S+WQ$7"M&WZLGEI]10NOW8
M25C59FE6P;KB#<*17WXI$E1%@;DHTD?N%CB)QAQ'_B/-5EIPV&CY\?\`?>$<
MW5V:+4KXJCB#=0S+B&:$*(C/&.RG_P"Q(UA:-OEM],G-$GD>?N`Z>R+5+N:\
MZFLM<1$ID1\T)41&HDID*P+X!V*U);D7#94@C)*7)#Z\#/<QB.'_`/8XR9"&
M-4)Z29DI+=!4LR(]TB?Q_P#H?&XZBU5+=MJI-EK:9=1IKY(4HC-)+=0HB/X1
MW*LM"K\MG!:3_LDXLQ]P'6K%S/2K$V;I3IPGWW&FVU*)*U-DJ0EHSP/,>8SW
M1P>V<I%=H"'[H?J$:;,7'=8>C,(+`F'5D9&A)&1XH(="U:LVS3I;1M*5DU2H
M%B1EG_MCPT8`%/M>UIM(GQ%RIK+T6FQ'8<)+:#):D+<2HU.&>;$B0E.;=SGU
M\"FJK;EOU>0F35:)3YSR4Y!.28R'%$G''#$RW,3,=+:/9F[M4HO(6_(&T>S-
M%*+R%OR!M'LW12C<B;\@;2+-T5HW(F_(&T>S-%*+F_\`8M^0-H]F%N6I1>0M
M^0-H]F;FU2B\A;\@;1[,T4HO(6_(&T>S-%*+R%OR!M'LS12B\A;\@;1[-T4H
MO(F_(&TBS=%:-R)OR!M'LS12B\A;\@;1K,T3HO(6_(&T>S=%*+R%OR!M(LW1
M6C<B;\@;1[-T4HW(F_(&T:S-$Z+R%OR!M'LS12B\A;\@;1[,T3HO(6_(&T>S
M-%*+R%OR!M'LS12B\A;\@;1[,PPVJ47#@+?D#:/9FBE%Y"WY`VCV9AAM4HN'
M`6_(&T>S-%*+R%OR!M'LS12B\A;\@;1[,T4HO(6_(&T>S.M:E%Y"WY`VCV9H
MI1>0M^0-H]F:*47D+?D#:/9FYM4HN'`6_(&T>S-%*+R%OR!M'LS12B\A;\@;
M1[,T4HO(6_(&T>S-%*+G_P#8M^0-H]F:)T7D+?D#:/9NBE%Y"WY`VC69HG1>
M0M^0-H]F[NU2BX\!;\@;1K,T3HO(6_(&T>S=%*+R%OR!M'LS1.B\A;\@;1[,
MS>E2BYMS^PM^0-H]F:*47D+?D#:/9FBE%Y"WY`VCV9HI1>0M^0-H]F:*47D+
M?D#:/9A[MJ47D+?D#:/9FYM4HO(6_(&T>S-%*+R%OR!M'LS12B\A;\@;1[,T
M4HO(6_(&T>S"W+4HO(6_(&T>S,,-JE%PX"WY`VCV9HI1>0M^0-H]F88;5*+A
MP%OR!M'LS12B\A;\@;1[,T4HN?\`]BWY`VCV9HG1>0M^0-H]FZ*47D+?D#:-
M9FB=%Y"WY`VCV;CCM4HN/`F_(&T:S-$Z+R%OR!M'LW12B\A;\@;1[,T3HO(6
M_(&T>S-%*+R%OR!M'LS12B\A;\@;1[,T4HO(6_(&T>S-%*+R%OR!M'LS12B\
MA;\@;1[-T4HO(6_(&T>S-%*+R%OR!M'LW12C<B;\@;1[,T4HO(6_(&T>S=%*
M+R%OR!M'LW12B\A;\@;1[,T4HO(6_(&T>S=%*+R)OR!M'LS##:I1<.`M^0-H
M]FZ*47D3?D$G#HU(@QD185,AQXZ,<EIIE*4IQ,S/`B+KF9G[XD```%<KMTMT
MF:<-%)J$YQ*&UN*BH0:6M<6:&R5E*(^F41EF(\-T\"$A0JKLM&>6N&_#DQWC
M8?CO9)J;61$>&*3,C(R4DR,CW#$F`B:S7(E(<;3*0X:5,/OFI!8X):22E9MT
MSP/-@.O;]>>J3[L2?2GZ;,2TB0AIUQ#F6THS(E8H,R(\2,C+K>R6<3P",K]4
M52*=T6B&[,<-YIE##2DI4M2UI06!J,B_2ZYD/G2KBI%3?.)'EI1.26*X3WH;
M[?9Q;5@KW\,.P8EP'RE2&HD9Z4^K)990IQ:L,<$D6)G\!"H-7R93669MNU*'
M%>0VZB2ZME1$VM9(2LTI6:B+*41'F,RQ+$L,3*Z``J[E]6TW)DQCE2E/1G#:
M>2BGR%Y"RW2,R;/V#]PR/KBSH42TI4G'`RQ+$L!^@*Q5;L3"J3E.C46I3W4.
M(8UQ@FR;UY:,M+9FI1&72YS5ADEB18XG@)BBU)%6IZ)B&'6%&I;;C+Q%EMK0
MHTJ2>!F6923+$C,CZP[X"#KEQQ:.X\V]'?=6W%.226B(S7TZ4$@L3W34HMW-
MV3'TH-8=J1RHTRGN0)\522>CK<2X1$HL4J)2<QD98^R1D8F`$3<%851VH:T4
M^1-7)D$P34<TY9=(I1J(E&1'@2#S8XGUARI->I%74MN!/9=?;+%V.9Y+K7[;
M9X*3[Y$)0!TJO46*339%0DDXIIE.)I;3E*49F1$DB[)F9%[X@*==ZWJQL54J
M#/IKINI92MYQEQ.6I!K21Y"S,L22K`]S$C+$CPQM@`9X%B*M'ONV9+FMQY4M
MQ6N&UTM/D&1+(\#29ZW@1D>8\=SKBT@`JDN\#347*?`H%3GN)>6PVXUK2&W'
M$$1N))2EEADD>ZHB(S(R(S$_2:@Q5:;%J,8EDS(;)Q)+3DJ+'K&76,MP=P!`
MUBXVJ<[*C(AOR9;11R;:;-):ZMY:D(21F>!9T'B9YB+LCM4&JJJL9Y3L1R'*
MCNFQ(CN*)1MK(B/`E%F41DI)D9=8^L>82@"$KE>*DSH,8Z=+E(D(=<<7&22S
M90C(Q4:/RE%BLLR2,_8,=RE5BEUAI3M+J$>6A!X+UEPE&@^PHMU)^P>!CO@(
M^MU1JDPNB5L//K6XAEIEDBRW7%J)*4EB9$6)GNF9$0AJ%=AU&I*IDZC3:9)R
MW&TZ^MMQ*EH2E2DXH4>!Y*B46.8R/,>Z0M(#@\ZAEEQY>5D-I-2LE)J/`BQS
M$6<_<(5RFWO;E4=CMP)4EXY"B2THH+Y(49GA^4:,DL_7,Q9@`4UV]R-QU,.W
M:M*:;)UPGD$TE#C32LAQ:<5D>968DF1*5CB189Q;8LAJ5&9E,*RF7D)<0K##
M%)EB1_`8^H"MU*YC8=<AP*8_-GE,.(VPE:6R4HFDNJ4:E'@222KW3/K"6HU1
M;JU-9G--.-$O*2IMPBRFUI4:5)/#-B2DF6;-FS#O`("JW(U2ZNF"_`EN,%'Z
M(=E,HUQ+)96264DNFPS'G(CPPSX%G$I3:E3ZK&Z*IDZ/,8QR=<8<):<>QB77
M]@=L!%URK;%M1R;A/S94EW68\=C))3BLE2CSJ,DD1)2HS,SZW9$?;5T%6GUQ
M9%*F4V227%);D&A1+)#FMKP4A1EBE68R/#=(RQ+.+(`Z]0FQZ="?G2U*3'80
M;CBDH4LR26Z>"2,S]XA#TF[Z#5Y+$>GR)+JWTY3:CA/H0HL,<<M2"3AA[.<6
M````%-J<2K*O1VJP(4*0<*"TVA#[9MK=):G,LDOEN89*>E41EG_1QQ$S:K#$
M>E:VQ1I%*]%6I;$A25K-9GBI9K2I65B?7,\1,@*;?5)>K4RDP4PH$EGT=QQ,
MZ)KS9X((B3E;K>.)],6?-N&682%KL):?F&Y;:Z3*R6FUN:ZAUMY*4FE!(61X
MY*2+<-*=W<Q,Q8@$#>#<QVD-MP#2F2J9%)#BF==)OT9&*S3U\"S[I;FZ0XTZ
M15%U)J/6*"DGD(5K=1C*0MD]S$L%&3B#/L8&7^HQ8`'2K3CS5'GNQTY3Z([B
MFTY.5BHDG@6'7S]84:WJ`JC=!(EVNS/2\IA?1L4\DV5)+I<MEQ?2)0:E&1-F
M9%NDE)C1@`9+-KUSQZG/++E0$K<>6KH>@./8.H/)9:-PB,G$N((C-9;F!$1I
MQ(AJD);SL-AR2SK+ZVTJ<;QQR%&6<L>O@>8?8!EMW2*G#NR6]$C.Q$OM-17I
M46D.2'#C&G%;VNHQ+*0KI229&9%GP,CS7&Q&U,VM!9.-K"&\M#9:P;)N():B
M2X:%9TFLL%&1Y\5'B+"`S?56CO/KAZW0HT\TLNJ:-VEJF&Z[BG)8Q29&T2LZ
MLK$BZ4LY89Y74\-Q2:LX9.OMNR2=Z.?@JB.R5J067E(41'TIX$1X$6&;/DF9
MW,!6;Z=EL4V+(AI4E;<I!JDHB*E*BI-*B-Q+2<ZCSY.;'#+,\#P$)8U3K51J
M^NU5ITWUQ5'*0[2U12A+):<AM"U%BM*B,SPQ5@:<<2QP&@@(:[M?.V:F4:"B
M:XIA2286WKA+(\Q])F-6!8GDD>)X8=<9M9#+\:O0D(BONFF4X22?H[S.6P;6
M'19O.XFE9X$C)-7Y.8DECB-B`?BL229D6)X;G9&30JY="9"GX3Y.+)!O2Z8B
MB.-I;D*<26LFYCB:E92O1,Y%D99]*8UH`,9'7CJ"[@JT2(M-/=FOZW*CL4EQ
MPWXR6S_M"W4F65FS=*9'N(+IL!I%L&Z=O4S7H"(#G0S9'%0G)2STI=*1=8B[
M!YRW!*`,OU2F3<K+;J8D5N8S';<@/JI"I;LI\EJ,FDK+,WDGDF6/77E;B3%L
ML=IZ/2Y+#T5MK6YCQ$\AA3/16<C-TT*,SQ-1J+''`\G$LQD+(`I]]2Y,%^G2
M&)"8"#2\VNI=`KEFQB23)!(3N99IW3S=(1;ID/RPI-:D%).M1R-]3+#JY)PC
MC+-:DF9MJ+](TEDGB6YEY)YTF+B`KE^DI5LR6^A4/M+6VETULJ>)ILUEE.9"
M#)2C273%@>.)8]84_4\CRHM79)#")L)12$LS54Y<=:6\4'KF6HSRLM>*3(^F
M5D$HCR1J8#KU!R0S`DNQ&"D24-*4TR:LG7%D1FE./6Q/`L1G-%J]91)@,PY\
MB0MQY"7J:JW'8C;25*]$/7#(B1DXJ/$S5B989S/$:<`#'*HE]2:U$43L%R5*
M<<<H[5OOO-2E$KI34ZC`EY9)2:E$I)9SQ+,8UR";APXYO,)8=-M.6TDR,FSP
M+%)&76+<'W`97=$9G;;*F2&RI4AK#H:6Q0')BY!&V25+-Y!'@98J1DYC(B]D
ML+Q9B'6[8IS3T!N"I#9I)AMHVB))*,DGD&9FDS+!1I,S,C,R/.)P!2;QE385
M8BNQW'J<P['-*ZBQ35S5&HE8DT:4XY!9S5B99]S$L,_?L>1-D1)JI:-<;Z(]
M!F'!5#7*+)3BI32L^)'BG*S91%B1"S@*EJC-*?HC+)QEK85)3KTAN,N0Y$21
M*,G4(;,EF>.!8IW,HSP,B,1.I\ST/5'F8B"E041$H*:NDN05MF2\2:(UX:X1
MY2U&9%F/=,S4-#`=6IKE-T^2N%&;DR4MF;;+KFMI</#\DU8'AC[AB#MV5<KK
M<`I=O4VFP%,I,VVYRU.,%DYD:WK22Q+,1ECF%F```!G>J%2)-3GFV:6)#+T9
M+3&O5-48H+N4K%XT%^<(R,O9Z3#<49BS6A#=A4Y]I4A#L<Y+AQD)D*?)EK,2
M49:LY[AJP_1RLDL2(C$\`J-_0WY4:$9-HE16W%&_`7..)T01IP(\LMW)//DG
MF/''=(AUM3RC2J0EYHYK"X^L-$;#,M<@B=Q4:E=-^3F,D9ORLC*,B,Q=P$+=
MT>3*H$EF(\EMPS09DJ0;!.))9&IO7"SHRB(TY1;F(J%ET1V'66YL7H>GM.N.
MN.PVZFN29-Y"4H;,C,TF>62G,HOR?R2Q(SPTD!\)R''(<AME_6'5-J)#N&.M
MG@>"O>W1E%'MV8539F-*BTZ:VIAM3Q5IR0I]1+Q<=P,^F)22R<A1=-EXGADE
MCKP`,AJ%OS)%6D.NN1RF,JD+3455QQ"G\HSUI)(3^:R#,C/`L"R,"QRCPUB(
MAUN*RA]XGW4MI);I)R<M6&=6'6Q/./L`S2\*(]4;A6F1T.\PXXPIJ0[5%,]`
MH3AKB-9(RRC5@HR/KY>?`DD+G:K$F-0X[4N0E]PC69&E]3Y(0:S-*-<5G7DI
M,DY1YSPQ$P`HVJ'3Y$U<7T%J;$UEQM4-RI*A$3AFG)=RD_E88&6'6QQ+$QWK
M$IDFEQ),=RH-R8Y*;2TEN0IXDF39$M6*C/)RE8GD%F3[YBU@*Y>\:1)I#:6#
M2M"'TK>C*EG&*2V1'BWKA;FZ1]@\G`\QF(*P**_3)A+;?89CK9=4[$:J"Y6"
ME.8MIZ;,60@L#67Y67AN)(ST`!%7,Q*DT&<Q"EE%D+:,D.FX;9$?8RRSIQW,
MHLY8XEN"BVI0Y$>NLSXO0]+2Y(-3D1%67*5K1-F1I,L<E1J6>5_IR,=U1D6G
M@/Q6.2>!X'AN]@9!'MZ<N6E[7HT:IL-$T50.N..*DO&M/HY(QS$225Z&98*R
M\C\DB,;``#+*_0I$VXGE2^AWTIE'(1+<K*V32T2,T<FDF60>5@646Y^5^5F&
MA4!F5'HD!B=+*7*0PA+CZ3Q)Q6&<\>O[O7W1(@,[U0:3*J4]3>#+[+\9++.N
MU144H+F4K%XT%^<(R,O9Z3#<49BS6A#=A4Y]I4E+L<Y+AQD)D*?)EK,249:L
MY[AGA^CE9)8D1&)X!3[^B/R405I:1+BH-PGH*JB<+7C,BR599;N3GZ4\W38[
MI$..I]2)-(9>85-9>CDRRG6VI:WRUTB,W%EE?D$9F18%NY&5F-1D+D`@KRCR
MI-"=;B/)0O7&U*0J0<<GD$HC4WKI9T918EB7_P!BJV119$*KIEL.L0V'C><>
MA-U)4HR2>23:#(S,C,C)2LLMS*R"Q+.-'`=.K96Q4W(F)A*UA>$E1$9,GDGT
MYXYLV[[PR:W";ENPI<2$Q3W8\N.E^H%5):W',M2</07$)-272/`C7TN"C/$\
M!LH`,5E$B94:S&UB/.G-+D.E5UU65'-*4J/%2$$C`]:Q))I;498D6YB8V&G8
MG`BFJ0<A6M(Q>-.2;G2ETV'6QW</9'9`93<QLOWI*@/PH]9=>-M+"7:C(BE%
M4;9&3&*4&WE*P-99R69'N'@0O5F$M-MPD.3.BUI):3=REJW%J+)RE],HD_DY
M1YSR<3W1.`,XU2I#$>J4XYFLSHILKRH#DIZ.373)+HA2FDJ+)+$DF:\"+'$C
MW1.6)%>A,U.*\:6<B26$%$ER2F)BV@\DG%D1GCCE8%F+*P+KBU@*?JDN:U1(
MRS7EHZ*02H6N.H.=BE7H1&TE2\?TL"(R/(P/-B(VP6T)JO1,9$>##E0M=:B1
MZ@[+2^667HV*TDE!E^3@6<\H\=PAH0"&N]2D6Q5%HJ**>:8ZE=$K,R)!%NXF
M6<L=S$LY8YL^`S^T66G:K2Y\&FLT1!2E1WS149+SCR];4HV%LN(3DGAT^4O`
MR(B,ORAK(```*W7*!0ZI7Z;+J5)AS'VVGFTJ?92OI>E/#.6?/N8[F)X;IB:I
M\"#3HY1J?"CQ&",U$U':2VG$]T\"(B':`0=U4>EUB)$;JD"/+0U,9<0EY!*)
M*LLBZ_L9C[)9C'=I=(I-+UW8REPH6N89?0S"6\O#<QR2+'#$_A'?`1EQP8=2
MH50@SX[<B*\PM*VG"Q)18'__`+CUC'7HMOT&G%'DP*+3XL@FB23K,9"%X&18
MEE$6.<38#BM"5H4A:24E18&DRQ(R[`JUNVG:\**TN+;U,;<:D.J;<**@UH,G
M5&1DHRQ+#K=C-@+6`"J1;3M=RI5A]VW:6ZZ]))QQ3L5"S-1MHQ/.1X8[IX=<
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MHTGEXYC,LV?<PW.L+:`"KJM:VY5Q5*;*H-.D2'VF3<<>C(6:C+++'.1Y\,,_
M7P+L$+)'9:CL-L,-(:9;224-H224I26X1$6X0^@"MUR@4.J5^FRZE28<Q]MI
MYM*GV4KZ7I3PSEGS[F.YB>&Z8FJ?`@TZ.4:GPH\1@C-1-1VDMIQ/=/`B(AV@
M$!=5&I5713BJE/CS"8F-K;)YLE$D\<#W>R6Z6X8D*72:72TN)IE-APB<P-91
MF$MY9EN8Y)%B.^`B;II\*J6]48-0BMR8SD=>4VX6)'@1F1^P9'G(]T@I=!H=
M-=3(IU%I\1_(R==CQD-JP/#$L2+'#,0E@'6J,9B9`E0Y+>N,/M+;<09F64E1
M&1EF]@QB$2?,?I.IO4GI"U2YM43!DN'NO,-/J4VE1;AY)H(R/=W<^<\=X+<`
M#&#7.\[&MG5`)AQ2-A*D9TXR//'UY!:Z1'UR5KJ\2/$L^YF+#;Z61%38A%N$
MR@O_`.)#M`,LKA8WG==.RE%$71450T$HRPEMJP0ZD]U*B)M&X9?DD+'J42'I
M>IY0I<A>6^_'UUQ6&&4I2E&9YO9,Q<`%"O+T&^+1ULBR:DJ1!F)464EYC6S7
MD&1YL,HL<=W=ZQF.MJ.N.+A7(VXXI:8U8<BM99XFEIMMM"$XGG/!)$6)Y\PT
M8!1M5M]V#:[55B.&U-A3F'([J=U"E*UM6;</%"U%@>)9Q'VV70VJ]<=-9,TP
MF(#;[3..*6UNKRW#+L92BQPW,<>R8TD!"WC&9EVK6&7T92.A'%8$HR,C2DU$
M>)9\QD1^\,QI4V5)N;4TG/O&J16(2GYZB(B)]QN.O(69%F(R):BQ(BS&1'F(
%L-H'_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g770582.jpg
<DESCRIPTION>G770582.JPG
<TEXT>
begin 644 g770582.jpg
M_]C_X``02D9)1@`!`0$!KP&O``#__@!"1$E32S$S-#I;,#9.64,U+C`V3EE#
M-#4V-2Y/5510551=-#4V-5]63$-#7TU/1%]$3T)?2%5,3%],24Y%+D504__;
M`$,`!P4&!@8%!P8&!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@
M&1HE,B4H+"TO,"\=(S0X-"XW*BXO+O_```L(`9H"IP$!$0#_Q``<``$``P`#
M`0$`````````````!08'`0,$`@C_Q`!5$```!0,`!`@)!PL!!@8!!0```0(#
M!`4&$1(3%B$'%3%6DY25TQ0B05%456'1TC)3<8&TXN,((R0S-D)2='61H;$E
M8G*2HL$7)C2"LL)#1$9SH[/_V@`(`0$``#\`U.KHJ-/FW`XQ7:DI,*D',9:<
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MVBH>DG`D3)K3;ZHB\Z*32L]$E*+V%OP*Y-O"H4.+46&7VJMX&^_H.ODK6.--
M-MJ41FVG1/14XI!K/!$9%RGD62C7.[4[AE40HB4.PC=.4K3,]!&4Z@RW;]8E
M1J]FB8M(```````````````````````````````````````````.IR/'<-PW
M&&UFZC5N:2"/31O\4_.6\]WM,>>52Z9,2:9=/BOITTKPZRE7C$6"5O+E(MQ&
M/ERD4IV6N:[3(:Y2TZ*WE,)-:DXT<&K&3+!F7T#I*W:`49J*5$IW@[2C4VUX
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M=]`ZZC0:74Y41^?$9D(BMK0VRZVE;?C:._1,CWEH%CZ3'>ND4IR6N8NF0U2E
MH-M3QL)-:D&6-$U8R98W8\P[9L&%.8\'FPV)+&2/5O-DM.2Y#P98'G=HE&=C
ML17:3!7'CYU+2HZ#2UGET2,L%]0^:5185+D39,9)ZV6I!K,R(B2E"=%"$D1$
M1)26XB]I[S$F```````````````````````````````````````````#'ZA)
MI+EPU::Q<+L`X;DDYL]<XM>M)-*(V&&,X-*#P9*-.=)&XC,S4//!1!U45?AS
M<6W)=181*@IJ6O-E!-/&2GUDHR0;CA-$:2/'BEDS,S&B<'S[\BT8#S[KCN=8
M33CAF:EM$XHFCR>\\H))Y/EY1X:U6;M@UN%3X].HKC4]]QJ,MR6ZE1$EM2\K
M(FSQN2?(9[QZ=;?OJ^W.NO\`=!K;]]7VYUU_N@UM^^K[<ZZ_W0:V_?5]N==?
M[H-;?OJ^W.NO]T&MOWU?;G77^Z#6W[ZOMSKK_=!K;]]7VYUU_N@UM^^K[<ZZ
M_P!T&MOWU?;G77^Z#6W[ZOMSKK_=!K;]]7VYUU_N@UM^^K[<ZZ_W0:V_?5]N
M==?[H-;?OJ^W.NO]T&MOWU?;G77^Z#6W[ZOMSKK_`'0:V_?5]N==?[H-;?OJ
M^W.NO]T&MOWU?;G77^Z#6W[ZOMSKK_=!K;]]7VYUU_N@UM^^K[<ZZ_W0:V_?
M5]N==?[H-;?OJ^W.NO\`=!K;]]7VYUU_N@UM^^K[<ZZ_W0:V_?5]N==?[H-;
M?OJ^W.NO]T&MOWU?;G77^Z#6W[ZOMSKK_=!K;]]7VYUU_N@UM^^K[<ZZ_P!T
M&MOWU?;G77^Z#6W[ZOMSKK_=!K;]]7VYUU_N@UM^^K[<ZZ_W0:V_?5]N==?[
MH-;?OJ^W.NO]T&MOWU?;G77^Z#6W[ZOMSKK_`'0:V_?5]N==?[H-;?OJ^W.N
MO]T&MOWU?;G77^Z#6W[ZOMSKK_=!K;]]7VYUU_N@UM^^K[<ZZ_W0:V_?5]N=
M=?[H-;?OJ^W.NO\`=!K;]]7VYUU_N@UM^^K[<ZZ_W0:V_?5]N==?[H-;?OJ^
MW.NO]T&MOWU?;G77^Z#6W[ZOMSKK_=!K;]]7VYUU_N@UM^^K[<ZZ_P!T&MOW
MU?;G77^Z#6W[ZOMSKK_=!K;]]7VYUU_N@UM^^K[<ZZ_W0:V_?5]N==?[H-;?
MOJ^W.NO]T&MOWU?;G77^Z#6W[ZOMSKK_`'0:V_?5]N==?[H-;?OJ^W.NO]T&
MMOWU?;G77^Z#6W[ZOMSKK_=!K;]]7VYUU_N@UM^^K[<ZZ_W0:V_?5]N==?[H
M-;?OJ^W.NO\`=!K;]]7VYUU_N@UM^^K[<ZZ_W0:V_?5]N==?[H-;?OJ^W.NO
M]T&MOWU?;G77^Z#6W[ZOMSKK_=!K;]]7VYUU_NAXYU=NFD2*>=6IM'.+*?-C
M,66ZI:3U2UD>%-D6/S>.7RBY:IK2TM6C2\^B0^51V%-J;4RV:%%A2326#^DA
MVD1$1$18(O(*M<G[56?_`#<C[*X+2```````````````````````````````
M``````````````````````IO"+^KH']2/[,^+D`"K7)^U5G_`,W(^RN"T@``
M``````````````````````````````````````````````````*;PB_JZ!_4
MC^S/BXZ2<XR6?,.--&B:M(M$N4\[A]"K7)^U5G_S<C[*X+2`````````````
M````````````````````````````````````````IO"+^KH']2/[,^*56V8T
MVKUMVAJ\%K#"IAMR#4HYTU[4*232-Q:+)&9:.3/)H+!%\H^6TT@Y*?!&TE9B
M9T+PDM']&TBCO:>F1[L:SP?3SNTB+2WY&@\'VOV1I^O)TLZPVB=SI$SK%:HM
M^_\`5Z&,^3`K]U-W4=W6YJ)=')LYDCP4EQG3-)>#N?+PYXV[/)C?CZ!.:J_?
M6%N]2?[T-5?OK"W>I/\`>AJK]]86[U)_O0U5^^L+=ZD_WH:J_?6%N]2?[T-5
M?OK"W>I/]Z&JOWUA;O4G^]#57[ZPMWJ3_>AJK]]86[U)_O0U5^^L+=ZD_P!Z
M&JOWUA;O4G^]#57[ZPMWJ3_>AJK]]86[U)_O0U5^^L+=ZD_WH:J_?6%N]2?[
MT-5?OK"W>I/]Z&JOWUA;O4G^]#57[ZPMWJ3_`'H:J_?6%N]2?[T-5?OK"W>I
M/]Z&JOWUA;O4G^]#57[ZPMWJ3_>AJK]]86[U)_O0U5^^L+=ZD_WH:J_?6%N]
M2?[T-5?OK"W>I/\`>AJK]]86[U)_O0U5^^L+=ZD_WH:J_?6%N]2?[T-5?OK"
MW>I/]Z&JOWUA;O4G^]#57[ZPMWJ3_>AJK]]86[U)_O0U5^^L+=ZD_P!Z&JOW
MUA;O4G^]#57[ZPMWJ3_>AJK]]86[U)_O0U5^^L+=ZD_WH:J_?6%N]2?[T-5?
MOK"W>I/]Z&JOWUA;O4G^]#57[ZPMWJ3_`'H:J_?6%N]2?[T-5?OK"W>I/]Z&
MJOWUA;O4G^]#57[ZPMWJ3_>AJK]]86[U)_O0U5^^L+=ZD_WH:J_?6%N]2?[T
M-5?OK"W>I/\`>AJK]]86[U)_O0U5^^L+=ZD_WH:J_?6%N]2?[T-5?OK"W>I/
M]Z&JOWUA;O4G^]#57[ZPMWJ3_>AJK]]86[U)_O0U5^^L+=ZD_P!Z&JOWUA;O
M4G^]#57[ZPMWJ3_>AJK]]86[U)_O0U5^^L+=ZD_WH:J_?6%N]2?[T9NS4+S5
MPZ/TPJE3?"4T0LI-E[P?1TR5DF]9G2R?+GZAI&JOWUA;O4G^]#57[ZPMWJ3_
M`'H:J_?6%N]2?[T-5?OK"W>I/]Z&JOWUA;O4G^]#57[ZPMWJ3_>AJK]]86[U
M)_O0U5^^L+=ZD_WH:J_?6%N]2?[T-5?OK"W>I/\`>AJK]]86[U)_O0U5^^L+
M=ZD_WH:J_?6%N]2?[T-5?OK"W>I/]Z&JOWUA;O4G^]#57[ZPMWJ3_>BN7<W<
MZ7J"=9E4EV-Q@>$Q(SC:]+P9_&]2U%CZAIF``5:Y/VJL_P#FY'V5P6D`````
M````````````````````````````````````&!1925?E4RVCTMT'5%GD(_!T
MJ_MRC?0`````````!3>$7]70/ZD?V9\7(`%6N3]JK/\`YN1]E<%I````````
M`````````````````````````````````#Y#'YEIDA1_E5OND:DMKD.L&:O*
M91<8_P`#]-``````````"F\(OZN@?U(_LSXM^L;UFJTTZS1TM'._'GQYAYTU
M*GJB+FIG1CBH,R6\3J=!..7*LX(>I*DK22DF1I,LD9<ABKW)^U5G_P`W(^RN
M"T@````````````````````````````````````````!C\P4HB/AF9JI'I:=
MV38N#Y=S1%R^8L[B'Z?+D(``````````4WA%_5T#^I']F?$=<E(D%<-Q3(4"
M7(5,MQUKQ75X<=TC)+:5&9D@S+R)QRY%7I<`V'V9DF.[.H[4Z$]*?;IJXZ#)
M$9UO'@^-Y(<U2C41?O$7[F[1^#]B1'M*`U)9<85EU3;3I&2FVC=6;:3(^3"#
M26/)R>05ZZH-QJNZW#9KT1M#DR1X,DZ=I&R7@[G*>L+3W9+R<N?8)SBN\N=D
M#L?\8.*[RYV0.Q_Q@XKO+G9`['_&#BN\N=D#L?\`&#BN\N=D#L?\8.*[RYV0
M.Q_Q@XKO+G9`['_&#BN\N=D#L?\`&#BN\N=D#L?\8.*[RYV0.Q_Q@XKO+G9`
M['_&#BN\N=D#L?\`&#BN\N=D#L?\8.*[RYV0.Q_Q@XKO+G9`['_&#BN\N=D#
ML?\`&#BN\N=D#L?\8.*[RYV0.Q_Q@XKO+G9`['_&#BN\N=D#L?\`&#BN\N=D
M#L?\8.*[RYV0.Q_Q@XKO+G9`['_&#BN\N=D#L?\`&#BN\N=D#L?\8.*[RYV0
M.Q_Q@XKO+G9`['_&#BN\N=D#L?\`&#BN\N=D#L?\8.*[RYV0.Q_Q@XKO+G9`
M['_&#BN\N=D#L?\`&#BN\N=D#L?\8.*[RYV0.Q_Q@XKO+G9`['_&#BN\N=D#
ML?\`&#BN\N=D#L?\8.*[RYV0.Q_Q@XKO+G9`['_&#BN\N=D#L?\`&#BN\N=D
M#L?\8.*[RYV0.Q_Q@XKO+G9`['_&#BN\N=D#L?\`&#BN\N=D#L?\8.*[RYV0
M.Q_Q@XKO+G9`['_&#BN\N=D#L?\`&#BN\N=D#L?\8.*[RYV0.Q_Q@XKO+G9`
M['_&#BN\N=D#L?\`&#BN\N=D#L?\8.*[RYV0.Q_Q@XKO+G9`['_&#BN\N=D#
ML?\`&#BN\N=D#L?\8.*[RYV0.Q_Q@XKO+G9`['_&#BN\N=D#L?\`&#BN\N=D
M#L?\8.*[RYV0.Q_Q@XKO(O\`]UP.Q_QA^=J2Q5CF4:J)JC"%2+XD-I>5$RHG
M5$DM,_'WI/'R/)YQ^B2I=Y8_:N!V/^,'%=Y<[('8_P",'%=Y<[('8_XP<5WE
MSL@=C_C!Q7>7.R!V/^,'%=Y<[('8_P",'%=Y<[('8_XP<5WESL@=C_C!Q7>7
M.R!V/^,'%=Y<[('8_P",'%=Y<[('8_XP<5WESL@=C_C!Q7>7.R!V/^,'%=Y<
M[('8_P",'%=Y<[('8_XP<5WESL@=C_C"N7="N".]05U6N19L?C`RU34#4'GP
M9_!Z6L5_;`TP,`*M<G[56?\`S<C[*X+2````````````````````````````
M`````````````X49$1F?(6\?EZE[N#RRJJ6];E[$\1G^_E:BR?M\4?J(@```
M``````!3>$7]70/ZD?V9\7(`%6N3]JK/_FY'V5P6D```````````````````
M`````````````````````!Y*J\4>F3'S4:2;96O)>3"3,?G+4^#?D\V?(41%
MJZPU(69<ID;[F_Z=Y#],$``````````*;PB_JZ!_4C^S/BVG)CE(\%-]LG]#
M6:O2+2T,XTL>;.[(\"+@H3E/>J2*Q!5!95H.2$R$FVA6[<:LX(]Y?W(2++K;
MS2'F7$N-+22D+0>241[R,C\I"LW)^U5G_P`W(^RN"T@`````````````````
M```````````````````````(2]7_``:SJ_(TM'54^0O2(LXPVH8K<3'@WY,E
M&<)&%,HB/I\I$9O9R?\`S?Y'Z#;5I(2K);R(]P^@`````````4WA%_5T#^I'
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MW(K=WTJ=!=H+TFXZE44'4#+4R4,$G/@S^_\`-MI//UX&E``JUR?M59_\W(^R
MN"T@````````````````````````````````````````*!PY/:C@JN->EHZ3
M"$9_XG$%C_(\O"!$T.`^HQ-5^IH[9:'+HZ"4'_C'^!;K+=U]GT%[3T]93XZM
M+SY;3O$V`````````"F\(OZN@?U(_LSXN0`*M<G[56?_`#<C[*X+2```````
M``````````````````````````````````S'\H1:O_"^HL)/QI#\=HB_BRZD
M\?X%BX18R3X-;CCD9I2FE/D7EQAL_</O@Q=-[@[MAPRQ_LR.6/H01?\`86D`
M````````%-X1?U=`_J1_9GQ9452GN51RDHEM*GM-$\MA)Y4A!G@C/S;QXW;F
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MK_W0V//G1<G7_NAL>?.BY.O_`'0V//G1<G7_`+H;'GSHN3K_`-T-CSYT7)U_
M[H;'GSHN3K_W0V//G1<G7_NAL>?.BY.O_=#8\^=%R=?^Z&QY\Z+DZ_\`=#8\
M^=%R=?\`NAL>?.BY.O\`W0V//G1<G7_NAL>?.BY.O_=#8\^=%R=?^Z&QY\Z+
MDZ_]T-CSYT7)U_[H;'GSHN3K_P!T-CSYT7)U_P"Z&QY\Z+DZ_P#=#8\^=%R=
M?^Z&QY\Z+DZ_]T-CSYT7)U_[H;'GSHN3K_W0V//G1<G7_NAL>?.BY.O_`'0V
M//G1<G7_`+H;'GSHN3K_`-T-CSYT7)U_[H;'GSHN3K_W0V//G1<G7_NAL>?.
MBY.O_=#8\^=%R=?^Z&QY\Z+DZ_\`=#8\^=%R=?\`NAL>?.BY.O\`W0V//G1<
MG7_NAL>?.BY.O_=#8\^=%R=?^Z&QY\Z+DZ_]T-CSYT7)U_[H;'GSHN3K_P!T
M-CSYT7)U_P"Z&QY\Z+DZ_P#=#8\^=%R=?^Z&QY\Z+DZ_]T-CSYT7)U_[H;'G
MSHN3K_W0V//G1<G7_NAL>?.BY.O_`'0V//G1<G7_`+H;'GSHN3K_`-T-CSYT
M7)U_[H;'GSHN3K_W0V//G1<G7_NAL>?.BY.O_=#8\^=%R=?^Z&QY\Z+DZ_\`
M=#8\^=%R=?\`NC.>%ZW3C%:$8J[6I"Y=P1FB\)EZ9-\OC%NW*+R&+[4K/(Z?
M+)5RW$M)M+(TJG9(RT3W8T13.!2WU5/@SHDLZ_6XYJ)U.JC3-!M)$ZLMQ8W<
M@OFQY\Z+DZ_]T-CSYT7)U_[H;'GSHN3K_P!T-CSYT7)U_P"Z&QY\Z+DZ_P#=
M#8\^=%R=?^Z&QY\Z+DZ_]T-CSYT7)U_[H;'GSHN3K_W0V//G1<G7_NAL>?.B
MY.O_`'0V//G1<G7_`+H;'GSHN3K_`-T-CSYT7)U_[H;'GSHN3K_W17+MH/%;
MU!D\=5>9FH&G5S)6L1OC/[\8+>--`!5KD_:JS_YN1]E<%I``````````````
M```````````````````````````9=PN?G;CX.HQEI(57D.&GR^*7+]61IZRT
MD&7G+`S'\GK">#6*Q^\S+DMJ\V=:9[O[C4``````````4WA%_5T#^I']F?%R
M`!5KD_:JS_YN1]E<%I`````````````````````````````````````````9
M=PE8<X2>#..6Y1S9+N?)A+:3P-0\A#+^`'Q+/J$<ODQZQ+;(_*9:1'G_`"-1
M`````````!3>$7]70/ZD?V9\33URT1FH3J>Y462D0(WA<M.EDF&O.L_)Y\'O
MQO$>U>U#<C./?IJ'4K;;3%<AN(?<-PC-O1;,B4HE$E1D9;O%5G&#$]39T6IP
M69T)TG8[R=)"B+'U&1[R,CR1D>\C(0%R?M59_P#-R/LK@M(`````````````
M```````````````````````````#+;U_/<,_!TR?C);;G.Z)?NGJN7_`U'R#
M+^`LS33+K9+<AJY)B4)Q\DO%W#40`````````4WA%_5T#^I']F?'HK%)J:JY
M.JT!F&\I5'7%9:D*,DK>UAJ22RQ\CSB"8M^N-*BU9V`<FKQ9K<EYQ^:E:YB=
M4ZV:$X2E+1)UIFE)$1<OE,S%LL^FRJ3;T6%--OPK2<==)L\I2IQQ3AI(_*1:
M>,^7`K%U6Y`=NZVUJD5,CE3))N:%3D))/Z,X?B$2\(Y/W<;MW()S8RD^EUSM
MJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTN
MN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD
M^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;
M&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^
M\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSM
MJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTN
MN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD
M^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;
M&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^
M\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSM
MJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTN
MN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD
M^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\&=5JW*?_XU6U34
M2*IJBI4EY:E5.0I?*HB)*S7I)]I$9$8T78RD^EUSMJ7W@SG@IMJGR:E?,:1(
MJ:5QJ^\A),U.0V9HQN-1I66D?^\>3]HT;8RD^EUSMJ7W@;&4GTNN=M2^\#8R
MD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\$!5HUJ4JY*+;L
MN7<)3:OK?!U)K$LT%H%DR4>MW9\FXQ/[&4CTNN=M2^\#8RD^EUSMJ7W@;&4G
MTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8RD^EUSMJ7W@;&4GTNN=M2^\#8
MRD^EUSMJ7W@K=WV_!I3M!DQGZDM9U`TXDU%]]./!G_W7%F6?;C(TH`%6N3]J
MK/\`YN1]E<%I`````````````````````````````````````````9=+_/?E
M"P4GXQ,6VM98_<,WC+)C43Y#&7\%>&[SX28^\S36$NY_XTF>/\#4````?G3A
MYJZZ7PK65,2HR13TMR7#(\DE!OX5DO)N+'UC]%ER`````*;PB_JZ!_4C^S/B
MY``JUR?M59_\W(^RN"T@````````````````````````````````````````
M,NI_YW\H2J+(\:BW6T&7GRZ1C43Y#&7<')Z'"?PFL)+""E1'/K4VK(U$```'
MYYX6*85?ON[&"1IJ@VAK$$1<BTODX7T[B,;18U3XYLZAU0U95)A-+7_Q:):7
M^2,3P````IO"+^KH']2/[,^).1==(C52I4Y];S:Z=".;)=4THFT-ERX/]X]V
M?%S_`'W#QIO6&;.BJF5!%14\TRW3UI03SAN(-:#(]+0(C2A9F9J+&@HCP98$
M]1ZE&J]-8J,0UZETCW+3HJ29&9*29>0R,C(_:0@[D_:JS_YN1]E<%I``````
M```````````````````````````````````9;;GYWAVO%SY6HID1HC+]S)$K
M'_<:D,MLW\WPU<(:#\76,P%DGDTOS>,^T:D```#**"PW4>&F_4.EI-HIL2(H
MC_A6@C,B]@]/`#(65B*H[RC-^CSY$%S/*1I7I%_\O\#3@```!3>$7]70/ZD?
MV9\>JO6PJL3ZBZN433,RD.4TR).5(-2C/3\QXSR"**V*\N:5=??I_&S4F.XV
MPA2]2M#3+C1D:]'2(U:Y:ODGC"2W[S%FM6E.46A1J>^\EY])K<=6@L)-:UJ6
MK!>;*CQ[!4;JM2W'[NMQQZC1%KFS)!R5*1O=/P=Q6_S[R(Q.[`V;S<I_1!L#
M9O-RG]$&P-F\W*?T0;`V;S<I_1!L#9O-RG]$&P-F\W*?T0;`V;S<I_1!L#9O
M-RG]$&P-F\W*?T0;`V;S<I_1!L#9O-RG]$&P-F\W*?T0;`V;S<I_1!L#9O-R
MG]$&P-F\W*?T0;`V;S<I_1!L#9O-RG]$&P-F\W*?T0;`V;S<I_1!L#9O-RG]
M$&P-F\W*?T0;`V;S<I_1!L#9O-RG]$&P-F\W*?T0;`V;S<I_1!L#9O-RG]$&
MP-F\W*?T0;`V;S<I_1!L#9O-RG]$&P-F\W*?T0;`V;S<I_1!L#9O-RG]$&P-
MF\W*?T0;`V;S<I_1!L#9O-RG]$&P-F\W*?T0;`V;S<I_1!L#9O-RG]$&P-F\
MW*?T0;`V;S<I_1!L#9O-RG]$&P-F\W*?T0;`V;S<I_1!L#9O-RG]$&P-F\W*
M?T0;`V;S<I_1!L#9O-RG]$&P-F\W*?T0;`V;S<I_1!L#9O-RG]$&P-F\W*?T
M0;`V;S<I_1!L#9O-RG]$&P-F\W*?T0;`V;S<I_1!L#9O-RG]$&P-F\W*?T0;
M`V;S<I_1!L#9O-RG]$&P-F\W*?T0;`V;S<I_1#@[!LWFY`Z(9U9EIVW.X4^$
M",[1HBH<+P-MEA2,I09MF:C+S9,AHVP-F\W*?T0SFB6G;9\-%RTIZC1%Q"I<
M9]ADV_%1O(E'[#,Q;7*'P<-W0U:ZZ'!*J.Q#F(;U!X-LE:/RN3.2/=[!,[`V
M;S<I_1!L#9O-RG]$&P-F\W*?T0;`V;S<I_1#@[!LW!_^7('1#.N#VTK;J-\\
M(12*-$=C1IS,>.V:,H;T4*TB+VYQD?-GVI;C'"E>EMSJ+$>8-+%0A)6C)(0H
ML+(O9I*+^PTC8&S>;E/Z(-@;-YN4_H@V!LWFY3^B#8&S>;E/Z(-@;-YN4_H@
MV!LWFY3^B#8&S>;E/Z(5N[K7M^C/4&72J1%B2#J!HUC2,'@XS^2_P-,`!5KD
M_:JS_P";D?97!:0```````````````````=4J3'AQG94IYMF.R@UN.N*)*4)
M(LF9F?(0XB28\R,U+B/MOQWDDMMUM1*2M)\AD9<I#N```````````````0EX
M7%!M2W)U>J!F;,5O2)!&1*<4>Y*"SY3,R(9Q*X4KLIL6)6JYP>.TVWUNM)?E
MJG)<6TA9[EZ!)SR&7+C?N\HU]EUMYI#S2TK;6DE)4D\DHCWD9#[``/D,9?P8
M_G.$#A+DGA1G46&M/_A0HL?4-0&70,-?E"51!;]?;K:S,_(9.D0KU4GFG\J"
MD,&I6B=*-@R/&-Z'%[O\#<@``,9;P+_I$N_*B>_7W')21GRX3C&[ZQ\787$W
M#99]8QHLU6(_2WE%_$7CHS])F7]AJH````IO"+^KH']2/[,^+D`"K7)^U5G_
M`,W(^RN"T@```````````````````S?AYG.1>#>?%C_^HJ3K4%HL\IK662_Y
M24*[;[=4X)KFI=M/OJG6C6WR9ANK5^<A23QE!^=*C]_*1YVH````````````
M``!D-SH7?O"C#M71-5!MS0G5+S.R#++39^<L?_8:A6:7#K-)F4J>T3D66TII
MU/G(R\GM\I>T9YP.3Y].XVX/JRM3DZWG"2P\?_YXJM[:OJ+=]!D7D&H@`#+N
M!_\`.UWA$DEN)=PO(T?^$N7_`"-1&6O?FORAV#1XNMMD]/\`WL/G[AFMQ25I
M_*?B2D_JV9D2(9YSO6QC_N8_3A<A``#@^09?P`?G+-G33_\`UE7EOY\^5$7+
MY>3E#A[9<8M.!<3"3U]"J<>:1IY='2T3+_J+^PTV.\V^PV^TK2;<22TJ+RD9
M9(=@`/'.J=/@/1&9LUB.[+=U,=#BR2;J_P"%)'RF/8`IO"+^KH']2/[,^+BM
M1(0I9D9DDL[BR?\`8A187"'%E17GDTM\W#1'7&:;=0LWM>YJVDJ,CPVLU<J5
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MU+>:GL:+B3,E-JWF6_\`A-0O-&N"F5.DP:BB;&2F4PAXB-U.[221XY?:/9QG
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MO3)]X\]0K%/8@27BGQOS;2U_K4GR),^3(H/`*_#A\%E%2_+8;=<-YQ25NI(R
MRZOR9W;A=ZZBWZ[2)=(J<F,[#E-FVZ@I!),R^DCR0QNL6Y;]B7E8]0MZI22:
MD5+P643DXW4Z*DX+._!%O,;F53IV/_7Q>F3[PXSIWI\7ID^\.,Z=Y)\;/_\`
M,GWC\YW\Y,X0:O<5PTRHI9AVDDD4HB<27A,A"B6ZLB/EW)/&.7"/:-WM>Z:9
M7;=IM83+CM^%QT.J0IPB-"C+QD[S\AY+ZA*\9T[T^+TR?>*C?\R)(304,2F7
M5<9&>BAPE'_Z9_S"[O(UC2V]-2-))EI(/!EGRD?G&>0.#V1%C(2B?#9?BM1T
M1U1XIH2ZMETG$NOEI>.LS+!X,L:2\'OW6ZVJ2[28;Z9+Z'Y<J2[*?6V@T(TU
MJSA)&9F1$6"WGG=GRBM71;U`=NVV%NT2FN+E3)!OJ5%09O'X,X?C'CQMY$>_
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MFQ1NHM?"&R%I\V*-U%KX0V0M/FQ1NHM?"(Z12K`C5F'1'Z+0D5*8A;C$<X+>
MDXE/RC+Q?)_V/S"+X0X=K6G9M5N!JTZ$Z[%;(VT.06]%2U*)*2/!9QE0]]K4
M6U*Y;5)K)VM1$'-B-/J2F"WA)J21F1>+Y#,Q+;(6GS8HW46OA#9"T^;%&ZBU
M\(;(6GS8HW46OA#9"T^;%&ZBU\(S;@CMZ@5&=?,B50Z;(;1<#[+&G%0I"$)Q
MA*2,MQ;_`"#2=D+3YL4;J+7PC-.%NWJ#1JG9-:CT*G-16ZRB-*;;BMI0MMTL
M>.1%@\:)XSYQI96A:>/V8HW46OA%?ORC6K0[,KE61;='0Y&A.K;44%HC)>B9
M)_=_B,A7[1X.:([P/Q:>[2(:JE.IBG#DK92IU+KJ#41DHRR1D9I(OH'=P-TN
MV:[P<T:7*MZE.3&4'&D*<A-FLUMJ-.5&99,S(B/ZQX.`VW;?J-HS)DVATV0M
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MDB/`T4`%6N3]JK/_`)N1]E<%I``````````````````'AK55@T2E2JM4W]1"
MBMFXZYHFK127L+>?U#+Y_"37;H:XNX.K;J2WWST"JT^/JHK"3Y5EG.D?F(_[
M'R"X\'MFLVA3I"7)KU0JLYS7SYSQF:GW,?X(LGCZ1;1E=D9I?##?E&SAJ:B/
M4VDX\IEA9_\`,K_`U0`````````'YGNJKS7^&9F\&UEQ11*O&HAJ(_XTKUA_
M01FO^Y"^?E"$]/MRBVS$5B36*JTP7_"DC,SQ].B)G@(F>&<%=`4H\K:;<85G
MR:#BDE_@B&A@`&,NX!L.6]7YGEE5Z8[DN0]Z2R7LW#41G?#M`5.X,:RMO)/1
M";EMF7D-"R,S_MD72@3TU6ATZIH^3+C-OE_[DD?_`'&?\/KRW;-B4%E1D]6J
MG&@I(N4R->D?_P`2_N-,CLMQX[;#2=%MM)(2GS$18+_09)P;SXEKW#P@VY4)
M;$.-#J/A["GW"0DFWDYW&?D+"?[B1_)Z2?\`X7T]Y1;WI$EPU?Q?G5%G_`TX
M9;?_`.:X7>#1]'RUKG-GGS&T7O%(H\<YW`%?,C&^5.F2C/RGHK0>_P!OB#;[
M-D>%VC0I6<ZZ`POD\[:3$T`"E\,+Y1^#&YEF9%F"M&__`'L)_P"XE['8\&LN
MWX^#(VZ='29*Y=S:1.C.N'J*<K@JKNB1Z;*6GD_^UU)G_C(O%%D^&TB!,(\D
M_';<R7ETDD?_`''M&2S<WCPUQ8>-.E6DQX0[_"J8Y\DOJ+!_2DQK0RR/FF_E
M!RT'N;JU!2Y]*VW-'_1(U,4WA%_5T#^I']F?%R`!5KD_:JS_`.;D?97!:0``
M```````````````!E_#X^X[9\2@,*,GZY4H\%)%RX->D?_Q+^XTN,PW'CM1V
MDZ+;220@O,1%@AV@,KN/_97#M:D_&BW5J;(@+5Y#4@S<+_)I&J`````````(
MBZJPS0+;J=:?,B1#CK>P?E,B\4OK/!?6,6.U7T_DX37'T*.J24'6W7#+QM/3
M)S/TZLB$PJI%=W"7P;F2M)J/1UUAQ);R)3B226?H40E>`?\`1J+<5&/<JFUV
M4P1>9.2,O^XU,`'RZHD-J69D1)(SR8S'\GI.>#6+(,C(Y$N2[[-[IEN]FX:@
M/#6Z>U5J//I;YX:F1W&%GC."4DTY_P`BB<!M2>=M%=O3R)-3MZ0NG2$>Q)GH
M']&-W_M'DO?_`&MPP6)12/+<%$BJ/)^@L-G_`,R?\C5!3Z]P<6;<-<X\K-&1
M+FFVELS6ZLDF2>3*2,B,Q9J;3X-*@M0*;$9B1&2PVRR@D(3OR>"+VF9CU#+>
M%1PX][\',OY*6I\C*LXY6BW9]N#$1P9P3D?D[R&%$9G+A3S(L>=3A%R_0+IP
M/2/"N#&V7<YQ"0W_`,F4_P#U%U`!F/Y0+R__``Y?@-J,G*C,C1$X\IFX2L?]
M(TF*RB/':CMEA#2"0DO818_[#M%9X28A3;`N6-C)JISYD7M)!F7^2'3P6RSF
M\'5LR%'E1T]E)G[4IT3_`-!;#&6<"&9S=W7$H\G4ZX^:#QRMHP2?]3&IC++^
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M?7*=)>I=:96XAB4A:B95N6>",]VXLBQW3PL6Q0:I0Z>U,BU`JC(U3KL>4E28
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M+/\`$H>S@\K,.KW=4.$2Y*O1:8N7%*'3Z>N<V;K+!*)6DO*MQGCD]I[BW#4=
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M=ST;#S2VS_3VO*1E_%[11N`VZ:%%X,Z1"J5<IL65&-YI3;\IM"B(G5&6XS(^
M0R%QN"][:B4&IRHUQ4EU]F*ZXVVW,;4I2B09D1$1Y,S,57@7K%M47@UH<.5<
M%*9DJ;4\ZAV:VE1*6M2L&1JR1X,A>MK[3YST;KS7Q#->&FX*`]3[;JE.KE-D
MR:97(T@T,2FUJT,F2MQ&9XY!I6U]J<YZ-UYKXA5[UKU#J:Z#&IM9I\Q_C$U:
MN/)0XK'@S^_"3,\#0G6T.M+:<+*%I-*B\Y&*-'L`FX["'*L:G8,=B-3G$1DH
MU"&G4N(-9$?YP\H21_)+!'@B,S,6:WJ1Q/#>:7(.1(D2')+[VAH$MQ:LGA.3
MP1;B(LGN+E,0MS0H:KKM,U16#-R7(TS-LO&_1G.7SBR<64[T"+T*?<'%E.]`
MB]"GW!Q93O0(O0I]P<64[T"+T*?<'%E.]`B]"GW!Q93O0(O0I]P<64[T"+T*
M?<'%E.]`B]"GW!Q93O0(O0I]P<64[T"+T*?<'%E.]`B]"GW!Q93O0(O0I]P<
M64[T"+T*?<'%E.]`B]"GW!Q93O0(O0I]P<64[T"+T*?<'%E.]`B]"GW!Q93O
M0(O0I]P<64[T"+T*?<'%E.]`B]"GW!Q93O0(O0I]P<64[T"+T*?<'%E.]`B]
M"GW!Q93O0(O0I]P<64[T"+T*?<'%E.]`B]"GW!Q93O0(O0I]P'3:<1?^@C="
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MB\5I)&6=W)RC3RIE.]`C="GW"-I-IV]2':@[!I;"%SY*I+YJ+3TG#Y<9S@O8
M6[>8H<:'%@\/LR*N(SX/4J"AY*3;3HZ:'"3N+Z",:=Q93O0(O0I]P<64[T"+
MT*?<'%E.]`C="GW"!OJ'`C63<4A$"-I-TV0HL-)+?JU>7`CN">F0?_#:V3<B
ML.+5`;6:E-),SR6?-[1;^+*=Z!%Z%/N#BRG>@1>A3[AT2Z!1)FI\*I$%[4N$
MZWIL)/067(HMW+O'HXMIWH$;H4^X<<64[T"+T*?<'%E.]`B]"GW!Q93O0(O0
MI]P<64[T"+T*?<,3_*D@1&;'IC[$=II::DE/B().2-ISS?0-*X/J1!9L2VVU
MPHYK*FQS49MD9F9MI,]YEYS%-X.(<.@W_=]DR8K"F5.E5:?IH(_S3F"4DLER
M)/1+ZC&J<64[T"+T*?<'%E.]`B]"GW!Q93O0(O0I]PS"NPH4SAVM>"F*QJX%
M*D3%H)M)$9K,T%DL?0-/XLIWH$7H4^X.+*=Z!%Z%/N#BRG>@1NA3[AF/`A#B
M%3[HIC\1A:Z?7Y3*=)M)X3E)E_W'LX<RAT[@SK!QX;"9$G5QFS2TDCRMQ)'Y
M/-D76BT&GT^D0(!PHRCC1VV<ZI._121>;V#V\64[T"+T*?<*)PU42')X,+@)
MB&PAUI@GTJ0VE)EH+2H]^/,1BSVPU3JG;=)J)0HRO"H;+V=2G]Y!'YO:(:_X
M<2.F@+8C,M+XR,M)#9)/_P!,_P"87D`%6N3]JK/_`)N1]E<%I```5R_;IC6=
M;$RNR&3?4UHH9CDK1-YQ1X2DCP>/IP>XC'%C7=3+RH3=5IRC0LCT)$99_G([
MA<J%%_H?E(60````````````!C]QU^L\(=>E699<SP6CQO$J];;W\O*RT9<I
M\I&?EW\A%OT:U+:H]J4=FD46*EB,WO,^5;BO*I1^51^?ZN030`/EUMMUM;3J
M$K;6DTJ2HLDHCY2,O*0ZT1H[45,1MAM$=*-6EI*2)))QC1(BW$6/(,QX#UJI
MK%RV8Z9Z="JCB&B,_P#\#AFI!_7A1_6-4```````!EC>:K^4"ZH][5%H9)Q_
M"ZZO/_Q4-3`95?R^)N%BPZ^]XL.1KZ8ZYY"4LOS9'])F?]C&J@*=PMSW:9P;
MW'+8=6TZF&I"%H4:5)-1DDC(RY#\84URK.U#\FQR>\XIYU=$4TM:E9-2B_-F
M9GY3W#0[":U%CVXSI:6A38Q9QC/YI(L`````#&ORHD)5P;LJ-.314FC(_-XC
MA#5;?8*-0J;&+!$U%:1XO)N01;AG'"KFW+OL^_&\I99D\6SS\FH=S@S]B3TC
M^G`U<@`99;?^T.':[IA>,FFTV-"(_,:\+,O\&-3`!E=B&=)X6[\H2_D3=156
M/:2BPO\`ZE%_8.&8RJ%4L6VB41G.K;;[B"Y3;:+*OJ\8:H7(`\%<IS=7HM0I
M3JC2W,CN1U*(LZ)+2:<X^L9WP.UN1":?X.Z\A+%<H*=6WY$RHV?$<1Y\$9$?
MLQ[<6'A%_5T#^I']F?%R`!5KD_:JS_YN1]E<%I``%!O#A0MVTKFAT*J$_P#G
MFB=?DMITD14F>$FLBWX,_-R;O.*Y<$F-?_"C0*!"?;E4.B-E5IKC:B6VZX?Z
ME.2W'RD?T*,+PB(L3A&H=WTU:HU.KLLH%99+]4M:B\1TR\BLY,S]A^<\["``
M/)5:A$I--E5*>\EF)%:4ZZXK]U)%DQYK;KM-N6BQ:U27C=AR4F:%&G1,C(S(
MR,O(9&1D)0````````9IPTU><BCT^U**ZI%8N*2F&TI"L&VUNUB_HQ@C]AF+
MG:UOTRUZ)%HU)CI9BL)QN+QG%>5:C\JCY3,3````,J(N(^'X^1,>XZ1GS:3[
M)_`G_(U4```````/D&5\%)IJ5Z<(EPD>FEZIIA-KSDC2RDRW?W(:H`HW#'0G
M*]P?U-J-I%-AI*;%4GE)QKQMWM,M(OK$U8U=1<UHTFN(,M*7'2IPB_=<+<LO
MJ41B?&9?E!*4K@VE04'A<Z7&CI^DW2/_`.HSF*^N)^33<E,=,S<ILQV"HB/D
M/PE!_P#W'Z%H;6HHU/9SG5QFTY(L9PDB'N`````4/ABMFI799JJ12D(7)5*8
M<,EK)):)*\8\GYB//U"]H3HI))>0L"N<(5OINBS*Q1#02G)$=6ISY'4^,@_^
M8B$?P1U]5Q6#29CYGX8RWX+))7*3K?BGGVG@C^L6.OUJF6]29%7K$HHT&.1&
MXZ:35C)D1;B(S/>9<@]S3K;[*'FEDMMQ)*2I)Y(R/D,AE_`Z?AU:O^O$642Z
MXMAM?\2&BP6/^8:F`#*KQ(J-PSV77"(DM5-A^E/*+=O^4V1_^Y1?V'S"/:+A
MYFR/E1;8IJ6$X+<4A[>9_P#*:B^H:N`#-^%FUYTUB)=UM%J[HH9ZV.:2WR&B
MR:V3+RY+."]IEY1Y9MSP;OM:U*Y`/"7JB:76C/>RX49_20?T'_<L'Y1J1F1$
M9GR$*#MV^^[54PJ<E2$.PV*<XZLTE).0M2"=5N\5O*3,O*:2SY2%EMFJO56'
M(\*:0W+B278CY-F9H-:#QI)SOP9&1X/DSCR9%3NJZ[<8NZW&WJS$0N%,D%(2
MI>]H_!W$^-YMYD0G=OK-YQT_I0V^LWG'3^E#;ZS><=/Z4=;_``A66RRX\JXX
M.BVDU*PYD\$,PX-*S:U21<=T7?4*?X;<3YI\#E*)6JB)W(;,C\_^A),6FR7.
M"VRBJ":%7(;29SI..$Y(T]$B+<@CQG1+)XSD]Y[QT<*U=M&Y[#J],C7!`5,)
MK7QB)W?K6STDD7M/!E]8E[0X3+8J5KTJ;4*Y#8FNQD'(:<<P:7"+"B_N1B3F
M\(]DPX;\MVXH2D-(-9I0O*E8+D(O*9^0AE5`X:*K'JJ:G<K479RI.JU+<8]*
M13$D>$FZDBR:5%@\\OE+^$1%R71-OJKS;AIESLT6+0U9H<9U9H5.=2>5.*+S
M*(C26?.1?Q#VW)PB4_A&@VW;2I:*7&EK)^OFX9I2PEL][1&?+I*+)?\`MSY1
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MZS><=/Z4-OK-YQT_I1`7SPGVY2[3JDRE5J))J*631%::7I*-U6Y)X]AGGZAX
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M5>S2-/\`8>^R.$RC1."*,_-JC"*O3X#C/@RU_G%+:(TH+'G,B3_<>K@?N&U+
M>X/J1"FU^$W.<0J1)2MSQB<<4:C(_:1&1?4+OM]9O..G]*&WUF\XZ?TH;?6;
MSCI_2C.N&JZ;;GVQ"J-*K$234:14H\YEMIS*U:*L*(OJ//U#YX&;IMZ-2*O7
M:S6(<6IURI/3'&G',*0C.$)^CE,O88T?;ZS><=/Z4-OK-YQT_I0V^LWG'3^E
M#;ZS><=/Z49M)CV;$KR7[7K;;[M6JI278#3A&VTI,:1I+0G&[.EO&W/--OLK
M9>0E;;B32I*BR2B,L&1BIG8%`:7,=@-KA.R$QM!3&")A3"C4VI!&1ERXR1Y(
MR+`G*#26Z/#6PE]R0Z\\Y(??=P2G7%JRI1D1$1>8B+D(B$3<G[56?_-R/LK@
MLZU(;0I:U$E*2R9F>"(O./!1JU2*XP[(H]2C3F6G#:6N.X2R2HN4CP*Y?/"!
M2;36S`U,BI5N47Z+3(:34Z[YC/\`A3GR_3@CP*FW9MZ7X92>$"JJIE(6>DF@
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MF.U(95I-.H):%%Y4F62/^QCM```````5GA%N`K7LJL5O2(G8\<R9R?*ZKQ4?
M]1D/'P3V^JV["I$!XC\+6UX1),^4W7/&5GVEDB^H7(````5+A3HQU[@^K]-0
MWINKBJ<:3C)FXCQTD7UI(=G!I6D7#8E#JI.$MQV*A+ID>?SB2T5_]23%I&2H
M8:N7ATJJ)""=A4.BE$4GE+6/[U?W0I1?4._@/D.P(-=LF8X:I-O3ULMZ2MYQ
MUF:FU?1\K_`U,````9/?S9W)PJ6A:3I_[/AH7692.76&@S2V1^S)?]1C6,``
M"`OFB1;AM.JTF5'0\3T9S5DM.=!S1/047F,CP(3@7J2JKP96_(<6I;K<?P=9
MJ/)Y;4:-_P!22$/PAF<OA3X-J:1&:4R)4M7_`+&R,O\`0QF'"NHH?"M,I.#+
MCR12GR+]U1H4:-_^1^H"'(``````#*>&,CH=6M&^VR,DTJ>4>6HCP?@[WBJS
M["W_`/,%3,JWP]46*G\Y'H-)<F&><D3CIZ)?X-)C,KJ<>I=3N[@QCFM''U=B
M/1$ISC5/GI.8]A&E!?W'Z>C,-QH[4=E.BTT@D(27D(BP7^"':`"/KM)AUVCS
M:/4$*5$F,J9<))X/!ERD?D/RCFB4J'1*1"I$!!HBPV4LM$9Y/1(L;S\I^<>\
M``4WA%_5T#^I']F?%R`!0N$A^M1ZA;+UO0H\RJ)E/ZEF0YJT*_1G,F9^PLGC
M=GSB!>L6^;P4AN_KFCLTG.DNE49)H2[_`+JW#WF7LW^S'*/)<-H57@]J2;KX
M-J<;\53:6:C0T&9I?2180X@MYZ1'RXW\I^50L?!E9LRE>%7/<[A2KLJOCRG3
MWE'1Y&4>8BW9QNW$7(1#0P`!3^$>S&;PI#;;4@X57A.$_3YR,DIATL&6\M^#
MP6<>P^4AW\'=ILV=;,>E)=)^6HS>F2<;WWE;U*W_`-B]A$+2`"(NNDHKUM56
MC.$1E,BN,EGR&:3P?U'@Q2."^[8<?@AAU>M2-0BD,KBRS5RI-H]$B]IF6C@O
M*9B6MCA/M"XJ/+JC%23#3#0;DIB9AMUE)?O&G)Y+DWEGE(N7<*I$X1[YJ.NN
M&C6(Y4+2-9HCZ+FA,=27*Z23,]))GR$1?6..,N$V_P!U4FWDJM"BL94P[/9T
MI$MPN0E(/.BC/+_]N0I^Q[RKLBX7K-O*DM0:\Q&\);?C.$IB6T2M'23Y2/V>
MP^3D&B@```#).%-U%S7E:=@,+UB%2BJ530G?H,-EE)*\VEO_`.GSD-;(````
M`,9+P<_^4N$&YK#=/0AR5<;4LO)JU[G$%]!XW?[IBW%PA64JN/4$[C@IJ+*M
M!;:W-%.EY4DL_%-1>4B/(J_`>1U%FZ;M<3XU:K#JFC\[+?BH+ZLJ+ZA\S_\`
M8/#W3I!>+&N.EKCKR6Y3S)Z1'].B22^L:L````,LMW%0X>+LF%XR:;3(T(C\
MQKPLR_P8U,``#&6<"!>`(NZVU;N*ZX^39>9I>]/^ACFI'X9^4#1F4Y,H%!=?
M/'D-;AI_T,N45'AFIAN<,W!W+T",I#[31Z7(>K?)7^BQ^@"```````!`7U0T
M7):%7HBBRJ5&4EO/D<+>@_J41#*?R;O#ZL=PW-5<JEK.-3B498P3+1$9?3\G
M/M%ZKE@L53A*H5ZJD(3Q<PIMQ@T;W%%I:M6?8:S_`+$+V``````*;PB_JZ!_
M4C^S/BY``JUR?M59_P#-R/LK@M(````````P9G@RK4_A`J],J!*;L3C'C?4D
M9$F6\M)?F]V_1(\Y]A>TC&A79P8V?=4Z+.JE,(I+!IRN.K5&\@N1"\?*3N(O
M.1;B,A<X[#,9AN/':0TRTDD-MH21)0DBP1$1<A$.P93PJ9H=Z6->*<I::FG3
M9:O)JGBP1G["\8QJQ#KU[/A'@VN1K]#3U>D6EHYQG'+C/E'8``*I?5]4&S*:
M[(J4QHYFK-4>$E7YU]7D(D\I$9[LGN(0G!);4Z%#F77<1&NY:\HI$DU%O8;/
M>AHO-@L9+Z"\@T8`````&=\)]@S+MET>HT>KG2*E#4MER4C2TSCN)PM)8\OF
MY.4]X]D3@ML=BW6J`Y08TF,C)FZ\G+RU'RK-PL*R?L,O-R"RVY0Z;;E&C46D
ML&S"C$9-H-1J,LJ-1Y,]Y[S,9_P[MN0J+1+LCDK6T&JLR5&7S2CT5E]9Z(U!
MIQ#K2'6U$I"R)23+D,CY!]@``!\@RS@?/PVX.$*M\I2*XJ.E7G2T6"_^0U,`
M`!E=NXI7#M=4#Y"*O38\])>0U(/0/_50^K?_`$OAYNN1RE!I46*1^;3PO'^#
M%MN2TH-P5RWJQ*><0]19"GVDH(L+,R+<>?:E)_4+*````````/+`@0:<VXW`
MAL16W'%.K2RV2"4M6]2C(N4S\ICU```````*;PB_JZ!_4C^S/BX.&I+:E(1I
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MST_LR5W8IO"Q6J#<M@UBF1G)QR]43T?_`&=)3^<;,EEO-O!9P99]H\['#9;C
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M)7=AMU;GST_LR5W8@KVN&W+AM*L44G9QKEQ7&V\TR3N7C*3_`%?\1$*_8'"S
M:\"UJ92+IJ#U+K$&,AA]J7&<29FDM$CR23Y2(A8GN&3@W;:6YM,TO1+.BAAT
MU'["+1'IH?"E:%:B')B29OBJ-#C?@#RU-GG][02HBSREO$B=]VV1&9OSB(N4
MSIDG=_\`UCPTCA/LZKQUR($Z4\A"S0HVX#Z\&7GT4&6\MY>P>_;JW/GI_9DK
MNQUO7[;;;+CAO3L(2:M],DER%GRMB@<"%RTBEV(TJ>Y,3+F2GY3A(@/N%E2S
M(O&2@R/<DN0QH>W5N?/3^S)7=AMU;GST_LR5W8;=6Y\]/[,E=V&W5N?/3^S)
M7=AMU;GST_LR5W8RSA%N.4S?5O77:%,EU.0S%?AR$.P9#:$I5\@U&:"/&5&>
M[S"4X-Y[-&J=P7!<]1-ZKUIQI;K<*E2]6T2$F1$1FWD^7_'*8O\`MU;GST_L
MR5W8;=6Y\]/[,E=V&W5N?/3^S)7=AMU;GST_LR5W8;=6Y\]/[,E=V&W5N?/3
M^S)7=AMU;GST_LR5W8;=6Y\]/[,E=V&W5N?/3^S)7=AMU;GST_LR5W8;=6Y\
M]/[,E=V&W5N?/3^S)7=AMU;GST_LR5W8;=6Y\]/[,E=V&W5N?/3^S)7=AMU;
MGST_LR5W8;=6Y\]/[,E=V&W5N?/3^S)7=AMU;GST_LR5W8;=6Y\]/[,E=V&W
M5N?/3^S)7=AMU;GST_LR5W8;=6Y\]/[,E=V&W5N?/3^S)7=AMU;GST_LR5W8
M;=6Y\]/[,E=V*W=URTFL/4&+!<E*=*H&K#L)YHL%&?\`WEH(O+R9&DO-ZUI;
M1J6C32:=)!X,LERD?D,5B+9<"-2DTI,^HJAMI;)A"G4_HZD*)2%H,D_*)22/
M)YSOSG)B:HM*CT>&J-'6ZX:W5O.NNF1K=<6K24I1D1%DS/R$1%N(B$-<G[56
M?_-R/LK@M.`P&`P&`P&`P&`P&`P&`P&`P&!\J0E:32HLI,L&1^4A5;2X/[3M
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M4)W.&9\A*W_4:O,0GF^&JAN7`S'33IB;;=>.*5><(TQ]?C.CO+Y/^\9Y\N,;
MQ<.$JH)I_![<4Y"RRFGNDA1'Y5)T4_Y40XX,(/%W!Y;<0RPI,!I2B_WE)TC_
M`,J%KP&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P*;PB_J
MZ!_4C^S/BY``JUR?M59_\W(^RN"T@``````````````````````````/AYIM
M]I;+S:7&EI-*T++)*(]QD9>4ACU!X*)5(X0XDM,TG;1IRG9M/A+69G'D.8(T
MD7\)8TB//D+RY,]/N.WZ1<M+72JW"3+AJ4E9MJ4:?&2>2,C(R,OJ/SCXGVW0
MY]O+MQ^FQ^*5-:HHR$$E*$^31(N0RY2,N0]XS>/P,NNT]%'K%^5^;16O$:@M
MK)I!-D>4I5RZ6-WD+V8&N1F&XT=J.RG1::02$)\Q$6"(=@``````````````
M```````*;PB_JZ!_4C^S/BY``JUR?M59_P#-R/LK@M(`````````````````
M```````````````````````````````````"F\(OZN@?U(_LSXN0A+PJ<FD6
M]*FPDMJE$IMIK69-*5N.);)1D7*1&O./+@==K3ILA56@5!]$A^FS/!O"$H)&
MM2;3;A&:2W$>','C=NR("Y:R9W10W&Z-7'6J;*?-]QJFNK3@V%H(TF1841J4
M7();;*+ZDN/L=_X0VRB^I+C['?\`A$?4;QD',I?@-$N#P<I)^&Z5'>SJM4O&
M,IY=/0Y-_P!0D-LHOJ2X^QW_`(0VRB^I+C['?^$1T6\9/'-0.11;@XMU3/@N
M*.]G3\?69\7/\'+]0D=LHOJ2X^QW_A#;*+ZDN/L=_P"$1M`O&45(CE6J+<!U
M#QM;H4=['RCQR)Q\G`DMLHOJ2X^QW_A$=7;PDG35<3T6X"FZQK1TZ0]C0UB=
M/E3CY&D)';*+ZDN/L=_X0VRB^I+C['?^$1[UX2./(AM42X.+/!GM?FD/9UND
MWJ\>+G&-9R;N3V"0VRB^I+C['?\`A'&V47U)<?8[_P`(CZ5>$DGJEQC1;@-O
MPM7@FC2'OU&@C&<)Y=+3Y=XD=LHOJ2X^QW_A'FJ-XYI\HH-$N$I>I7J=*CO8
MT]$]'E3CEP%.O'%/BE.HEPG+U*-=HT=[&GHEI<B<<N1Z=LHOJ2X^QW_A$=5+
MQDF]3>+J+<!-E+3X7I4=[]1H+SC*>72T.3>)#;*+ZDN/L=_X1SME%]27'V._
M\(CV;QD<=RS=HEP<6>#,ZC%'>SK=)S69\7.,:OEW<OM$AME%]27'V._\(;91
M?4EQ]CO_``B.H5XR2IJ2K%$N`YNL=TM"CO8T-8K0Y$X^1HB1VRB^I+C['?\`
MA$;7[QE'2)!46BW`50\75:='>Q\HL\J<?)R)+;&+ZDN/L=_X0VRB^I+C['?^
M$1TJ\))UFGG'HMP<6ZI[PK-(>SI^)J\>+G^/D^L2.V47U)<?8[_PAME%]27'
MV._\(CZ=>$@IE4\.HEP>#G)+P+%(>SJM4C.<)Y=/3Y=_U"0VRB^I+C['?^$?
M*[QC:*M&B7'I8W?['?Y?^4>*AWB^5&@%5Z)<)U+P='A6C1WL:W1+2QA..7/(
M/?ME%]27'V._\(CJS>$DVHO%=%N`G/"V==I4A[]1IEK.5/+HY]OF$AME%]27
M'V._\(YVRB^I+C['?^$1NV$KC_/$MP<4^"<G$[VEK]/_`(<XT?J$EME%]27'
MV._\(XVRB^I+C['?^$1]'O&234KC2BW`;GA;VIT:.]^HTSU?(GET<>WSB1VR
MB^I+C['?^$>"N7B^=&GE2*)<)5+P=?@NE1WL:W1/1SE..7'*/:F\HVB6E1+C
MTL;_`/8[_P`(^MLHOJ2X^QW_`(1'3[QDG4:6<.BW!X&3KGAN:.]G0U:M#&4Y
M^7H\G^@D=LHOJ2X^QW_A#;*+ZDN/L=_X1&PKPE%5JF<NBW!Q?^:\#(J.]GY)
MZS.$Y^5CE^H26V47U)<?8[_PAMC%]27'V._\(CJ!>,DJ+"*M46X#J6J+PC0H
M[V-/RXPG']A([91?4EQ]CO\`PB/K5XR#AM\542X"D>$,:6E2'L:K6IUO*GET
M-+V^;>)#;*+ZDN/L=_X0VRB^I+C['?\`A$<N\)/'S)IHMP<5>"+UA<4/:6OT
MT:/[N<:.G[!([91?4EQ]CO\`PC@[RB^I+C['?^$1U(O"47A_&=%N`_TMSP;1
MH[WZC=H9PGEY>7>)+;*+ZDN/L=_X1XZO>+ATF<5,HEPE/\'<\&TJ.]C6Z)Z&
M<IQ\K'+N'?&O%HH[7A%$N+7:"=/%'?\`E8W_`+OG';ME%]27'V._\(CZC>,@
MYE+\!HEP>#E)/PW2H[V=5JEXQE/+IZ')O^H2&V47U)<?8[_PAME%]27'V._\
M(CV;QD<=RS=HEP<6>#,ZC%'>SK=)S69\7.,:OEW<OM$AME%]27'V._\`"&V4
M7U)<?8[_`,(CJ%>,DJ:DJQ1+@.;K'=+0H[V-#6*T.1./D:(D=LHOJ2X^QW_A
M$;7[QE'2)!46BW`50\75:='>Q\HL\J<?)R)+;&+ZDN/L=_X1!W'5'+@?HT6#
M1JTE3,TWG%R*<ZTA*=0\G)J41%RJ27UC1!Y:G`B52`_`G,D[&?3HK09F62]A
MEO(R/>1EO(R'31J3#H\9QB)K3UKAO.N/.&XMU9X(U*4>\SP1%]!$0D-P`&X!
MPI24)-2C)*2+)F>XB`L'R#D-P;@#<&X!\*=:0:24M*34K1(C/&3\WTC[W!N'
M&X<AN#<`^34A)X,R(_:/K<`XW#D-P;@'RI24EXQD1>T<E@RR0Y#<`;@W`&X-
MP!N#<`XW#G</E:D-H4M:DI0DLFHSP1$!+0K1PI)Z19+!\I#Z#<&X!QN'.X-P
MXRG.-V?,.0W!N`-P;@'R:DD9$9D1F>"SY1]`.-PY#<&X!UN.M-)TW7$(3G&5
M&1%GS#LW`.,ISC)9\PY#<."-)YQ@\#D?*UH;2:EJ2E)%DS,\$1`A25I):#)2
M5%DC+>1D/K```H-Y+I=/N%NJU2M/4U28.A'<BFM;J#)S26HVTI42D8T2,U$9
M?0>#%@M"HN5.F+?<JT2I:+IH)Z/&4P9$1%XKB%&9I7OSY-QEN(3PRM^HTR@S
MJ@AFZSI]5=G2'74&P[+B*RLUD2R(L(42-'.BI)D1;\C383BG8<=U3K+REMI4
M;C/R%F9%O3O/<?DWGN$==K#<JUZQ'>>:9:<ANI6X]\A"32>35[,<HJ%%JM+9
MKD6!2*G6*;#UB4^`3Z:X3"M(CT$MK<22F]+!Z):6CN,B3G<-'%*X3B_V1#6N
M0T3*9/C1G)#K)R#T%:))4TE2S4D\+T2(\Z/LR(;@F-#SLE]B7$428S:)&ID/
M.+F.Y/\`2EI=2DTFHB,O+G>6?%(:<,?X2U(8N362)L=Y*D,_HZI<E!I:R9*8
M4AE"DZ+I_O*\V,'@A?+!02;8C*0_'<86MQ;*([INML-FL]%HEF1&>C\G>18Q
MC!8%D,?GMR'";G.I-4!UI]I;::D]39>CN<WSB=T32;I&HB-1&1;DGIZ.XOT&
MDL)(LF?M/RB`O@U)MB:LI;<9*-!2U./J8):"6DU-ZQ)&I.F64Y+?XVX4+@Z7
M`=N'64M]%/-3KZWJ>J5(6K5DA*2;T7$DE1DO*S46]&23O(]VNC/N%-V/';@/
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MVM`=6ZRXITEN:3#VM1XRU*P2\%G&<9P7)R%R"=?2I3+B4.:M1I,B7C.B>.48
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MNGG*5F1&:E'A1F0V,N05;A!;CKHB%/5Z91W$O)-EV*M9*=7@_P`V:$>,LC+.
M23OW9(RP(7@K7'4574<^2Y.7(-Q<9^6^[JVSP2%$3Q)5XV#WZ/F(^0:&,MX3
MTMHENKC5^I>&.1%(52F9$A+9D9*)+GYE*M!6?XBT5$6-W*+Q9YPSMN!X!.<F
MQR;P3[CRG5*,MRB-2M^X\E@^3&/()H8E+I]"1<$68AZLR*`U+5(=ENIG&ADM
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M%O,SP1&0M(``J]WT=J0T[4TU>13%IC+CO+:4VDGFC/.@9N),DGGD46#+2,=]
MG1J:B`Y+I[Q.*DFA3R2?2Z3)I;2E+1&G=A"2(O.?*>3/(L(I%2H*6ZTRW&JT
MY2'92I106G&B\%6XE9*DEE!K,B49F23,TZ2O9@6ZFPX].I\:!%2:8\9I+3:3
M/)DE)8+>?+R#ZFQ6)T-^'*;)R.^VIMQ!GC2298,A1Z=!H3=U+I4FNKJ$YHF'
MD)E5)*WU+;TS2VILL&:4$9++);S5I'DR+%_$1<%+34&F'T5!ZG28:S=:EM$@
MS;\4TJR2R-)I-)GG)>W=@0MCPZ2G2E19QR9;;:F#2J4AXTHURU&X>@1$1N*\
M<_I(BP18%Q%,NVBLK?=E-3I)*F$C74MIQM)5`VSR1$:DFHCQRZ!EDB^L62CT
MUFEQ51VG'75+=6\XZZ9&IQ:U&I2CP1$6\^0B(B'O&<5&CVW3JW$I$VL*)B6T
MXTW$DU-+9QVU*2>K:1DE&E9D:3SGQ2T2,B/`T<B(B(B+!%Y"'@K--;JM/7#<
M>=8,U(<0\R9$MI:5$I*BR1EDE$1[R,A5K;ATY5<>.16USZA&DK=2I<EK,A:F
M4(4YJT$6CH)RV1<A8,SR9Y*\"!N6F(DG'J":V_1I#!*9*4T;>]#AI(T&3B33
MO-*<>7)%]!_-HTAFG06Y),R67WXS#:F'W=,V$-HPELCP6<94>>4S4?L(K`*+
M=T"BTN6U5IE85"1(F-.+C/3TL1UN$9$;Q$KE6A):6"/!FDC,C,6VCQ(4&EQ8
MM/,CB(;+5JT]/2(]^EI;](SSG/ESD>F0PU)CNQWT$MIU!H6D^123+!E_84$J
M5#CUF+09MT3Y%/:2AQ$23+8(M-*TZMH\()Q7D,LJWX+.1H0BKBIL:I4_$F6]
M".,LI#<MEPD+84DC\<C,C3R&HCTB,L&>1&6O2W?"G*M/J,^>^C61XSDI;1IU
M)J(]-!-H27CZ*3R>3W%O%H%2O>G4]N)(KSE2D4V6S'-!/-3_``5+V,FAM9GX
MI^,>XSWEI'CE$I:L>ELTAMRDR_#&)"C=5*\)\(-]9X(U&YD](]Q%[,$6[`F1
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M'C`N$.,Q#B,0XR-!AAM+;:"/.BE)8(O[$$R,Q-B/1)3278[R#;<;5R*298,C
M^H46GP*&U=J:2]<4F:Y%0AYB'+K&N43I&H\&T9Z1F@B0HC5GESRED:`(BX*2
MQ4V&7%S9$!^(LWFI<=:4K:/1,E?*(TF1I,R,C(R_U$19C41]Z34G*R[4ZD9*
M9-3TAIPVF2<5HX)I*4D2L$K>6=Y;]PMPJ%T4LV9+U3IE7GPJE);)'@L5UHO#
M#06[Q74+\8DF>].-W+Y!/T6F,4B"41EQYTS6IQQYY6DMU:C,U*49$19,S\A$
M7F(2`SFJ4BW:=6X5&?KK\>#,TS537*QJV\'C1;2T9Z1H4>D6B1XW8QC<-&(B
M(B(BP1#PUFFL5:GN09"W6TJ-*DN,KT%MK2HE)6D_(9*(C+Z/**O;\>,]<+AS
M+EDU63`6I,1M^0P><MD2W"0TA)Y+24CQLXP?)D785^Y:5'D.QZGQO)I,Q@C9
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ME@`!4>$AN,NBQ5OOH;4U,;<:2N`J:3JB)1Z.I29&KQ=(^7=HZ7D''!U.;FTR
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M09'IK4:S)25%N+!&1Y/>-`&?\+#R#IT6(Y&\(;5K9#R4QF75H:;(M):5/*)*
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MA,FU93!O&TXMUC4F3)/:3NN0;:=`U))6DK1+!F1;]YX%>L)=6GU^75Y$R&VJ
M3&CK?BIINI4IO#A(-*TO*(S)>F1F9&?BX+!8,:.,\X1SB,U>DRG'V#D):<;)
MAZCKJ)&E:VR)6BE2=`]+13GRFK`M%GRDS+;@2$-I;)2#+13%\&(L*,MS6DHT
M<GR3/)>7?N$V,6NQ3<N[Y,TXM1(H[QH;E4Y;,$R2V;:'#=>R;RTI-TMQ$18Y
M",BR->I<>1$I[$:7-7->;3HJD.))*G-^XS(MV<8Y!TW"F.N@5-,M\V(QQ'2=
M=(CRA&@>5;M^XLGN&96DFM2:Y1];,AQ7H4=V(TARCDV;C:3:-9&:)!Z*C2:#
M(ODED]QF1D6O"F\)912I,%^2^VVIB83K:'*>J<EPR;7I$;*3(SPG25G/BZ.1
MZ.#Z8B72)!(9;;)J2:/S=-.`E64(5G5*4H^11;SQGR%C>=J&3\)NC4+@CPRA
M39&H:0254]##,A+JB<6E*9#BM).2:5\@BW[LY/`OEGM/-T*,XY4)$QN0A+[)
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M+<I)K5XV<\F"+DQN%G&10ZEQ==CD6&Z\_$<JJEG_`+$29)UCYI5^D&X6XG-(
MM,RY2P6=Q#71%W-+3`MZIRUZ.&HSBO&:UA&>B>"-.2TBSY#,B]I#,[`ISR*\
MI$=56I;J5+<=0IV.F*Z;3I-NM)C-90GEWKSI%E)D9Y&P"A\)KRX?$]2BNEX=
M">=?;:5&)]*VR:43BC(W$$G12>=+.?(1'D>G@[BSXS%2*3.BNH.:\;K+<`XR
MFG]/Q^1Q:3298,L<N<F9F9BY@`"N713*S4W(R(#M+3'94ETBE-.J63I&>#)3
M;B<%@\&7E(S(]QX$1P7,ICP:I'1'2269FJ3*0IXT/I2A)%H$\9J)*/D8(S3X
MNX7H8Y?B*HQ4Y2*M4Z35(SY*2Q!CTYIZ<31JTB032\FX1&23W*+>1'@:M1DD
MBD04);4V28[9$A31-&GQ2W&@MR?^'R<@\]S5-=&H,ZIMM)<7':-24K/"<\F5
M'Y$EG)GY"(QE\14;:YBM,LT:4DJDQ`<7'2Y^F25(TG7VDZPT)U9N9^2H]SAF
MHCWC92Y!"73`J53IQP8"J>3;V4OE,:<61IQNT30M)I,CWYSN\F\5BR(ST.[Z
MW&DLM/OH:2MR5'.0332UJ-2FB2ZI1$:C,G#-![S/?OP-"&9\(Y5:/.3)=K=$
M*EF6&H,J,T<@E&G15JS7DEFHC46,%N/&1:.#]MMNT:>EJ&]$1A9DR]!*&M'C
MGRM%DD_]^7RBPON:IEQW04O02:M%!9,\%R%[1AU9GL5G_P`P.,4&1)A4],^9
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MHP*E2Y=3:ILQR144XBP4RVE/&M:#<W:Q2-$C2EPTJ+1,T&9[S,QK!"`O-JK.
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MO,;"*3P@5R-3R3`J"814U<1^5**7N.0EO&&6MY?G#4HCSOQ@L$9GN\?!A&53
M)%3I#L>"F0TQ%?>7%)?YM2R7EA1K6LS-&CNWEN7G!9WZ$*+>5$JU07*F/2*.
MW`99625N,R"=0WXJE94VZG)DI)*+=N,B,MXF+!4I=HTU:H:XJE(4I2%J6HU&
M:U&:\N>.>G\OQM_C;Q//I<4PXEEPFW329(6:=(DGC<>/+]`Q9Y$[::)$K<RE
MUR64UMQ2Z52F9#C:B,DDMY'RFL)(BT\JP1%YAMHKUX51RFQ(;2'(3'ALE,9<
MB=O892:5*4:BR6<DDTD62R:B^@4C@[*(Q<,:1#@P6X]7C29,9MK6*=BL)=03
M:C4I:BT74FD]R4EE)$62+=K`K5TTJLU1Z.F&Y2BBLF3A%+9>4LG/&(\*0XGQ
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MI*W)4<Y!--+6HU*:)+JE$1J,R<,T'O,]^_`T(9GPCE5H\Y,EVMT0J698:@RH
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M,R(L'8^#EQ!T!R.VW'T8LQ^/KXQ*)N2:5GETM)2C,U'RY4K>1[Q:P``'">0<
MC\FW8^]3[GK[L!YR*X[/D:Q3"C0:_'/E,N4?I^VE*7;M*6M1J4J&R9F9Y,ST
M"$DHB4DTJ(C(]QD?E'D:IM.94PIF!%;5')2630TDC:)6-(DX+<1X+..7`]@#
M@N4QR/S;PMJ5%X0*G,BJ-B433!:YH]%>-66[2+>-@X)GGI%@TIZ0ZMUU6MTE
MN*-1G^<5Y3%R'B.F4W.>+XN=<4C.I3^M+D<Y/E>WE'M`<?O?4.1B/#VA'&E!
M>T$ZUIE]3:\>,@\HWD?D$KP"S)<REUA<R4_(6F2@B4ZX:S(M#VC61Y'Z;3I"
MGU2($5TY#>J>-QI*M8C^%62WE[#W#U(2E*22E))218(B+!$0Y'!\I#D9CP[M
M-/6K`2\TAQ)5!!D2TD9$>@O>*MP%3ILFY:DS)F2'FVX?B(<<-1)_.)Y",]PW
M<=#L6,X^W)<CM+?:(R;=4@C4@CY<'RED<Q(T:''1&B1VH\=LL(::02$I+S$1
M;B'<.%<@Y%/X5T(<X/JTAQ"5H-I.4J+)'^<2,;X*9DM-_P!*@)E/E#3K22P3
MAZLOS2N1/(/TH.F3%C2B04F.T\3:B6@G$$K147(99Y#]H1HT:-K?!H[3.M<-
MUS5H).FL^51XY3/SCN`^0P+D'AK9$=&J!&62\'<_^)C\K6M*DPJS1(D.0['C
M+E,:3+*S0A65ISE);A^MQU28[$IE4>2PV\RO<IMQ)*2KZ2/E'RS#B,/N/LQ6
M6WG$I0MQ#9$I24YT2,RY2+)X+R9'>`X3R#D?D:OOOTZM5E=/><B*=FR#<-A1
MMFL]-7+CE'ZLHZC528*E&9J..V9F?E\4A[%$2DFE1$9'N,C\H\C5-IS*F%,P
M(K:HY*2R:&DD;1*QI$G!;B/!9QRX'L`<%RF.1^;>%M2HO"!4YD51L2B:8+7-
M'HKQJRW:1;QL'!,\](L&E/2'5NNJUNDMQ1J,_P`XKRF+D/$=,IN<\7Q<ZXI&
M=2G]:7(YR?*]O*/:`X_>^H<C"^'A*4W!1Y"4D3S41PVW"+QD'IEO(^4A8N`B
M7+F6]4G)<IZ0LIF"4ZLUF1:M/E,:D/&_3*;).0<BGQ7CD))#VL92K6I+D)62
MWE[#'L(B(B(BW`.#Y2'(RKAZ::=H-))UI"R3.TBTDD>#U:MX@^`>=-E5JKHE
M3)#Z$1D:"77#42?'/DR>X;B/.[$BNOIDN1F5OH2:$N*01J2D^4B/E(C\P^HL
:>/$CMQHK#;##1$EMII))2A)<A$1;B(=P_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g127356.jpg
<DESCRIPTION>G127356.JPG
<TEXT>
begin 644 g127356.jpg
M_]C_X``02D9)1@`!`0$!KP&O``#__@!"1$E32S$S-#I;,#9.64,U+C`V3EE#
M-#4V-2Y/5510551=-#4V-5]63$-#7TY%5T),1%]215-!3%],24Y%+D504__;
M`$,`!P4&!@8%!P8&!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@
M&1HE,B4H+"TO,"\=(S0X-"XW*BXO+O_```L(`:D"I`$!$0#_Q``<``$``04!
M`0``````````````!@,$!0<(`@'_Q`!B$``!`P("`P<,#@8&"`,'!0`!``(#
M!`4&$1(6(1,4,4%6E-('%2)187%T@9.5T=,C)C(V4U159I&AHZ7!U#-"5[&R
MM`@U-T-2DB0T8G)S@J+"%R6S.$9D@^'B\&-UA*3#_]H`"`$!```_`)E?L2WV
ME9B.UQ5TK:J>KEGH)@!G!3P_IFC9EV.YCA^&"RU9>J]M7-'%4U#(1.YA9NI)
M(WY,QV1X1FUH`[0`RX%Z@QM71B,-AHWP,:(3$^=SJG2%)N^Z$<;.+MY'2SXE
MXJL:8@HH'LJ:2VNJ6LCG<8G/(;$Z$O/8$Z;LB,BYN>0(.CQ+/8DQ+/0QVW>#
M[<TUD$M0)JV9S(M%C&NT00,\W:7B`<<CEDK&RW*[UMFQ3=)GO9,>SI86EQ-.
M-Z1O:W(_K`OVY#:<^XKZV7R*LNMI;%<X9H)+699M"5I!D<^$1DY<!.;P.WM4
M=PQ>:ME^I3<KS)4PU8J7LJ(JMDE/*QN;NRB+6N@+`,N,9@@G,A2/$DC)+_0T
MM3>)[=2&AJ)B^&I$.;FOB`))V'(.=L.Q8&SXSNSV6V.H;12_ZI',)28JBIW=
MY:V5C`,@-')Q''V?N<ECH\:W6W6(SFI@J:QT39@VI!=FUE'#(_+(M`S<_:2X
M9:6P.X%G;ABZ[LCJ9Z.EH7PBH9!"#(72$&G;,Y^CF-,#2RR;MR!=Q9*96FL9
M<;71U\9865,+)06$EN3F@[,P#EMXP#W%=HB(B(B(B(B(B(B(B(B(B(B(B(B(
MB(B(B(B(B(B(B(B(B(B(BH.I*5Y)=31$D.!)8#L=EI?3D,^WDOII:8DDT\69
M.?N!PYD_O)/C7@4-$)3,*2#=3'N1?N;<]#_#GEP=S@7FJMENJPUM504LX:X.
M:)86NR(&0(S'"`3]*JU-+35;&QU5/%,QK@\-D8'`.'`<CQJHUC&%Q:QK2XZ3
MB!EF>#,_0%;Q6Z@A$@BHJ9@D>)'AL31I/!S#CD-I!VYKXVVV]LE1(VAI@^H!
M$SA$W.4'A#CEM\:^UEOH*[<]^45/4;G[C=HFOT>]F-G`JCZ6F?4QU3Z>)U1&
M"UDI8"YH/"`>$*E+;K?*QC):&F>UC@YH=$TAI`R!&S8<MB\RVJV34HI)K?2R
M4S7!PB?"TL!`R!R(RS`&2O&M:UH:T`-`R``X%]1$1$1$1$1$1$1$1$1$1$1$
M1$1$1$1$1$1$1$1$1$1$1$1$1%B#?J766/#PAJ=].I7U)D,3A$&M<P9!Q&3C
MV8V-SRX\MBQ!QU:WON<=+!45,E)5PT<08`!532>Y$9)RT0<P7'(=B[M+/62Z
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MGLW/XNDFM^$^4]FY_%TDUOPGRGLW/XNDFM^$^4]FY_%TE4CQ1AJ5I=%B&U/`
M.6;:R,[?\R^7.R;_`+S3U[JE\4<=#4T;FQDM?[*8SI-</<D;G]?<49CP!)1/
MJ9K?=9'N;+134<=2-)D9IVEH:[1`V%I(S'!P[<E*,,6J:TVU\-3,R:JGJ)JJ
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MHK91T\6]HSH0P-8W/;MR`73Z(HMB3WU8/\+J/Y612E$1$1$1$1$1$1$1$1$1
M$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1%S=U</?R[P6+\5TBB*+8D]]6#_
M``NH_E9%*41$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$
M1$7-W5P]_+O!8OQ72*(HMB3WU8/\+J/Y612E$1$1$1$1$1$1$1$1$1$1$1$1
M$1$1$1$1$1$1$1$1$1$1$6,H+W;*^LFHZ6J:^:+A'$[MD'C\2R:(B(A(`))R
M`XU%[IC&AIJ@4M##)<*C/(B'W(\>W/Q*SZ\8OK-E'8F4[3P.FS_$C]RRV'XL
M2-GEEO533NB<S)D48&8=GPY@>E:,ZN'OY=X+%^*Z11%%L2>^K!_A=1_*R*4H
MB(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(H5B*\55SK.L%B)=(
MXEM1,W@:.,9]KMGQ!>:[!PI*&">SS/;<:;LM//+=3^![7%Q%97"V(H[M$:>I
M`AN$0RDC.S2RX2!^\<2D2(J%564M(S=*JIBA;VY'AO[U':[&UG@)93&6KDXA
M$W($]\_AFL9O?$6*CG5$VVV$_HP#I/'>X3X\AW%*K/9;?:(M"CA`>1DZ1VU[
MN^?PX%DD7-W5P]_+O!8OQ72.:9HHMB3WU8/\+J/Y612E$1$1$1$1$1$1$1$1
M$1$1$1$1$1$1$1$1$1$1$1$1$1$113&%UK&34]DM>>_:L;7`Y%K>#8>+/([>
M(!9/#ECI[)1[G'V<[\C++_B/:':`6844Q-AV2HF;=K0=RN41#LFG+=,OQ_?P
M%4:'&38I127VCEHJ@;"_1.B>[EPCZU*H*NFJ(-\05$<D.6>FUP(^E16ZXJFJ
M:@VW#D)JJD[#,!FUO=';[YV=]?+?@N*4[ZOM3+5U;SFX!Y#1W,^$_4I+0VNW
M4`RHZ.&$]MK=OT\*O41%S=U</?R[P6+\5MR]0[VQQ#72W"MCIGV6MW31?FR#
M1=!V3&Y;'9$GCSR4#H([<:`55#4P4UFJ)J&.NHQ6;K*Z#="73U1!R:Y^;6O`
MXL](\0V5U/WE]@>8W%U$*VJ;1'/,&G$SA'HGC;HY:/<RRV9+!8OUHUPPYO/K
M1N.^Y]Z[KNNE_JS\]/+N:667<69]O_S;^W3V_P#S;^W3V_\`S;^W3V__`#;^
MW3V__-O[=/;_`/-O[=/;_P#-O[=/;_\`-O[=/;_\V_MT]O\`\V_MT]O_`,V_
MMT]O_P`V_MT]O_S;^W3V_P#S;^W3V_\`S;^W3V__`#;^W3V__-O[=/;_`/-O
M[=/;_P#-O[=/;_\`-O[=/;_\V_MT]O\`\V_MT]O_`,V_MT]O_P`V_MT]O_S;
M^W3V_P#S;^W3V_\`S;^W3V__`#;^W3V__-O[=/;_`/-O[=/;_P#-O[=/;_\`
M-O[=/;_\V_MT]O\`\V_MT]O_`,V_MT]O_P`V_MT]O_S;^W3V_P#S;^W3V_\`
MS;^W3V__`#;^W3V__-O[=/;_`/-O[=/;_P#-O[=/;_\`-O[=/;_\V_MT]O\`
M\V_MT]O_`,V_MT]O_P`V_MT]O_S;^W3V_P#S;^W3V_\`S;^W3V__`#;^W3V_
M_-O[=/;_`/-O[=/;_P#-O[=/;_\`-O[=/;_\V_MT]O\`\V_MT]O_`,V_MT]O
M_P`V_MT]O_S;^W3V_P#S;^W3V_\`S;^W3V__`#;^W3V__-O[=/;_`/-O[=#K
M^!_[M_;J.6?6.[7BHO5%UK=50^Q.,^Z[EP9=AEMX!Q_XE(_;_P#-O[=/;_\`
M-O[=/;_\V_MU;UM%C2NA,-93X7FC[3VSG+O=I8`X(Q,14Z%3:8&2`911/G+2
M?]K/:0LU;+9C&UP;A0T^&HVG:X_Z07./;)X2KWV__-O[=/;_`/-O[=/;_P#-
MO[=/;_\`-O[=/;_\V_MT]O\`\V_MUH7JO]?M<'=<NMV^-[1_ZOIZ.6W+W6W-
M=2KX0""",P>VOH``R'`HMB3WU8/\+J/Y612E$1$1$1$1$1$1$1$1$1$1$1$1
M$1$1$1$1$1$1$1$1$1$6$Q?<.MUAJ96NRDD&Y1]]W'XAF?$OF#Z#K?8*:-S<
MI)!NK^^[_P"F06<1$1$1$1%S=U</?R[P6+\5TBB*+8D]]6#_``NH_E9%*41$
M1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$10C$YZ[XHMMD:<XHCNLX
M^O\`</\`J4W&P(B(B(B(B+F[JX>_EW@L7XKI%$46Q)[ZL'^%U'\K(I2B(B(B
M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B\2R,BB?+([18QI<XGB`X5#
ML#1OKZZYW^8=E/(61Y\0X3_VCQ*:(B(B(B(B+F[JX>_EW@L7XKI%$46Q)[ZL
M'^%U'\K(I2B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(BB^/:\TM
MFWK%GN]8[<F@<.CQ_@/&LQ8:`6VTTM'LTHV=F>VX[3]9601$1$1$1$7-W5P]
M_+O!8OQ72*(HMB3WU8/\+J/Y612E"<AF5$:>X5S:N>LC;*YE:R0T[91FPEFU
M@;M_68''OJYEO=5,!)1MCW"1LDL3R!V3&:(VYN'"2=O$!P<:J.N=:[=':44>
ME.V"*-L>D[/0#SMT@"=I[0R&?<5NR^5LM**EKZ5FYLB+F.:3NA>\MV9'9EEW
M=N:OK;<JNIK`V2-HADW31&P%FB[+_$2>[L&16+JZFJIV7)YGD-//5&-ITC["
M\.:``>(.&8[X[JNWWBO#II&Q1[F#+DUV0($;LC^MF20#Q#(D>.TJ+S55M)/'
MH,8T:,A+7%N<;I&;EMXLVEV?>5U15;Z6YOILV-BDF8W1W8RM8#&\[''@)+1L
M[7?5O+=IIA3U0&9T8I,HG$:8TY!EEGEMT0LA:*F>>YO,U5%-I4<4@$6QK=)S
MN+,_2K.B;5B$5\;2T123ODE=.YVZM!>`W1X.'+O9*JVX5K:BEC>^$3U4,6<F
M3M!FD7GW.>W@R';)\2"\5IF#6""1D>YA[H\M&72<1F"7`C@V9`[<PI(B(B(B
M(B(B(B(B(B(B(B(B(B(B(B(B(B(H.?\`SW'67NJ2V-\1<#TOX5.$1$1$1$1$
M7-W5P]_+O!8OQ6\:S$L%'B%UGGI*EC&4,M:^J<S*/1C+,VM_Q'L\SVLNZL1%
MCE[J5IFLTD5=4MI9**F,X.[,J'.;&7.R[`C1=I#(Y`;"Y22P75MWH#4[B8)H
MYI*>>(NTMSDC>6.`/&,QL/&,N#@47Q9?K'38OPQ%47FWPR4U7.9V25+&F+.F
MDRT@3V.>8X>V%GM;\)\I[-SZ+I(<783(R.)K-EX=%TEYUKPADT:R63)GN1OV
M+9WNR7A^)L%R,8R3$%B<UAS:'5D)#3W-NQ),3X-E:62XAL3VDZ1#JR$@GM\*
MLJB[X'GE8]V);.UK<O8VUT(:<CGV\QMX<B,^-7S,48-CD?(S$-C;(_W;FUD(
M+N^<]J^G%6$"TM.)+(0XYD;]BVG_`#+RW$^#&R/D;B&Q!\FQ[A60YN[YSVKZ
M<48-+2TXBL9:0&D&LAR('`.%>#B3!)B,)OUA,1.99ON'1)[>6:]MQ3@YNB&X
MBL8T<LLJV'9EP?K+Y#B;!D&>X8@L4>EM.A60MS^@KV,681#2P8ELH:<]F_HL
MOXEYDQ1@V1A9)B&Q/:0&EKJR$@@<`X5\UFP7IQOU@L6E&,F.WY#FT=H;=BLX
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M'BV`YK!8*O.&[9;9'UV(;5%6U$A=*R6MC:]N6P`@NS!X3XU)-;\)\I[-SZ+I
M)K?A/E/9N?1=)-;\)\I[-SZ+I)K?A/E/9N?1=)-;\)\I[-SZ+I)K?A/E/9N?
M1=)-;\)\I[-SZ+I)K?A/E/9N?1=)-;\)\I[-SZ+I)K?A/E/9N?1=)-;\)\I[
M-SZ+I)K?A/E/9N?1=)-;\)\I[-SZ+I)K?A/E/9N?1=)<^]62[6JMQFZ>BN='
M41;VC&G#.U[<]NS,%=#W.Q07*YQ5L\KM!M%443H@/=-F,9)SXLMS^M1Z+!%4
M(V2SW>.2NI64D=%**8M9&VG<YS--NGV9=INTB"WN9*28=M1L]O=3R5`J*B6>
M6IGE#-`/DD>7NR;F<AF<@,SL'&L)B>DI7XLPFY]-"XR5=1IDL!TO]%DX>WP*
M2=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]
M"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]
M"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]
M"=;+=\0I?(M]"MKC9*"KHIJ=M-!$YX[&1D306N&T'@XB`J%FBH:VDSGMU*RK
MA<8JB,0M[%XX>+@/".X5D.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.ME
MN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.ME
MN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.ME
MN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.ME
MN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.ME
MN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.ME
MN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.ME
MN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.ME
MN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A.ME
MN^(4OD6^A.MEN^(4OD6^A.MEN^(4OD6^A0[%E-35EYMMAHJ>&-SW;I,Z.,`@
M=\#M!Q^A3!MKMS6@"@IL@,ML33^"^];+=\0I?(M]"=;+=\0I?(M]"=;+=\0I
M?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I
M?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I?(M]"=;+=\0I
M?(M]"I,I;.^=].RGH73,`+XPQA<T'@)'"%SSU:Z>GBQNYD4$;&[UBV-8`.-=
M+HBBV)/?5@_PNH_E9%*41$1$1$1$1$6#N7_E=SCNS=E--HPU@XAQ,D\1.1[A
M[BSB(B(B(B(B(B(B(B(B(B(B(B(B(B(B(K2Z5]/;**6LJ791L'`.%QX@.Z5%
M\&TM375]7B2MCT75'8P-[3>,CN9``>-3-$4>Q;BJVX9H]UJG[I4O'L-.P]E)
MW>X.[^*A-DQQ?J*\P:V4V]K;<FZ5,XQA@AV[#V\NWI;1F#P+:P((!!S!7U$1
M$4?Q%BVQX?8=_5C3/ELIXNRD/BXN^<E"C>,;XS)99*7K/:W;-]2')SAW'</^
M4>-2O!^#*'#3Y:IL\M5<)F:,M1(>$9YD`=\#AS/=6F.KA[^7>"Q?BND411;$
MGOJP?X74?RLBE*(B(B(B(B(B*G40QU$$D$S`^.1I:YIXP>%8NQ32Q;M::IY=
M44>0:]W#+$?<._`]T+,(B(B(B(B(B(B(B(B(B(B(B(B(B(B+Q+(R&-\LKPQC
M`7.<3D`!QJ!L$V,[SIN#F6:D=L'!NA])^H=TJ>L8V-C6,:&M:,@T#(`=I>D4
M/QQB\6`14%!`:N\5(]AA`)#0=@<0-IV\`'"L9A+!,[JS6'%DAK+K(=-L3R'-
MA[6?$2.(#8.+MJ58HL%'B*TRV^J&1/912@9F)_$X?B.,*'X!O]9;:]^#,0G0
MK*?L:65QV2-XFY\>S:T\8V<(6R44,Q9CRW620T-&TW"Z$Z+:>(YAKN(.(X^X
M,SWE@:>EZJE1&;H*^E@?*<Q0RAHT1Q#+1.7>SS[:JG$O5"MF0N>%&5;&\+Z;
M/,_Y2[]RHFHZH.+B6T\(L%M=PO=FV1P[_NCX@T=U9[#_`%.[#:GBHJ6.N-9G
MI&6IVC/MAO!].94S``&0&0"^KF[JX>_EW@L7XKI%$46Q)[ZL'^%U'\K(I2B(
MB(B(B(B(B+"XA::5L-YB($U&>S!(&Z1'W3>_QCNA5K+>Z.\.J=YZ99`X-+G#
M+2S&>8"RB(B(B(B(B(B(B(B(B(B(B(B(B(B(H+?JZHQ'<A8+4_\`T9ASJ9QM
M!R/[A]9[RF%NH:>W4<5)2LT8HQD.V3QD]TJZ16-ZN=-9[74W*K=HPP,TB.-Q
MXFCNDY#QJ`]3BV5-WN57C:\-SGJ'%M(P\#&\!([F78CQGC6S$41Q[A-N(J..
MHHW-ANU+V5/-GHY[<]$D=W:#Q'QJ/MAZK36AN^K<<AEF=S)/_2O$]MZJ=QC-
M%57&CIX)>QDEB<UKFMX]K1G]"E.$\&6G#C!)$S?%<1V=5*.R[NB/U1WMO;)4
MH1$1%S=U</?R[P6+\5TBB*+8D]]6#_"ZC^5D62N.(K/;IW4]56-;,T`EC6EQ
M&>WB"Q,V.[,TD1,JIC_LQ@?O*H''<.>RT5F7B7S7N+Y(K/J37N+Y(K/J5>BQ
MQ;YJAL-733T;7<$D@!;X\N#OJ61O9*QLD;VO8X9AS3F".^O2(B(B(B+%7Z@M
MEQI-QN3VL8#FUY?H%A[8S6.PG8Y[)/6M,S9Z68,=%(-A.6?"/&-H4F1$1$1$
M1$1$1$1$1$1$1$1$1$1$11'%EYG?.VP6C-]=/V,CFG]&#Q9\1RX3Q!9C#MF@
MLM`VGCR=,[;+)E[MWH'$LLB+5.*)YL;8O@PO12.%LH7;I62L.PN&P_1[D=TG
MM+:5-!%34\5/!&V.&)H8QC>!H`R`51$1$1$1$7-W5P]_+O!8OQ72*IMFB>Z1
MK96.=&<G@.!+>_VE]BDCEC;)$]KV.&8<TY@^-1G$GOJP?X74?RLBS4]HM=14
MFJJ*"GEG(`+WL!)R5S#2TT/Z&GBC_P!Q@'[E61%9W*VT5SIS!6P-E9Q$\+3V
MP>$*(26N^X8>Z>SRNK;?GFZG>,RT=[\1]"KMQ]0Z(T[?5AV6T#1(!^E?=?K?
M\0K/H;Z5\UIO59_5>'IBT\#Y<\OP'UKYGCV;V0"C@!_4['9^_P#>O1=CUI'L
M="_O:/I"^1XIN5LJ13XCMQB:X]C-",Q^\Y^(Y]Q2RBK:6N@$]).R:,_K,.>7
M</:*K/>R-I>]S6M'"2<@%@KABRR4.8-6)WC]2#L_KX/K6(UCO]U[&R68LC/]
M]/M'X#]Z^C#^)ZW;<,0.B!X60Y[/HT0JL6!+<>RJZRKJ']LN`_`E6KK/B+#Q
M,EFJC6T8VFGD&T#O>C+O+*V7%M%72MI*MCJ*MST3')P$]H'M]PY*2HB(B(B(
MB(B(B(B(B(B(B(B(B(BP&+;WUGH0V#)U;/V,+<L\NV[+N?OR5/"=A-L@=65A
MW2XU'92.<<RP';HY]OMGMJ1HBBW5#OSK!AJ>H@?HU<QW&`\8<>%WB`)[^2I]
M3K#K;#88W3-_T^K`FJ''A!(V-\0/TDJ6HB(B(B(B+F[JX>_EW@L7XKI$K0-)
M05QH:L0TTLDCJ&5M?!!3/9-`W?C'OCG?_?R.CTP"`#D'$`A^:VE@(0EE[EH(
MMRM,MQ<ZA:(RQFY[E&'%C<ADTR"0[-A.9XUB\6P8B=B_#1I;I;8XG5<^]FR4
M#WF/_1GYZ9$HTN/@#<LQPY;<UO/&_P`OV/S3+^83>>-_E^Q^:9?S";SQO\OV
M/S3+^83>>-_E^Q^:9?S";SQO\OV/S3+^83>>-_E^Q^:9?S";SQM\OV/S3+^8
M7S>.-?EVQ>:)/S";QQK\NV+S1)^87W>>-OE^Q^:9?S";SQM\OV/S3+^83>>-
M_E^Q^:9?S"I5%KQA4PNAJ+S8)8G<+'V>0@__`-A8BEP;?[?))54EZI!4$]BR
M"!\+`.,'2>_/QK[<,%7VX1M=-B*,SYYG=H'S,'>&FU5:#"-]H<C!<,/EX_7D
MM$KW?2:C]RRV\\;?+]C\TR_F$WGC?Y?L?FF7\PF\\;_+]C\TR_F$WGC;Y?L?
MFF7\PL;=<+XBNYCZX7>S.T7#LX;7(R3+C&D9S]8*QC[KBBSU<%HJKA14D0!#
M:JJI'U`>.+:V1FSNG,CC4D92XU>T.9B&Q.:1F"+3(01SA?=YXW^7['YIE_,)
MO/&_R_8_-,OYA-YXW^7['YIE_,)O/&_R_8_-,OYA-YXW^7['YIE_,)O/&_R_
M8_-,OYA-YXW^7['YIE_,)O/&_P`OV/S3+^83>>-_E^Q^:9?S";SQO\OV/S3+
M^83>>-_E^Q^:9?S";SQO\OV/S3+^83>>-_E^Q^:9?S";SQO\OV/S3+^83>>-
M_E^Q^:9?S";SQO\`+]C\TR_F$WGC;Y?L?FF7\PF\\;?+]C\TR_F$WGC;Y?L?
MFF7\PF\\;_+]C\TR_F$WGC?Y?L?FF7\PF\\;_+]C\TR_F$WGC?Y?L?FF7\PF
M\\;_`"_8_-,OYA-YXW^7['YIE_,)O/&_R_8_-,OYA-YXW^7['YIE_,)O/&_R
M_8_-,OYA-YXW^7['YIE_,)O/&_R_8_-,OYA-YXW^7['YIE_,)O/&_P`OV/S3
M+^83>>-_E^Q^:9?S";SQO\OV/S3+^83>>-_E^Q^:9?S";SQO\OV/S3+^85&L
M9C"CII:JHQ%8V11-+G.-IEV#G"C]HH,0XBJ6WXUE%#/$X-C=/2.DC=D-NBP2
M`C([?=';GPJ3;SQM\OV/S3+^83>>-_E^Q^:9?S";SQO\OV/S3+^83>>-OE^Q
M^:9?S"U_=X;]B?'-/8*BY6^H=;`9731T3VPM=L)#F&0EVW1;[H<)6P-YXV^7
M['YIE_,)O/&_R_8_-,OYA-YXW^7['YIE_,)O/&_R_8_-,OYA-YXW^7['YIE_
M,)O/&_R_8_-,OYA-YXW^7['YIE_,)O/&_P`OV/S3+^83>>-_E^Q^:9?S";SQ
MO\OV/S3+^83>>-_E^Q^:9?S";SQO\OV/S3+^83>>-_E^Q^:9?S";SQO\OV/S
M3+^86@NK##>68Q<VOKZ*>?>T?9PTCHVY;>(R._>NHTR11;$GOJP?X74?RLBE
M*(B(B(B(B(B(B(K*Z6VDNE*ZFK(@]AV@C86GM@\144BLN*[0S<K5<HIZ9I.A
M%*,LAWB-GB*]ZPXFH?ZRL!D8WA?#G^&D%D;;C&S5I#)9322\!;.,AG_O<'TY
M*1,>R1@?&]KFG:'-.8*](B(B(B)P+!7/%5EMQ<R2JW65NPQPC2(\?`/I6%U@
MQ'=CHV6T;C$>">?TG(?O51MJQJ\'3OL#,^T,_P#M1MCQ;EV6)`#W&D_@@M&-
M(P-"_0OV_K#_`.U?':]T1W0FEKF#A8`/_M*^Q8U%.\17BU5-))QD#,?0<C^]
M26V76WW2,R452R7+A;P.;WP=H5\B(B(B(B(B@N(JB;$-ZBP]0O(IXG:53(W@
MS'#]'[SW%-*2GAI*:*FIV!D4;0UK1Q!5D16-[N,5IM-9<I_<4\1?EVR.`>,Y
M#QJ%=2.W2];JW$%9FZKN<SG:1_P`G;XW%WT!;#1$1$1$1$1<W=7#W\N\%B_%
M=(HBBV)/?5@_PNH_E9%*41$1$1$1$1$1$1$18RY6.U7+,U='&YY_O&C1=](4
M<EPI<K6XSX>NDK2-NX2G8?'P'QCQJI0XNDIIQ18BHWT<X_O0TZ)[N7XC,*6T
M\\%3$V:GE9+&[@>QV8/C55$1%\)#022`!PDK%U>(;+29B:XP9C]5CM,_0,UA
M*K'-$28K;25%7.=C1HZ()_?]2MA;,3X@[*Z576^C=_<1["1W0/\`N/B6?M6&
MK1;0TQ4K9)1_>R]D[Q<0\2S2(B+Q+%%,PQS1LD8>%KP"#XBHM=,'P.EWY9IW
M4%6TYMT"0S/Q;1XMG<5I3XENEGE;28DHGZ)V-J8QGG]&P^+(]Q2^BK*6N@;4
M4D[)8G<#FGZCVBKA$1$1$1%&<77U]#&RW6_-]RJ>Q8&;2P'9GWSQ?2KG"MC;
M9J(B0A]9-V4S^';VAW!]96=1$6MNJO5S5LMIPG1.]GKYFODRXF@Y-S[F>9_Y
M5L&WTD-!0T]%3MT88(VQL'<`R5PB(B(B(B(BYNZN'OY=X+%^*Z11%%L2>^K!
M_A=1_*R*4HB(B(B(B(B(B(B(B(K>MHJ2NA,%73QS1G]5XSR[W:46EP4V&1TM
MJNM51N)S#<\P/&"#].:I[UQQ0?H:RGKV#B?EG]>1^M>S4X[D+@*"CC[69&S_
M`*EY.ONQ_P#H1R_4&CM__.^OFLN(:'^L\//+1POASR_$?6C\:OJ@V"T6FHFJ
MSPM>-C?HX?J7@6#$%Z.G?;B8(#MWO#E^X;/IS68I,(V&F`_T(2N'',XN^K@^
MI9NGIJ>F;H4\$<3>TQH:/J55$1$1$5*HIX*F%T-1$R6)PR<UXS!4/K<+UMLG
M=7X:JGQ/X74[W;'#M`GA[Q^E7-IQ=$^;>-YA-!6-.1+QDPGQ^Y\>SNJ5@@@$
M','@(7U$1$1%B,1WJ"RT#IWY.F=V,4>?NG>@<:Q.$;-,)'7VZYOKZCLFAPVQ
MM/'W"1]`V*6HB*UN=?26NAFKJZ=L-/$W-SW?N[I[BUS@6.?$N,+AC&I@>RE8
M-QHP\>+9WAGGW7%;01$1$1$1$1%S=U</?R[P6+\5TBB*+8D]]6#_``NH_E9%
M*41$1$1$1$1$1$1$1$1$1$7P-:"2&@$\)`X5]1$1$1$1$18Z[V>@NT.YUD(<
M1[F1NQS.\?PX%%##B#"9TJ<FXVH;2P\,8_[?%F.X%(K/B2U75K6PU`CF/]S*
M=%WB[?B6:1%0K*NEHH3/5SQPQC]9YR47J,=6UKC'24U55/SR&BW1!^G;]2H]
M?L4UO^H6#<FG@=-G^.BG6O&5?MJ[O'2,/"V'A'^4#]ZNK=@VDIZN.LK:R>MF
M8=("3W)/=&TGZ5*T1%;U];2VZCFK:V9D-/$W2>]QV`+5=/%<>J7>M\5(EIL,
MTCSH,!R,KA_W'C/ZHV#:MKTM-!24\5-31,BAB:&L8P9!H'$%51$1$1$1$1%S
M=U</?R[P6+\5TBB*+8D]]6#_``NH_E9%*41$1$1$1$1$1$1$1$1$1$1$1$1$
M1$1$1%@+MA2T7+2?N.]YSMW6'L<SW1P%89M)BVQ.`HYFW2D&P1O]T!XSF/$3
MWE5&)L01?I\+SY;<]#2]!5.7%%[K,J6W6&:*J=PNE!(:.WM`'TJI1X1J*V85
MF(JZ2IEX=R8[L1W,_P`!DI92TE+1Q-BI:>.%@&0#&@*NB(B*WKZVEMU'-6UL
MS8:>)ND][CL`_P#SB6JV=<>J9>27[K289HW^YX'2NZ7\(/;*VK14E-0TL5)2
M0LAIXFAK(V#(-"KHB(B(B(B(B+F[JX>_EW@L7XKI%:ZH^J,VJH:^X14M'/"R
M/3IH8:P&8DRB)@D:1V.DYP.8T@W:#MRSEF';K47%E=!74\<%=05.]IVQ/+XR
M=!KPYI(!R+7MX1L.:BV+L3X?H\88;AJ;O2Q2T=7.:AKGY&+.F>!GVL](?2LU
MK]@WE';_`"J:_8-Y1V_RJ:_8-Y1V_P`JFOV#>4=O\JFOV#>4=O\`*IK]@WE'
M;_*IK]@WE';_`"J:_8-Y1V_RJ:_8-Y1V_P`JFOV#>4=O\JFOV#>4=O\`*IK]
M@WE';_*IK]@WE';_`"J:_8-Y1V_RJ:_8-Y1V_P`JFOV#>4=O\JFOV#>4=O\`
M*IK]@WE';_*IK]@WE';_`"J:_8-Y1V_RJ:_8-Y1V_P`JFOV#>4=O\JFOV#>4
M=O\`*IK]@WE';_*IK]@WE';_`"J:_8-Y1V_RJ:_8-Y1V_P`JFOV#>4=O\JFO
MV#>4=O\`*IK]@WE';_*IK]@WE';_`"J:_8-Y1V_RJ:_8-Y1V_P`JFOV#>4=O
M\JFOV#>4=O\`*IK]@WE';_*IK]@WE';_`"J:_8-Y1V_RJ:_8-Y1V_P`JFOV#
M>4=O\JFOV#>4=O\`*IK]@WE';_*IK]@WE';_`"J:_8-Y1V_RJ:_8-Y1V_P`J
MFOV#>4=O\JFOV#>4=O\`*IK]@WE';_*IK]@WE';_`"J:_8-Y1V_RJ:_8-Y1V
M_P`JFOV#>4=O\JFOV#>4=O\`*IK]@WE';_*IK]@WE';_`"J:_8-Y1V_RJ:_8
M-Y1V_P`JFOV#>4=O\JFOV#>4=O\`*IK]@WE';_*H,>X.)R&(Z`GM"3A6M+WB
M:BQG?64MRN\-HP]3.TPV9^C)/Q9@?XC_`-([JV%08QP';J.&BHK[;8:>)NBQ
MC9-@"N=?L&\H[?Y5-?L&\H[?Y5-?L&\H[?Y5-?L&\H[?Y5-?L&\H[?Y5-?L&
M\H[?Y5-?L&\H[?Y5-?L&\H[?Y5-?L&\H[?Y5-?L&\H[?Y5-?L&\H[?Y5-?L&
M\H[?Y5-?L&\H[?Y5-?L&\H[?Y5-?L&\H[?Y5-?L&\H[?Y5-?L&\H[?Y5:#ZL
M%]L]RQBZIH;C3U$.]HVZ<;LQGMV+J10=O4_I74^\Y[E4/I:>"2"WL:QC74C7
MR-DST@.S(=&S+/9DW:"22I%A^T&TQ5;IJM]75UM0:BHG<P,TGZ+6@!HX`&L:
M`-O`L9B3WU8/\+J/Y612E$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$
M6L^J155%[O-MP5;I,GS/$M4X?J-X1GWAF[_*MA6VAIK;0P4-'$(H(6!K&CM>
ME72(B(B(B(B(B(N;NKA[^7>"Q?BND411;$GOJP?X74?RLBE*^/<UC'/>X-:T
M9DDY`!:ZHKI=:2IJ+IN4X9=(W5,39R',RC=I!K`#L+H,SM`VMXU=U.)KF[*:
MGW%D#X7U=.7!K1+'IEK`=)P.1`#B6YGLV[.W<5%[N+1*Y]7'&9*R:"&..%N;
M61:6>;GN#<]@S)/`-@SVJWIL37&J;1U0JJ.%KY**(TVAF9=V#"Y[3GLRTG`<
M([$Y]S(X:O=PN-:UM0V,1S122&/-FE"6O#0!DXDCA!T@#F/$*5[FKZ2MOSZ>
MLJ'.%K;+$W9E"=*0$M`'<SS.9V*]L`BDGNU%!,ZHMS'1MC+I3(.RC!>`XG,\
M(/#QK`/FN=%41Q/JG2MH:H6^!^D-+)T>Z;H[2(:7Z.@P9GATCM)R5:;%%<QE
M+(Z:!KVB'=6M#"QP?,6!Q<7Y[6C,!F>1SS.62S$57=IK+>JR.5DD['5,=)''
M%M:8W/:WC.D3D%AZLVZFI:%]EJB^:>&4U#F2ESI8MQ>2^3;PAX;V1V@G+CR5
M.AN=34U%ECDKXFZ%<R'>G]YHM@<=,G/,Y\/!ED1Q\->_PS37&^OCI(ZAT%#$
MYCGU#HS$<I#FW(';LSX1P!>HL05S:N*..5DE/%N$><I8TS-?$UQD/9:6>T[&
M@CL3XO%-B&O-(UD]8-\3/A#=SAC<.R:]QT':>@0=`Y:>1`&T$D*VI\05LK(Z
MYCFF6K@I8GN86Z,><DX+@'.T<SH`;3EF1P[`LK<JVJK,$551-H;L<V:4;P`\
M"71!S:2!F!MR)X^%>'P72UU#12FFHF5]7%`R)KG3-CR8\O>,]')QR`RX.QS.
M>:MZ"]51]B;5TE&R'LPV1KG;X+JB1A`VD[-$#9GV3AQ;%?8;O=?<:YK:AL8B
MFCDD,>;-*$M>&@;'$D<(.D`<QXA*D1$1$1$1$1$1$1$1$1$1$1$1%97FXP6F
MUU5RJ3E%3QEY'^+M`=TG(>-03J5VZ>K?7XNN0SJ[A(X1$\3,]I'<)``[C5LA
M$1$1$1$1$1$1<W=7#W\N\%B_%=(HBBV)/?5@_P`+J/Y612E"`001F#Q+R6-(
M`T1D.#9P+P^""0QE\,;C&<V9M!T3VQVE]D@AE:&R0QO`=I@.:#D[M]]8Z6Q4
M$M;'5.:_V-S7B(.R9I-.8.7%MVY#82`2"5D8X88GR/CB8Q\AS>YK0"X]WMKW
MHC/2R&>66:\0PQ0,$<,3(V#;HL:`/H"2PPRQOCEB8]C_`'37-!#N^.->9*6F
MD+3)3Q.+6Z`TF`Y-[7>[BJ@`#(``<.Q4XZ:GB=(^."-CI/=EK`"[O]M!3TXF
MW<01B7(#3T!I9#BS531;F3HC:,CLX53WO!NK)=QCW1C=%K]$9@=H'M+P**C$
M;HA2P;FYVDYNYC(N[9&7"O1IJ<QOB,$1C?[IN@,G;<]HXU4#&!@C#&A@&0;E
ML`[R^D`Y9@'(YCN*FZG@<^-[H8RZ,DL):,VD\.7:6.O=FAN-#-%`12U9>V:*
MHC:`YDK=K7GM]W/A!(3#MT==*$FHC$-?3O,-7!G^CE'#EW#L(/&"%ED1$1$1
M$1$1$1$1$1$1$1$1$1:QZI%3/?K[;<%V]YSD>)JMP_4'%GWAF[_*MCT5+!14
M<%'3,#((6"-C1Q`#(*NB(B(B(B(B(B(N;NKA[^7>"Q?BND411;$GOJP?X74?
MRLBE*(B(B(B(B(B(B(BC&((WV>X-Q-2M<80T17*)H]W"."3+_$S//NM)[06=
MAKZ*>HWO#50R3;F)=!CP3H'@=WCQ*Z1$1$1$1$1$1$1$1$1$1$1$4<QEBFBP
MQ;]VEREJY01!3@[7GMGM-'&5A.IQ8:^"2MQ)?&_^9W$YAKADZ-AV[1Q$[-G$
M`%/D1$1$1$1$1$1$7-W5P]_+O!8OQ72*(HMB3WU8/\+J/Y612E$1$1$1$1$1
M%;UM;24,#JBMJ8J>%O"^5X:/I*@MTZIEN;.*.PT-3=JHG)HC:6M/>V$GQ!6V
ML/5)K-E)A2"F!X#.=H_S.'[E\+>JR?9]*W`M/Z`:'9?_`)_O+YKSBFU'+$&$
M9@P;#-39Y?\`</K64I\54F,;;4V^Q7(VRZ.;V+:F(%Q''D,R#WQM':49ZFUF
MNN',9U%'=*5T8GI'B.4=E')HN:>Q=WN+A[BV^B(B(B(B(OA(`S)R';*Q-=B.
MPT`.^[Q11$?JF9I=]`VKU:L062[?U=<Z:H=_@:_)W^4[?J651$1$1$1$6.Q!
M<F6BRUUR?EE3PN>`>-W$/&<@M78;H.J'5V>&]VZ_Z6^"YXIZI^EI#,[1I`@`
M[=FQ936W'-GV7S"IJ(F\,U*#].;=(?N62MW5/PU5$1U3JFAEXQ/%F`>^W/ZU
MDKWC>PVZS/N-/7T]8\]C%##*"7N[1[0[9/`H[@W#==>[@W%^*<WSO(?24SAD
MV-H]R[+B':'C.U;,1$1$1$1$1$1$1%S=U</?R[P6+\5TBJ+ZJF9))&^HB;)'
M'NKVEX!:S;V1'$-AV]PI255-6TS*JCJ(JBGD&;)87A[7#N$;"HYB3WU8/\+J
M/Y612E$1$1,U3?-$P`OD8T'MN`1D\+SDR:-Q[0<"O6FW_$/I7I4JBIIZ9FZ5
M$\<+/\4C@T?6H]7XYPK0DB6\P2.'ZL&<I_Z05AINJKA:/,,-;*?]B'+]Y"LY
M.J@*D[E9L.7"KF)(:'#(?].D5Y%3U4;U^AI*2S0._6>`'#Z=(_4%5I.ILZLJ
M!68IO=5<YA^HUQ:T=S,[<N]DIS:K1;+1#N-MH8:9G'N;<B[OGA/C5_D$10S&
M&!J*^'?U"\4%V9V3*B/8'D<&EE_$-H[O`L-8<:U]GK6V+&T)IYV[(ZTCL7CB
M+B-A'^T/&`ME1O9(QLD;VO8X9M<TY@CM@KTB(B(B(K"[W>VV>FWS<JR*FBX`
M7G:X]H#A)[@4`J<>7F^SNHL&6:67;DZKJ&]BWNY<`_YCXDAZG5SNG^D8HQ)5
MS3/.;HH'9M;W,SL^AH69H>IIA.ER+Z*6I/;FF<?J&05*Z]3+#=:=TI(YK?,-
MH=3OV`_[KLQ]&2Q8P]U0[&=&SW^*XTXV-BJCM`_YL_J<J@NO53I1[-8*"I`X
MV$9GZ'_@O!ZH-^M3VNQ)A2>FIW;#+%GD/IV>+-2VQXOP_>]%M#<8]V/]S+V$
MGT'A\6:D"(B(B(M<=5RKEJ(+7AJD=_I-QJ&Y@?X0<AGW-(@_\JG]OI(J"@IJ
M*`9101MC;W@,E<+'7*R6BY@BX6VEJ,_UI(P3]/"H_3]3K"U/<XKA%1/!C=I-
MA=*71Y\1(.>>7:SR4Q1$1$1$1$1$1$1$7-W5P]_+O!8OQ72)SR.7"M,UV'L4
MOJ<027&V1U$U;04\E3+33.D;/H51<Z%@+6[!%FT-[67"7%3[!;'N??JUM--3
MT=9<3-2LEB=$XLW*-I=H.`+<WM>=H&?#QK!XOMU]EQAAQ]/B'<(Y:N?<&;S8
M[<,J9^>TGLL\CP]ON+,]9<6\L_NN+TIUEQ;RS^ZXO2G67%O+/[KB]*=9<6\L
M_NN+TIUEQ;RS^ZXO2G67%O+/[KB]*B6,+MB6Q34]MIL4NN%SJB&MIH[?&TAI
MV`Y@Y@D\'T\"JTW4OJ:BDADN.(JYM:YN<@:[3:T\8!)S*IR=1^!Q]\%3EVC3
ML/XKR.H]"-HQ#4#O4K!^*]LZD4(]UB&J)XLH&C+ZU<Q]2N-A#M9+EIC@<W(?
MBJ%;U)(ZHYZRUNE_BEA9(?K*KT74Q?1@;E>*1Y'ZTUIBD/\`U$K+0X2OD'Z#
M$E+'_N6:!O[E>"R8L`R&,\AW+7%Z4ZR8LY9_=<7I3K+BWEG]UQ>E.LN+>6?W
M7%Z4ZRXMY9_=<7I3K+BWEG]UQ>E.LN+>6?W7%Z4ZRXMY9_=<7I6.O.#+U>Z3
M>ESQ2R>//-I-KB#F'MM.>PJ.UM@QO@RFE.&[D^MM^CF8S"'NB/&1&?\`M^A7
M&&+_`'+$!$#,;FDKN`TU1;(02>/1.>3OW]Q2OK+BWEG]UQ>E.LN+>6?W7%Z4
MZRXMY9_=<7I3K+BWEG]UQ>E.LN+>6?W7%Z4ZRXMY9_=<7I3K+BWEG]UQ>E.L
MN+>6?W7%Z5&\77.]X9I@:C&N[5D@SAIF6R+2=W3MV-SX_H5A0X*Q%BO0O>)+
MF::H.CN,#Z9KP&=IS"0&@\.7#VU+J;#F):2!M/2XLCAA9[F..TPM:WO`%5>L
MN+>6?W7%Z4ZRXMY9_=<7I3K+BWEG]UQ>E.LN+>6?W7%Z4ZR8LY9_=<7I7QUB
MQ6]CF.QB"UPR(-KB(/UJ-5O4K-=4MGJ+ZQA!S<*:W10Z7?R/#W5B+I)C;!&Y
MTS[I-+9-T[&K;`V=S&_X<GGL3W"<NT5+;*V^7NB;66W'K)HCL.5KB#F'M.&>
M8*R'67%O+/[KB]*=9<6\L_NN+TIUEQ;RS^ZXO2G67%O+/[KB]*=9<6\L_NN+
MTIUEQ;RS^ZXO2G67%O+/[KB]*@5HH;QB3'=;.+[I2V@;G'7&D802"6@"//1X
MW[>X%/>LN+>6?W7%Z4ZRXMY9_=<7I3K+BWEG]UQ>E.LN+>6?W7%Z4ZRXMY9_
M=<7I3K+BWEG]UQ>E.LN+>6?W7%Z4ZRXMY9_=<7I3K+BWEG]UQ>E.LN+>6?W7
M%Z4ZRXMY9_=<7I3K+BWEG]UQ>E.LN+>6?W7%Z4ZRXMY9_=<7I3K+BWEG]UQ>
ME.LN+>6?W7%Z4ZRXMY9_=<7I3K+BWEG]UQ>E.LN+>6?W7%Z4ZRXMY9_=<7I3
MK+BWEG]UQ>E.LN+>6?W7%Z4ZRXMY9_=<7I3K+BWEG]UQ>E.LN+>6?W7%Z4ZR
MXMY9_=<7I6A>J_1W6#&#HZV\[[EWM&=TWLV/9MV9`KJ5$46Q)[ZL'^%U'\K(
MI2B(BC>-<44V&;69W:,E9+FVGAS]T[MG_9'']'&L'U/L+U,,K\3W_.6\5>;V
MB0;86G]SB/H&SMK8"(B(B(B(B(B(HIBC`]EQ!I3OC-+7':*F`9.)_P!H<#OW
M]U107#&N!SH7*$WJS,V"=I)?&WNGA'_-F.ZI/2=43"=13LF?<Q`YPVQS1N#F
M]_($?056U^PC\MP_Y']%-?L(_+</^1_137["/RW#_D?T4U^PC\MP_P"1_15K
M7=4C"=)%ILKW5+N)D$3B?K``^E80XXQ1>LV89PO*(W;!45.9'?XF_65D,(8)
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M2L3XX"<M]U(!`[O^$?2Y7]AP+6.NT5[Q5=#<JV/;'%M+&'A&T\.7$``,]JV"
MB(B(B(B(B(B(B$`@@C,%1^?!N%YYGS2V.C+WG-Q$>69\2IZD83^0J/\`RGTI
MJ1A/Y"H_\I]*:D83^0J/_*?2FI&$_D*C_P`I]*N:'"N'*";=J6S4<<O$[<@2
M.]GP+-@`#+)$1$1$1$11W%.$K1B2'*LAT*EHR94QY![>X>V.X?J4/I8^J/A8
M.HJ:GBOE`S]$][LW-;VAFX.'>V]PJO\`^(5]HA_YM@RMB`X7QZ67UMR^M7='
MU5,-RN#*J.MI'\8DBT@/\I)^I2&BQAABM($%[H](_JR/W,_0[)9%EVM<@TH[
ME2.';;.T_BM?]5*L%WJ+)AB@G:]U=.'R%C@0&YZ(VCON/_*MDTL$=-30TT+=
M&*)@8P=H`9!541$1$1$1$1$1$1$1$7-W5P]_+O!8OQ72*(HMB3WU8/\`"ZC^
M5D5IB+']!8;M+;JJVW"0QAI,L;&Z#LQGLS.W_P"BLH^JOAAQ`D97Q;?UH0<O
MH<5CZK&=_P`43OM^"Z!\<(.4E=,`-'Z=C?K/<65PYU.[?13=<+W*;M<G'2<^
M;,QAW>/NCW7?0%.V,:QH8QH:UHR``R`7U$1$1$1$1$1$1$1$1$1$1$1$1$1$
M1%:5EMM]:"VLH::H'_ZL37?O"CU;U/L)5>9-I9"X\<#W1_4#E]2QS^I7A1S<
MA%5M/;$^WZPKZP8`L%BN<=RHQ4NGC#@S=9`YK<QEGED-N6?TJ7HB(B(B(B(B
M(B(B(B(BYNZN'OY=X+%^*Z11%%L2>^K!_A=1_*R*4$`\(S5O+0T4OZ6D@?\`
M[T;3^"J4]/!31-AIX8X8F\#(VAH'B"JHB(B(B(B(B(B(B(B(B(B(B(B(B(B(
MB(B(B(B(B(B(B(B(B(B(B(N;NKA[^7>"Q?BND411;$GOJP?X74?RLBE*(B(B
M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+F[JX>_EW@L7
MXKI%:TJ,9XAH9:UE3!;:F9D.;J>FTCUOF=,R.*.:72+7EPDTB`&D:)V9$%2_
M#5QK*PW.CN&XOJ[=5[V?+`PL9*#&R0.#226[)`",SM'"HSB[$MII<88;AGDJ
M@^DJYS-HT4SP,Z9X&1#"'>Z'N<\O$5FM>L.?#5_FRJ]6FO6'/AJ_S95>K37K
M#GPU?YLJO5IKUASX:O\`-E5ZM->L.?#5_FRJ]6FO6'/AJ_S95>K37K#GPU?Y
MLJO5IKUASX:O\V57JTUZPY\-7^;*KU::]8<^&K_-E5ZM->L.?#5_FRJ]6FO6
M'/AJ_P`V57JTUZPY\-7^;*KU::]8<^&K_-E5ZM->L.?#5_FRJ]6FO6'/AJ_S
M95>K37K#GPU?YLJO5IKUASX:O\V57JTUZPY\-7^;*KU::]8<^&K_`#95>K37
MK#GPU?YLJO5IKUASX:O\V57JTUZPY\-7^;*KU::]8<^&K_-E5ZM->L.?#5_F
MRJ]6FO6'/AJ_S95>K37K#GPU?YLJO5IKUASX:O\`-E5ZM->L.?#5_FRJ]6FO
M6'/AJ_S95>K37K#GPU?YLJO5IKUASX:O\V57JTUZPY\-7^;*KU::]8<^&K_-
ME5ZM->L.?#5_FRJ]6FO6'/AJ_P`V57JTUZPY\-7^;*KU::]8<^&K_-E5ZM->
ML.?#5_FRJ]6FO6'/AJ_S95>K37K#GPU?YLJO5IKUASX:O\V57JTUZPY\-7^;
M*KU::]8<^&K_`#95>K37K#GPU?YLJO5IKUASX:O\V57JTUZPY\-7^;*KU::]
M8<^&K_-E5ZM->L.?#5_FRJ]6FO6'/AJ_S95>K37K#GPU?YLJO5IKUASX:O\`
M-E5ZM->L.?#5_FRJ]6FO6'/AJ_S95>K37K#GPU?YLJO5IKUASX:O\V57JTUZ
MPY\-7^;*KU::]8<^&K_-E5ZM->L.?#5_FRJ]6FO6'/AJ_P`V57JTUZPY\-7^
M;*KU::]8<^&K_-E5ZM->L.?#5_FRJ]6FO6'/AJ_S95>K37K#GPU?YLJO5IKU
MASX:O\V57JTUZPY\-7^;*KU::]8<^&K_`#95>K37K#GPU?YLJO5IKUASX:O\
MV57JTUZPY\-7^;*KU::]8<^&K_-E5ZM->L.?#5_FRJ]6FO6'/AJ_S95>K37K
M#GPU?YLJO5IKUASX:O\`-E5ZM->L.?#5_FRJ]6FO6'/AJ_S95>K37K#GPU?Y
MLJO5IKUASX:O\V57JUH/JP7NW7'&+JBE?.8][1M]DI98SGMXG-!74A44I<$V
MZGMDMJ-;<9:"1CF[A),"&N+M/3!#0=,.[+2)SS69LEH@M$,[(IIYYJF9T\\\
M[@7RR$`9G(`#8UH`````6(Q)[ZL'^%U'\K(I3DF29)DF29)DF29)DF29)DF2
M9)DF29)DF29)DF29)DF29)DF29)DF29)DF29)DF29)DF29)DF29)DF29)DF2
M9)DF29)DF29)DF29)DF29)DF29)DF29)DF29)DF29)DF29)DF2YNZN'OY=X+
M%^*Z11%%L2>^K!_A=1_*R*4HB(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(
MB(B(B(B(B(B(B(B(N;NKA[^7>"Q?BND411;$GOJP?X74?RLBE*(B(B(B(B(B
M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+F[JX>_EW@L7XKI%$4
M6Q)[ZL'^%U'\K(I2B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(
MB(B(B(B(BYNZN'OY=X+%^*Z11%%L2>^K!_A=1_*R*4HB(B(B(B(B(B(B(B(B
M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(N;NKA[^7>"Q?BND5YD>R*-TDC
MVL8T%SG..0`'"25:VNYV^[4N^[960U5/I%NZ1.TAF.+ZQ](6`Q1(R+%6#3(X
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M4U<[(H0YK2]QV9N<&M'C)`\:N,QVU;FLI17,H#.P53XC,V+/:6`@%W>S<!XU
M<9CMA6])64M8V1]-.R5L<KX7EI]R]IR<WO@C)*ZLI:"DFK*R=D-/"TODD<=C
M1VRKC,=M6\E92Q5<%').QM1.U[HHR=KPW+2([VD/I5?,=L*A35E+5/J&4\[)
M'4\IAE`/N'@`Z)[N3@?&O554P4E+-5U,K8X(6.DD>[@:T#,D]X!>XY&21MD8
MX.8X!S2.,'@5*:MI8:JGI)9V-GJ-+<F$[7Z(S=EW@KC,=L*A3UE-42U,,,S7
MR4T@BF:.%CBT.R/_`"N:?&O=1/#3P25$\C611-+WN/`UH&9/T)3SPU$$=1#(
MU\4K0]CAP.:1F#]"\5%934\M-#-,UDE3(8H6D[7N#2[(?\K7'Q*OF.V%;PUM
M+-55%)%.QT]/H[JP':S2&;<^^%7+F@$DC(*C1U=-74D%923-EIYV-DBD:=CV
MD9@CQ+Y4UE+2OIV5$[(W5$HAB!/NWD$Z([N32?$J^8[85".LI9:N>CCG8ZH@
M:Q\L8.U@=GHD]_1/T*XS';5O0UE+7TD-91SLFIYFA\<C3L<.V$JZREHVQNJ9
MV1-DE9"PN/NGN.36]\DY*XS';"MQ64IK7T`G8:ID39G19[0PD@.[V;2/$KC,
M=M6]%64M=3BII)V2PESFA[3LS:XM</$01XDK:REH:<U-7.R*$.:TO<=F;G!K
M1XR0/&KC,=M6^_:7?V\-W9OK<MVW+/;H9Z.EWL]BN,QVU0I*RFK(G34LS)8V
MR/B+FG8',<6N'B<"/$OE=6TM!2R5=9.R&"/+2>X[!F0!]9"N,QVU0?64S*R*
MB=,T5,L;Y61\;FM+0X^(N;]*K9CMA4*2MI:S=M[3LDW"5T,FB?<O;PM/=&:^
MUE734-)/65<S8J>"-TDLCCL8T#,D^)5@X$`@C(JA)64L57!1R3L;43M>Z*,G
M:\-RTB.]I#Z57S';"H4U92U3ZAE/.R1U/*890#[AX`.B>[DX'QKU55,%)2S5
M=3*V."%CI)'NX&M`S)/>`7N.1DD;9&.#F.`<TCC!X%2GK*6"HIJ::=C)JESF
M0L)VO(:7$#O`$^)7&8[85O!64L]14TT,['S4SFMF8#M82T.`/?!!\:JR2,BC
M=)(X-8T%SB>(#A7BEJ8*NEAJZ:5LD$S&R1O;P.:1F".^"O-364M*^G943LC=
M42B&($^[>03HCNY-)\2KYCMA4(:VEFJJBDBG8Z>GT=U8#M9I#-N??"KES0"2
M1D%1HZNFKJ2"LI)FRT\[&R12-.Q[2,P1XE\JZVEI-QWS.R/=Y6PQZ1]T]W`T
M=TY%5\QVPJ+*RF?62T39FFIBC9*^//:UKBX-/C+7?0J^8[:MZ&MI:^ECJZ.=
MDT$F>B]IV'(D'ZP5]K*RFHHFS54S8HW2,B#G'87/<&M'C<0/&J^8[:YEZO-=
M24N/"RHG9&YU)$X`\8V^A=-+!XUM]3=L)7BVT;0ZIJ:22.-A=HAY(]SGQ9\'
MC5CA**JEN]^N\M!/0TU;)`(8:AH8\[G$&N<6C@V[!V]'M9*EB3!;L05]/5SX
MGO5+O6?=Z6.D,#!`_0+"6DQEQV$\)/"5:ZAUW[0L7\Y@]4J$?4YEBJYZR/'F
M+&U$[6-ED%1!F\-ST0?8N+2/TJOJ'7?M"Q?SF#U2H474XEH:2&CH\>8LAIX6
MZ$<;*F#)H[0]B2JZG$E7N.^<=XLEW&5LT>E40=@]O`X>Q<(S*KZAUW[0L7\Y
M@]4J#.IS*RKEK6X\Q:*F6-L;Y!4P9N:TN+0?8N(N=])5?4.N_:%B_G,'JE0H
MNIQ)04L=)1X\Q9#!'GHQLJ(,AF23_==LE*OJ<RUD38JK'F+98VR,D#75,.0<
MUP<T_HN$.`/B5?4.N_:%B_G,'JE0_P##B3?N_M>\6;ZW+<=UWQ!I:&>EH_HN
M#/:J^H==^T+%_.8/5*A2=3F6CB=%2X\Q;%&Z1\A:VI@R+GN+G']%PEQ)\:5G
M4XEK:<T]7CS%DT)<UQ8^I@RS:X.:?T7$0#XE7U#KOVA8OYS!ZI4#U.936MKC
MCS%AJF1&%LN^(-(,)!+?T7!FT'Q*OJ'7?M"Q?SF#U2H4O4YEI&R-IL>8LB;)
M*^9X;40=D]QS<[]%PDG-*WJ<2UU)-1UF/,634\S="2-]3!DX=H^Q*OJ'7?M"
MQ?SF#U2H2=3F66K@K),>8L=40->V*0U$&;`[+2`]BX]$?0J^H==^T+%_.8/5
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M5C@.M((/5"Q?D?\`XF#U2I4?4ZFHJ2&CI,>XMAIX&"..-M3!DQH&0`]BX@OE
M3U.9:EU.^HQYBR1U/*)HBZH@[!X!&D/8N')Q'C5?4.N_:%B_G,'JE0CZG,L5
M7/61X\Q8VHG:QLL@J(,WAN>B#[%Q:1^E5]0Z[]H6+^<P>J5"BZG$M#20T='C
MS%D-/"W0CC94P9-':'L2574YEJVQMJ<>8LE;'*R9@=40=B]IS:[]%P@C-5]0
MZ[]H6+^<P>J5`=3F45KJX8\Q8*I\0A=+OB#2+`20W]%P9N)\:KZAUW[0L7\Y
M@]4J%'U.):*G%/28\Q9#"'.<&,J8,LW.+G']%QDD^-*SJ<2UM.:>KQYBR:$N
M:XL?4P99M<'-/Z+B(!\2KZAUW[0L7\Y@]4J'_AQ)OW?VO>+-];EN.Z[X@TM#
M/2T?T7!GM5?4.N_:%B_G,'JE0I.IS+1Q.BI<>8MBC=(^0M;4P9%SW%SC^BX2
MXD^-*WJ<25]+)25F/,63029:4;ZB#(Y$$?W7;`5?4.N_:%B_G,'JE0?U.97U
MD5:['F+34Q1NC9(:F#-K7%I<![%P$M;]`5?4.N_:%B_G,'JE0I>IQ)2;MO;'
M>+(MVE=-)HU$'9O=PN/L7"<@OM9U.IJVDFHZO'N+9J>=ACEC=4P9/:1D0?8N
M,*L,!UH``ZH6+P!_\3!ZI4).IS++5P5DF/,6.J(&O;%(:B#-@=EI`>Q<>B/H
M5?4.N_:%B_G,'JE0INIS+3.J'T^/,61NJ)3-*6U$'9O(`TC[%PY-`\2]574\
MGJZ::EJ<?8ME@F8Z.2-U3!DYI&1!]BXP5[CP!5QQMC9U0,7-8T!K0*F#8!_\
MI4INIS+//35$V/,6/FIG.="\U$&;"6EI(]B[1(\:KZAUW[0L7\Y@]4J$/4YE
M@GJ:B''F+&35+FNF>*B#-Y#0T$^Q=H`>)59,`5<D;HW]4#%SF.!:X&I@V@__
M`"EXI>IY/24T-+38^Q;%!"QL<<;:F#)K0,@![%Q`+S4]3F6I=3OJ,>8LD=3R
MB:(NJ(.P>`1I#V+AR<1XU7U#KOVA8OYS!ZI4(NIQ)#4U%5%CO%C)ZC1W605$
M&;]$9-S]BX@JQP'6D$'JA8OR/_Q,'JE2H^IU-14D-'28]Q;#3P,$<<;:F#)C
M0,@![%Q!?*KJ<25>X[YQWBR7<96S1Z51!V#V\#A[%PC,JOJ'7?M"Q?SF#U2H
M,ZG,K*N6M;CS%HJ98VQOD%3!FYK2XM!]BXBYWTE5]0Z[]H6+^<P>J5"BZG$E
M!2QTE'CS%D,$>>C&RH@R&9)/]UVR4J^IS+61-BJL>8MEC;(R0-=4PY!S7!S3
M^BX0X`^)5]0Z[]H6+^<P>J4=OG4/L-_K177K$6(:^J#!&)9IXBX-&>0V1C9M
M/TK;:(BC%3C.V0MII6TU?/!)3,JYIH8-)M+"XD-?)MS`[%VP9G)I.60S4G!!
M`(.8*+$7:_4-KWTV=L[Y*>**0QQ1E[G[H\LC:T<;BYN67>5:RW:&[4\DD<%1
M330R&*>GJ6:,D+\@<G`$C:""""001M615G=+A3VNB?65.GH-+6AL;"][W.(:
MUK6C:220`.ZL;18GHJR[&VLIJV,&22&&JDARAGDCSTVL=GM+<G<(`.B[(G(K
M/(HU6XOM].[0@H[C7/W66/1I:<O.C%D)9!F1FUKB&YC:7;`"I!2U$-72PU5-
M()()F-DC>.!S2,P?H*JK"W;$ELM%Q@H:\S1"6)TIJ-S)AB:'!O9N'N,RX;3L
M[H66@FBGB;-!*R2-XS:]C@X$=L$*HK"]W."S6NHN51'-+%"`2R%FD]V9``:.
M,YD):[O;KJQ[J&J9*YAT9(_<R1._PO8<G-/<(!5^BBU?C2VTMQEMT5%<ZRJ8
M\QL;2TA<V9X&;VM><FDM&TYD=K:<PI!;ZVGN-#3UU(_3@G8)&.R(.1[8.T'N
M'@5RL/B#$-OL+(7UHJ7[KI'1IX'2N8QHS?(X-&QK01F>Z.$E?+#?Z:]&9L5-
M64LD36OW.KBW-SXW9Z$C1F<VG(]T9$$`K,JE55$-)33551(V."%CI)'NX&M`
MS)/B"C-'CBUU-Q90R4-VI"_0T)JJA?'&=,Y,.9X`X[`2!MV;"<E*T49O.,+?
M:ZQ](:*Z5CHY&0ROHZ-TC(Y'Y%K'.V#2.DW9_M#MA9RVU]-<Z&&NHY"^"49M
M):6D9'(@@Y$$$$$':""%=+'WF[4UHIV33LGE?*_<X8*>(R22OR)R:T<.P$GB
M`!)5I9L14MTJI*(T=PH:MK-U$-;3.B<]F8!<T\#@"0#D<QF,^$+-KX][8V.>
M]P:UHS+B<@!VU%F8VMQ='(^WW>*@D<`VODH7B`@G)KM+A#3F.R(`VY\"E2+$
M7/$N'K34BDNE\MU%4%H>(JBI9&XM/`<B<\MAVJ]MUPH;G2MK+=605=,XD-E@
MD#V$@Y'(C9PJZ5I<[E;[52FLN==3T=,"&F6HD$;`3P#,[-JM+7B.P7>H=36J
M]V^MG:W3='3U#)'!N8&>0/!F1]*RR*+4^-[1/OMVY5D<4$,T\4LD.BRK9$<I
M#$<^RR/$<B<P1F-JE#'![&O'`X9A?5'[[BJW62L;2U,-7*1%OBHD@ATV4L.E
MH[I(<]C<\^#,["<L@2LK15\%;)5QPZ6=+-N+R1L+M!K]G;&3PKM6ETN%+:Z"
M:OK'N;!$!GHL+W$D@`!H!)))``&TDK#6K&%JN==%1PPU\1E<Z)DE12/B896@
MET6;AL>`"<CVCD3DI(BBM7CBST]5+2,I[G4RQN>/]'H)'M>&'*1S'99.##D'
M9$[3D,RI+2U$-730U5/()()F-DC>W@<TC,$>(JJL/?<1V>PR4D5TJ9(I*QSF
M4[6022F1P&9`#&G;EMR[_:3#F(;;B*EEJ;::@QQ2.C=NU.^(Y@D;-(#/@XO'
MD=BS"MZ^LI[?0U%=5O+*>GC=)(X-+M%H&9.0!)V=H*/VO'.'KK<Z6W4$]5+)
M51;M#)O.9L;V]O2<T#+N\'=S4H11^X8IH:0F**EK:VJWR^F;34L0=(YS&ASB
M,R!H@$;21P@<)66ME?37.@@KZ1Y?!,W2:2"#WB#M!!S!!X"%=+'W*[T-LD8R
MLE,8=%+-I:)(:R-H<\G+M`JUL.(*>\OEB%'6T51&QLNXUD6YO=&[/1>`"<P<
MB.V",B`LTJ5540TE--55$@C@A8Z21YX&M`S)^@*/LQA;W5L--O*XMC?N+9*A
MU.1'3OERW-DA)S:XYMXB!I-S(S4E18&Z8GH:">>F$%95U,3XHMQIH=)SY7@N
M;&TD@:6B"X[0`W:2,UD;3<:>ZT$=;3"1K'%S2R5A8^-S7%KFN:>`@@@]Y7J(
MB(5H6.IAAWT*.&VNHJBF._+7'<:IU1#'%*`VF>=,ACG&0M#0P!Q)9D025OEF
M6B,FZ(RX.TOJU;U4)::*ZLE.\*:K@HVU,<U;63P[Z,<I<V&-D;VA[@X:6W,Y
MN:`-JE&`Y'24ER,T#6U>_G[XG9(][9Y-%N9&GM&CL86YD-+"T'8I4H]CN6"+
M"]:ZIIH9X28VN$TCHXX\Y&C='/;V30PG3S&T:.8(X5`NI^QD&)F-?+2W1KZB
MI;3U5-75,[6'0:^29HD>YN1+]!S@00\Y9G,K;R+1M_W"?$53/3SVZE+:FL;/
M0=<ZJ*2-C0722R-C>!&R30:20W+LV'LB5N6S.8^T4+HJ1U'&:>,MIG#(PC1&
M3".++@\2O5!<<W=UFNE-44\UIHJF2BF`J[M*YL+FM<T[DT-(S<3MX<P`<@>*
MOU.9VRTM>SK/0V^821R3FAA,4;WOC:X@M/N9&@@.&9RV;=N0F:P>,Y(X<,W"
M>6EWRV%@DW/3+`=%P()(!(:",R0#L!4*LEZDN&+Z6>MIL-W5[9S307&UQN,C
M<X2]Q:\EVDUH.BX9@#3;QG);10K2F*!%-BJI-)+;Z&K;7&,P/N-3%4-]CS?4
MAL<C1&QS1V3@#FT9DD[%M3"CX9,-6N2GH30PNIHRRF)),8RX,SM/?.T\)674
M"ZIV])&6VGJ74%+NIF`KJ^JD@AC&B-*)QC<TN$@X6EP!#3PY`*AU*7>PU39:
M8"H-/32&<5$TH:QS7%D/LI)9HC:&@D:,C3LSR6Q%8WIS&6>O?)2&K8VGD+J8
M<,PT3FSQ\'C6G\/5&5XIR^IMU[I7RT61@KZB>2,N<[<X0YSB';F09"QP&8&F
M<BT+=R+46+I7G%\K*.KH*:=M;2M-!4U<VE6O(9HU`A8YH(9LV[?T1)]R`I_@
MF2&7"]OD@I131N8XA@D=('=D<WA[@'/#SF\..TAV9X5GE$.J3)3QV2G-0(HF
MFJ8&UTLLD3*%V3LI2^,AS?\`#L(&;\B<B5ANIW+$Z^UD;;A27MXI@3<J:LFJ
M!"-(>PDR.>&Y^ZR:=NB<QL!6R%3J"!!(3&9!HGL`,]+9P;>VM'4%31YT4D=R
MM]3$9XP,--N56Z6/LQ[%N3GD$L_PE@:-'@`&:WJ$4`Q=>VT.*((S4V.US0TA
MW*LO`?E,U[AILCR<T;-!I.9)VC8.$R'!UVGO-F;63Q0`B5\;9:;/<9VM.0DC
MTMNB?'Q[2-JSRC6/JN.DPU4[O2P34\SFPS&I#MQB8XY&231VZ(X\LN+:.$8S
M"N)JFXWSK>:^Q76)T#I75-HTLH""`&R9N<.RS.6T'L3L/"IPA6C+I56^6W7&
MD-39J6-M7-(RR2U50RNCD.DTLC(?G&7@GL6L+#IG8X'-;OISG!&=!S,VCL'<
M+=G`546O,<5E/1XGH)'5%LMDV]'MW[<Y)&P5#"2#`6M<UK\O=9/.S2!`VDJ_
MZF#:=EEK&4HB?"*QP;44\\DL$X#&`.B,A+@P`!F69`T"`2%-%@,<&)N%;DZ>
MC=5QB,$QM>]F79#L])G9-#?=9MVC1S&U0W#UR96XGLL9O%FO;6,D#&VN>4FG
M.YGV>5I<X/)]QI.(.;]F>96T46G;K=(::7$%)!>+-9]*IE#Z"KJIV59.EF3&
M0X;F)<M+V-I!T@=I)6U;+H]9Z#0HW4;=[QY4SN&$:([`][@\2O5#.J'<HZ:"
MCMU2ZV4]+6E^G6733W"-S<BUN;2,I#GFTZ3<M$D9E>.II6%]OJK9'44M=344
MGL=PI97RQSEY<]P+GYDO!.WLG>Z&W/,*;*QO=;+;K16U\-*^JDIX72-A9GF\
M@9Y;`3]`)[A6L<+W*GAQ5255!<K!<GW'V&2DM,LN=.TDO=((RYS6C2`TMC,^
M'AV';B+4.()Z"FQ?<JAESM%BJZ=SBWKE65#'3F2(-=,Q@D:P`C)H(#CFS/81
MDMA8+,;L+6MT5":)A@!$!<YQ'=TG=D<_=9NVG/,[5G%`^JBVA?26^.N93PLE
MDDBW_53S0PTX<PAP<Z)S3V8[$`N`[O`#YZGU5'576YD5%#<G1P01BXT,\DL6
MBT.`A[-S@UPRTCHN.>EF=JGRM+LYK+76N=1FL:('DTP;F9AHGL,N//@\:TSA
M\6QEWMM1!=+5<W5%3`#:J>XU<DD1!`:[0?(0=R&WLVC(-XL@MXHM28[;;Y\5
M3QSW.W6&>!L4K9ZNLJ*=U60TZ,C=S>QIT<RW/:[A!R&6<YP&^.3"U$^*E;3L
M)DR#'O>V3V1WL@<_LG!_NP7;3I<?"I$B(B*'4N,J.>HJ12X<OKWLG,$SV4'`
M]NP@G/;EF-O:4Q11+$^(YJ"[0VRCL?7.I;"VJ<W=V,>T%^@TL:02X@YEQ&6B
MW;M)`.4PY=9[G'6QUE+%35E%4&GG9!/NT9=HM<"U^321D\;"`0<QDLRK"^W*
M&T6FJN=3!/-!3L+Y&01Z;]$<)#>/(;3W`5C+#B"&X314U/8KM1PNC+F2STFY
M1`<(&>?'GL4B101^*[C-6U[[9ANFFBIWSQNJYJYL8R@=D]LF3"8W$[6-=PC,
MDMR4RMM9'<+=25\37-CJ863-:_W0#F@@'N[5<K`8FOU':):&GJ[77UKJN0MA
M%-3;L--H+LCMV'($CO%7MEN?72"27K=7T6@_1T*R'<W.V9Y@9G,;5DEC<176
M*R66LNLT9D931E^@'!N9X!FX[`,R,R=@&U1VUXDN(K*&FK<.PT%)4U+J1CHZ
ML/)DT"_38T,`=$0/=`YY\+<MJFB*)UF*Z."]5E`RP7FIK*1K1(^GHM,:#LRT
MAV>UIR/C!4GI)M\4T,^Y2Q;HP/W.5NB]N8SR<.(JJHSB^_&U.HZ.*U"Y5%7N
MCVP.F;'I-C`<X-T@=)^T:+0-O;`&:K8=O59<*RLH;C;HZ*J@CBGT(JC=AH2:
M6B'=BTM>-`YMRRX,B5(%3GDW&"27<WR:#2[08,W.R'`!VU%;'BZBN9IS08?O
M3(*J39.ZAT(P<\BYQSV;0<RI<BAM?B.N=B&HMMJP_#6RTLC:=U1+5MCW)[HQ
M)F]H:YS8M'9I<;LAEQK/X=N@O-GI[B(=Q,FDUT>F'AKFN+79.&QPS:<CQC(K
M)K$8DO=-8+<*^KIJN>$R-B(IHMT<"XY`D9\&9`S[H7FR7D7.66(6>Z4(C:':
M593;DUV9X`<SF5F5XFD;##)*X$M8TN(`S.0&:@-+C>X34;+N[#D4=LT89'5.
M_P!KR^.5VBW<\FY/D'ZS,QEL`+B5L%%'+YB:FMETAM4EHNM942PF>/>M+NK7
M-!`=MSX07-S'^T%E[56]<*)E5O.JI-(D;E51[G(,CEM&95XL-BB]=8[='4-I
MVSS33QT\3))A"PO><AI/.>B.[D3P``DK&V+$5?57*FHKC8A;15PRRP-WP'RC
M<W!KA(S1&CGI9M(+@1PY$Y*5HH@S&=-+5544&'K]-)2S&"5T=#F&O&1RSTNT
M0>\0I>-H113$F)JBVW6.U4-E-RGW`5$C!4-C=HE^@-!I!+\CM=P:+=NTY`Y+
M#EUGN4=;%5TL--5T50:>9D$^[1Z6BUP+7Y-)&3QL(!!S&2S*LKO7QVNV5-QE
MAGFCIV&1[(&:;R!PY-X]FU8FQXEANT\+*>R7>GBG9NC:B>DW.(C+,'2SXQP*
M1HH-)BZZ3U-:+;AV">GI9)V&IFKVQM;N+M%X?DUQC<3[@'A&9);DIA;:R.X6
MZDKXFN;'4PLF:U_N@'-!`/=VJY6#Q)B"FL1HF5-!7U1K)#%$*2#=>SRS#3M&
M68!R[Q5Q8[H+I%*\6RX4(C<&Z-9!N1=LSS`S.8646/OURBLUFKKK-&Z2.EA=
M*YC2`79#/+,[!WSL"C=!BFYFKI-_X?AI*6IJFTF[,K1(Y\CFZ37Q@,`DCRR!
M=F"#GV.0)4T11>X8LIJ6\5-IZQWFJJ:9K)'&GH]-NB[/1<#GM!+7#OM*D-%4
M;ZI(:G<)H-U8';E,W1>S/B<.(JNH]BJ_R6;>,%-;Q7558][8X73MA#@UA<X`
MD'-Q`R#0-I[0!*\X<OM77UL]!7VME!.RGBJF,9/NA$<A<`'C1&@\:)S;M':)
MVJ1JG/)N4$DNYODT&EV@P9N=D.`#MJ+V;&-+=WTSZ.PWL0U+M$5$E%HL&W(E
MQSV`$'/O*6(H?=,3UXOT]FM=B97O@='&^22J:P1O>W2:YS0USA'EL+\N'8`=
MI&<P[=#>+5'7.@$,A?)%)&V02-#V/<QVBX;'-S:<CQCB'`LHB(B\3/='"][&
M%[FM)#!PN/:6J[A5W=V#WXLH<:%E?(T2&ET813-<=A@:S0+S(/<C-VEI@9_X
M5M6//<VZ6>>0SSX5Z4*O<9N^+V6R2[.M1HZ43T[H&1"HG+RYKRU\C79-:&@$
M-&9+AF<L@?O4U;/#0W:DDJZ>KBIKC)%#-31L8Q[=%KB>P:T%^DYVF0-K]+O*
M:+`8SN,]NLPD@J(Z033QP25DK0YE*Q[LC(0=FS@&>S,@G9FL#3MN=JQA9K?'
MBBIN=#5QROFIZDQ.E;HL.3QH1MRCSR!V^Z+<N,&>HM3U]*;Q8+]?9,0TU#4;
MI)N]!+#!O6)T;B&LJ6NC<^1V3022<SLT<ADMD6"6>>Q6V:J$@J)*6)\@D`#M
M(L!.8`&W/N!9!1+$$U168DI+$+S):(74YJ&20A@FJGAQ:6,<]I`#1D79#2.D
M-H&>?C`]1<GUU^HJZ[FZP452R&GJ.PV-T,RUY:UH,@S&EELVM'"#G,%@\95L
MEOPY65,;H6>XC?+.S3CA8]X:Z1[>-K6N+B.#(;=F:A_6R2SXFPH:/$'7&*9S
MX#%/'3F5L6YEV<.YQ#0C[$:61RRT0,ELQ%KV62ONW7NX-Q<ZTU-!-+"RD;N+
M(J<,)T#/IL<YP<,GDY@:+AH]LRC!U35UN%K365[W/JYZ9DDKW-#=)Q&9(&0R
M!XAEP9+-*(8N._;U9[++7MML,VG4,J1'&Z5\K"W1CB=("UCLG%V>1=DTY9;2
M+7`\%118DQ+0.N4=?3QF&1LS61B33>':0F<QC0Z3)K>\TLS[9G*QN(JZ>VV*
MX7"EA$T]/`^1C""02!GM`VD<>0VJ#U@N=O98J^W8WDN+:ZM@CEB=N&YU,;WC
M2,#61]B0,S[HY,#LR3M6RD6NZRDZ_P!VQ"^:^]:YJ0&DWM"R!KC%HZ0?,Z1C
MBYCM(D#8T#/A.96?ZGDU1/@ZUR5+X7R:#FA\$89$YH>X-,;0``PM`+1E[G+A
MX5)5&<8UD\3K7;H[@+9#<*@Q25Q:TF/)I<&,TP6A[R,@7`\!R!.2Q]@=<Z/&
MM59Y<02W6@90[NULQC=+`\O`RD+&-V$9Z(X=CL\]F4V5K=*B6DMM7500.J)H
M87R,A;PR.#20T=\C):KN-%)#AVUWZWXH@K)9:R*9E.V"G%.Z21W9;WC$9<V7
MLB&DDN&;BXG:MO!%"Z]U3>,3UUL=B&HL[**)CHH:3<VS3A[<S*72-=FP'-H#
M1EFTYD[`+KJ?5EQK;+/)<Z^.OF9631-JH@!'*QKM$%F30"-A!/&X.RV9`2I1
MC'<^C:Z:BDJ(*6FKZIE-/53Q-D9"TAQST7@MS<6M8"X$`N&P\!PMJHJFU]4.
M&G9>C<HJBWO?*9FPNJF%KFANF]D;3N79'1!/NM(\`R6P5\<2&D@9GM+5=;67
M:;!]5BRDQF::X!KI#1EL3:6%XV&!S"PO,@]SM.D7@<`V+9](7FEA,@>'EC=(
M/RTL\MN>66U5E"KW&;OB]ELDNSK4:.E$].Z!D0J)R\N:\M?(UV36AH!#1F2X
M9G+('[U-6SPT-VI)*NGJXJ:XR10S4T;&,>W1:XGL&M!?I.=ID#:_2[RFBP6,
M;C/;+%+40314Y=)'$^JE;I,IF/>&NE<-F8:#GMV=O9FH[''<[3BFP4<&*ZBY
M45:9-WIJDPNE(;&XA[-"-NC'GD'<698!EQS]%J>OI3>+!?K[)B&FH:C=)-WH
M)88-ZQ.C<0UE2UT;GR.R:"23F=FCD,ELBP2SSV*VS50D%1)2Q/D$@`=I%@)S
M``VY]P+(*)XDJ*BIO]OL0NS[1!-"^<3Q!FZU#VD#<HW/!#<@=(Y`N((RR`*I
M8+GN0O%_MU9>C=::B?"RGF.@7-!#B6/+&M!D&PGN%O'F3,5AL75TUMPY7UL#
M8R^.,9NE87LC:2`Y[FCA:T$N([32H3);'V>]82EH,1"XQRS[B(I8Z<N$1;F3
M3B.(;FS)O99'+1`'#M6SQP(H!,^NO%5?*@8KEM$]NF?#'21;DQL36[623%['
M.<'^ZXAHG9MS*D."*NMK\*6RLN,N[5<T.G)*&Z+9"2>R:,ADTC(CN$</"L\H
MEC)V^KC9K-+7LM]/52/EWT8V.>98]$LCC,@+6O.D79Y$Y,.6W:+'!U/44&+\
M04!N;;A3B*";=M"+=A([2!$[F,;I/R:-'/:&Y9\(4[6-Q%73VVQ7"X4L(FGI
MX'R,802"0,]H&TCCR&U0>L%SM[+%7V[&\EQ;75L$<L3MPW.IC>\:1@:R/L2!
MF?=')@=F2=JV4B@%;2]?L07MLM]=:IJ%@IFP4S(6R/A+`_=)'R,<7,<20`,F
MC1.>9SRRW4WDJ),'T)J)::5S72QM?2QMC@<QLCFM,36@`,(`T=G`I2B(B'@*
MYO;_`.T.[_\`</\`_-=(#@1:9_I(?U#9O#'?P%3SJ9>\&P^"-_%2I8S$OO=N
MO@DO\!6E?Z-7Z2^?\.'\5OU%SAU1?[<:+_BT:Z/1:H_I#^\JE\/C_<Y9_J-_
MV<V;_<?_`!E3A6]?_J51_P`-W[BM`?T<_?)>?!1_ZBZ'1<X=6W^TZU_\"#_U
M"NCQP(M;=7K^SRJ\(A_B7KJ$?V>TO_'E_B6QT7-_4B_M<N7?J_XUT@BYW_I$
M^^JR>"'_`-1=`T/^I4__``V_N"KJ&]5S^SB_^#_]P44_HZ^]6X^&G^$+;J+G
M#!W]OE;X95?PE='C@1:*_I*_HL/_`.]/_"%MO!WO3LO@4/\``%FE'.J%[R+]
MX%+_``K6W]&S^J;W_P`>+^$K=B'@*YPNG_M"Q^'P_P``71Z+3/\`20_J&S>&
M._@*GG4R]X-A\$;^*E2LKS_5%=X/)_"5HG^C9_6E[\'C_B*Z#1<X=47^W&B_
MXM&NCT6K_P"D#[P?_P";#^\K(=1'^SJV_P"]+_&5L!>)OT3_`/=/[ESM_1^]
M^UW\&D_]4+HQ%SEU???Y9_!6?^J5T5#^B9_NC]R]K7O5Q_LYN7^_%_&%:=0+
MWA#PR7\%LU%S?U(O[7+EWZO^-=((N>_Z2']=6'P>3^(+>]G_`*HH?!X_X0KU
#%__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>g841059.jpg
<DESCRIPTION>G841059.JPG
<TEXT>
begin 644 g841059.jpg
M_]C_X``02D9)1@`!`0$!L`&P``#__@!!1$E32S$S-#I;,#9.64,U+C`V3EE#
M-#4V-2Y/5510551=-#4V-5]!1E)!7T9,14547UE27T),1%]#3TPN15!3_]L`
M0P`'!08&!@4'!@8&"`@'"0L2#`L*"@L7$!$-$AL7'!P:%QH9'2$J)!T?*"`9
M&B4R)2@L+2\P+QTC-#@T+C<J+B\N_\``"P@!G`*R`0$1`/_$`!P``0`"`P$!
M`0`````````````&!P,$!0(!"/_$`%T0```%`@$##`P*"`,&!00#```!`@,$
M!081$A,A!Q46,3935G64L]'3%"(U-T%15725L;*T-%1Q<Y&2DZ72XB,D,D)A
M@834)7*A%S-#1%)C)D5BPN&"A<'#Q/#Q_]H`"`$!```_`/TB`@DN[*Q'<N)A
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MXAU&I\%YI#S,V.XTXDE(6AU)DHCTD9&1Z2&R`XDZVJ9-US-Y+I+J&9-U25X&
ME37^[4GQ&1D1_*0STFBQ*9"?BI-R0<AU;\AV1@I3SBMM2L"(O`18$1$1$18#
M@V/`@KAU8UPXZL*Q.(L6DG@6?5_`2;6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+
M]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8
MIZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>
M@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#
M6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`UL
MIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=
M\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$
M(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+
M]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8
MIZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>
M@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#
M6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`UL
MIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=
M\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$
M(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+
M]BGH#6RG?$(OV*>@-;*=\0B_8IZ`ULIWQ"+]BGH#6RG?$(OV*>@-;*=\0B_8
MIZ`UMIQ:>P(WV*>@5);6BW*21:"*&S[!"YP`#VA%[#^!U?CF=SZA*```````
M``````````````````````````Q`````````````````````Q3%M[G:3YFS[
M!"YP`#VA%[#^!U?CF=SZA*````````````````````````````````Q^;,FU
M%Q*DY47J7KAV1-R\])23F43SN&)&K''##_03.N%4ZW:EI6U2VY+LE5*;J#RF
M'4H6@T,I)@S-2B+`WE),RQQ,FS&Y!O"HUI]EPJS'I!J;B):@JC9Q<E;I8.8?
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ME!HVR(_V3TE\A[0S@`'M"IZ1&U/WY-:<N-RAZY:[S"7V8^A+F23QY.)*/'##
M##^`YJ%L*MO4W[).FKCJC/8ZY.9+!_H>UQ/3I\0[+EP/P:I2:=3ZC3F(&;8+
M,TLFG6S4M]23[59I4M!E@1&T9FE64:B,L"/BT.MUA$:E-MU$GISZ&X[DYU!.
M.)RJB;2D^+$D^/:/Z!TSNFO4Z,_(GU8G6CCSTDKL-&+:X\MMA"]M)&:B69JR
MC))'@>@B,ASF+OK3M0*4BIF^JGIJB&XN4VKLQ3;#+C:5YKM5*[97['@2>'A,
M;T*[ZNX[$BRJ]$CT]^0@EU92F%YI1LJ<S6*?T191I+),^VP,R/2:3'N(ZT[J
M.45V<^VXPY+B&^ZYVJ%H.:G*,\=I)ECM^`>9=8*C2:KL5<0FANRH4?/LK1F(
M[JB=-XVE+_1D>!,EI[4E+VL<2&JQ5JG.K-/DR'&''WTQ&$/)(EIP[*E)2Z1%
MVN5@DC/#M=O#09#9.];@DPHKQY,)A4ANFRG<&VU-26VUJ?-*G>T+%9(0G*T:
M%88G@#U?KU1I,^1.?BJCQJ?"<-A#)*0^MUY19PU;>&2@E$1>$]LRPQQ*O2XE
M)J+B9D..O"02FGUM80S0^EM&T1J29D>!F[@G*-)Z$D9"?V34GJI1C??D.OK1
M(=:RW6VTJP)6@C-I1MKPVLI&!'AM$>)"0@!BF+;W.TGS-GV"%S@`>`1>P_@=
M7XYG<^H2@```````````````````````````````&JJGP5J-2H4=2C/$S-I)
MF?\`H-E*4I(B2DB(BP(B+:(>#9:-Q#IM(-Q&))5DEBG';P,>2C1TJ0HF&B-&
M.29(+M<=O#Q8CZ4=A*S63+9*,S49DDL3,RP,_E'M:$+PRT)5AXRQ'Q;33AH4
MXVA1H/*2:B(\D_&7B'K)+Q%I'E332G$.*;0:T8Y*C(L4X[>!^`>LE/B(83B1
M392R<=K-(/%*,@LDC\9$,X``#5<@07%J<<AQUK4>)J4TDS/_`$&<FFB;2V3:
M,A.@DY)8%_(>3CL&MM9LMFIO'(/)+%..WAXAZ0TVC'(;2G$S4>!$6)GX1]4A
M"DFE24FDR,C(RT&1[8\)C1TFDTL-D:3(TX(+1@6!8?RT#YV+&S)L]CM9HSQ-
M&0629XXXX?*,II2:<DTD:?%@/*FFEM&TIM!MF6!H-)&1E\@^DA*2(B21$18$
M1%M#XZTTZVIMUM"T*VTJ21D?\AZR2PPP(>,PSBX>:1B[H</)+M_!I\8]--MM
M-I;:0E"$E@24E@1?R'H`,4Q;>YVD^9L^P0N<!%]4+.)M\G$R$ML(E,*D(4Z;
M27VLLB4V;A?L$K$BQ/`O`9D1F8T+$F3TVI.D-0ER4-S9)08[4A*LIDEX)2EQ
M1D1D6DB,SPT:#PP',LVLUYJ)5"9L^:\2JM-49IEQTY)F\HS3I7MD>CQ"0Z_7
M'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K
M]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8
M&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+
MU@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+
MHO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G
M\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`
M>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ
M\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_
M7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!
MK]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]
M8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ
M+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_
M+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'
MG\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?
M`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OU
MQ\!Y_+HO6!K]<?`>?RZ+U@:_7'P'G\NB]8&OUQ\!Y_+HO6!K]<?`>?RZ+U@:
M_7'P'G\NB]8&OUQ\!Y_+HO6#[K]<>)8V1/Y;%ZP5S;3KVQRDXQ%E^IL_OI_Z
M"_B+N`>5H2XA2%I)2%%@:3+$C(?4I2A!(0DDI26!$18$1",6'\#J_',[GU"4
M```````````````````````````````````````````````````(M<;]9>N.
MET:E5-%/0_$DR773C)>-1MJ:22<%'@1?I#^@A\M275]>:[2:K44SNPE,&T\3
M"6CP6V:C(R3HVR$J`Q3%M[G:3YFS[!"YP`#VA%[#^!U?CF=SZA*`````````
M``````````````````````````````````````````$9G=\&B<5SN=C#%;^[
M:[/Z/FC$K`Q3%M[G:3YFS[!"YP`#VA%[#^!U?CF=SZA*````````````````
M```````````````````````````VAY)QLSP):3/Y1Z```````1F=WP:)Q7.Y
MV,,5O[MKL_H^:,2L#%,6WN=I/F;/L$+G`:M2J$.F0W)LY\F6$8$:C(STF>!$
M1%I,S,R(B+29F/-,J,*J1"EP7R=:RE(,\#(TJ2>"DJ2>!I,C+`R,B,AP[#^!
MU?CF=SZA*``````````````````````````````````````````!P[V,TV;<
M"DF9&5.D&1EX/T2A3L6CTB&_;$J)3(C$C7*!^E;92E6E:<=)>,7\6T0`````
M`",SN^#1.*YW.QABM_=M=G]'S1B5@8IBV]SM)\S9]@A<X".7U3I=3H!QH3:W
M'$R6'5$TLD.Y"'4J5FU&9$ES`CR3,RT^$AJ6M2*K#MZH1<ZY`?D2WWHSC^2^
M^VE:L2-T\3):\<?">C)+$\!P;-I-S.1:H;%V9DBJTU*BUN;5E*)Y6*M)Z,3T
MX>`2'66[>&?W6UTAK+=O#/[K:Z0UENWAG]UM=(:RW;PS^ZVND-9;MX9_=;72
M&LMV\,_NMKI#66[>&?W6UTAK+=O#/[K:Z0UENWAG]UM=(:RW;PS^ZVND-9;M
MX9_=;72&LMV\,_NMKI#66[>&?W6UTAK+=O#/[K:Z0UENWAG]UM=(:RW;PS^Z
MVND-9;MX9_=;72&LMV\,_NMKI#66[>&?W6UTAK+=O#/[K:Z0UENWAG]UM=(:
MRW;PS^ZVND-9;MX9_=;72&LMV\,_NMKI#66[>&?W6UTAK+=O#/[K:Z0UENWA
MG]UM=(:RW;PS^ZVND-9;MX9_=;72&LMV\,_NMKI#66[>&?W6UTAK+=O#/[K:
MZ0UENWAG]UM=(:RW;PS^ZVND-9;MX9_=;72&LMV\,_NMKI#66[>&?W6UTAK+
M=O#/[K:Z0UENWAG]UM=(:RW;PS^ZVND-9;MX9_=;72&LMV\,_NMKI#66[>&?
MW6UTAK+=O#/[K:Z0UENWAG]UM=(:RW;PS^ZVND-9;MX9_=;72&LMV\,_NMKI
M#66[>&?W6UTAK+=O#/[K:Z0UENWAG]UM=(:RW;PS^ZVND-9;MX9_=;72&LMV
M\,_NMKI#66[>&?W6UTAK+=O#/[K:Z0UENWAG]UM=(:RW;PS^ZVND-9;MX9_=
M;72&LMV\,_NMKI#66[>&?W6UTAK+=O#/[K:Z0UENWAG]UM=(:RW;PS^ZVND<
M>[Z/=#=IUQ;UW9UI,"0:V];6DY99M6)8D>C'QB'3&WG8=OMQG^QWEU"`3;N0
M2\V>6G`\#T&+)*BW;ANS^ZVND-9;MX9_=;72&LMV\,_NMKI#66[>&?W6UTAK
M+=O#/[K:Z0UENWAG]UM=(:RW;PS^ZVND-9;MX9_=;72&LMV\,_NMKI#66[>&
M?W6UTAK+=O#/[K:Z1SX<*K0]4&EZZ5K7'+I<S-_JJ&<W@['Q_9/3CH^@8&H-
M8F7S<ZJ77-;DI3#):>Q$/99YH].*CT#KZRW;PS^ZVND-9;LQ+&\_#Y,:Z17=
MM-2"MRD$<K$^PV=.;+_H(7>``>T(O8?P.K\<SN?4)0``````````````````
M````````````````````````.'>^XNX>+9/-*%6?NVSQE3_;2+O+:(``````
M!&9W?!HG%<[G8PQ6_NVNS^CYHQ*P,4Q;>YVD^9L^P0N<``]H1>P_@=7XYG<^
MH2@``````````````````````````````````````````<.]]Q=P\6R>:4*L
M_=MGC*G^VD7>6T0``````",SN^#1.*YW.QABM_=M=G]'S1B5@8IBV]SM)\S9
M]@A<X`![0B]A_`ZOQS.Y]0E`````````````````````````````````````
M``````X=[[B[AXMD\TH59^[;/&5/]M(N\MH@``````$9G=\&B<5SN=C#%;^[
M:[/Z/FC$K`Q3%M[G:3YFS[!"YP&K4534Q%JIY1SD$98=D*4E&&.G$R(SVASK
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M6]\1]8@SK>^(^L09UO?$?6(,ZWOB/K$(W-4E6J#1<E1'_A<W:/\`[L88J"I*
M;UNPU*(O@>V?_:,2G.M[XCZQ!G6]\3])"FK;,MCM)TE\#9]@A=`#2K,`JI29
MM-4^XPF4RME3C6&4DE%@9ECX<#'I^GP7Z<=-?B,NPC;)LV'$$I!H(L"29'H,
MM`@EF6A:LF)552+;I+IHJ\U"37#;/)23RB)):-HB+`B$CV$6;P5HW(F^@-A%
MF\%:-R)OH#819O!6C<B;Z`V$6;P5HW(F^@-A%F\%:-R)OH#819O!6C<B;Z`V
M$6;P5HW(F^@-A%F\%:-R)OH#819O!6C<B;Z`V$6;P5HW(F^@-A%F\%:-R)OH
M#819O!6C<B;Z`V$6;P5HW(F^@-A%F\%:-R)OH#819O!6C<B;Z`V$6;P5HW(F
M^@-A%F\%:-R)OH#819O!6C<B;Z`V$6;P5HW(F^@-A%F\%:-R)OH#819O!6C<
MB;Z`V$6;P5HW(F^@-A%F\%:-R)OH#819O!6C<B;Z`V$6;P5HW(F^@-A%F\%:
M-R)OH#819O!6C<B;Z`V$6;P5HW(F^@-A%F\%:-R)OH#819O!6C<B;Z`V$6;P
M5HW(F^@-A%F\%:-R)OH#819O!6C<B;Z`V$6;P5HW(F^@-A%F\%:-R)OH#819
MO!6C<B;Z`V$6;P5HW(F^@-A%F\%:-R)OH#819O!6C<B;Z`V$6;P5HW(F^@-A
M%F\%:-R)OH#819O!6C<B;Z`V$6;P5HW(F^@-A%F\%:-R)OH#819O!6C<B;Z`
MV$6;P5HW(F^@-A%F\%:-R)OH#819O!6C<B;Z`V$6;P5HW(F^@-A%F\%:-R)O
MH#819O!6C<B;Z`V$6;P5HW(F^@-A%F\%:-R)OH#819O!6C<B;Z`V$6;P5HW(
MF^@-A%F\%:-R)OH#819O!6C<B;Z`V$6;P5HW(F^@-A%F\%:-R)OH#819O!6C
M<B;Z`V$6;P5HW(F^@-A%F\%:-R)OH#819O!6C<B;Z`V$6;P5HW(F^@<:\+-M
M*/:5=?8MFD-NMT^0I"T0VR-)DVHR,CPT&(1*CL2XMO1I3+;[#U0@)<;<22DK
M(UIQ(R/;(6@5D6;AN5HW(F^@-A%F\%:-R)OH#819I8'L5HW(F^@4VQ2Z8BUZ
MF::9"(V^SR0?8Z,4DEQXDX'AX"(L/D%IV[9EHO6_2W7;7HZW%Q&34I4)LS,\
M@L3/0.CL(LW@K1N1-]`;"+-X*T;D3?0&PBS>"M&Y$WT!L(LW@K1N1-]`;"+-
MX*T;D3?0&PBS>"M&Y$WT#EL42C4;5!I.M-*A0<[2YF<[&82WEX.Q\,<"TX8G
M](P1:#1*Q?%T+JU(@SEME#2A4F.EPTEFCT$9EH(=O819O!6C<B;Z`V$6:6DK
M5HW(F^@5I;46,5NTG]7;^!L_NE_T$+N``/:$7L/X'5^.9W/J$H``````````
M````````````````````````````````'#O?<7</%LGFE"K/W;9XRI_MI%WE
MM$`&*$;W+5?Y:CSKPN>V-S=(\S9YM(Z@```(S.[X-$XKG<[&&*W]VUV?T?-&
M)6!BF+;W.TGS-GV"%AW-=3%!E,Q%1')#[S*G&TI6E.4K+0VA!8[9J6XDM&T6
M)G_'J4.I(J],9G(:-K+-:%(-1*R5(4:%$1EH,L4G@9;9:1T`/:$7L/X'5^.9
MW/J$H``````````````````````````````````````````'#O?<7</%LGFE
M"K/W;9XRI_MI%WEM$`&*$;W+5?Y:CSKPN>V-S=(\S9YM(Z@```(S.[X-$XKG
M<[&&*W]VUV?T?-&)6!BF+;W.TGS-GV"$JU12>3/I+[Z)Y4YI+IF]`**3C3QY
M))Q4_M$:367:Z<=O0)1;##<:WZ?':9DLMMLI2AN2EM+B2+:)1-]J1_Y=`ZH>
M`1>P_@=7XYG<^H2@``````````````````````````````````````````<.
M]]Q=P\6R>:4*L_=MGC*G^VD7>6T0`8H1O<M5_EJ/.O"Y[8W-TCS-GFTCJ``"
M.U2X9<:LN4FFT&74GVH[<AY33S3:4)6I:4EVZBQ/]&K:&S;M:76"GH?IK\"3
M!D=CO,O+0LR/-H61D:#,C+!9#2G=\&B<5SN=C#%;^[:[/Z/FC$K`Q3%M[G:3
MYFS[!#H7;6(TNOJ6N)#DOTQUZ&<6H09#[*DJ2VHG4J;:625_NF6!Z#,L2\,X
ML:*W#M2FL-.DZV39J2:6%,I21J,\E*%]LE*<<DB/21$0U]4&;.A6\1T\UI>?
MEQHQK;<)M24N/)0K!9D9)/`\,KP8XEIP&&V*JXW0:BIUFH27J=*>8<9SA27,
M4F1Y*%Z#<(B46!JP5MD>DAP+-N@X\2J)V.U]W*JTU>+<+*(L7E'@?;;9;1D)
M%LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@
MO<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/
MS!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/
M@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(
M/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP
M/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G
M(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!L
MP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<
MG(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!
MLP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O
M<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S
M!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S!LP/@O<G(/S#CW?=9OVG7&=C=PM
MY<"0G+<@X)3BVK29Y6@A#9C_`&+#M^1F77LU4("LVRG*6O!:="2\)BR2O`\-
MR]R<@_,/NS`^"]R<@_,&R\SP_P#"]R<@_,*KAN9ZT*D[D+;SA5!62X6"DXN/
M'@9>`R\(L*WKL-J@4MO8U<2\F(R64B#B1]H6DCRATMF!\%[DY!^8-F!\%[DY
M!^8-F!\%[DY!^8-F!\%[DY!^8:=LU+72^*[([`FP\FG0D9N8SFUG^DD'B18G
MHT_Z&-6GU[6NY+M8UFJTW*J+:\Y#C9Q!?JK!8&>):='^I#+#K&NNJ#2_\+J4
M'-4N9\-8S67B['_9TGCAAI^4A@9K6M5\W.C6FJ3<XF&>5"CYTD_HCT'I+`QV
M-F!\%[DY!^8-EYF9%L7N3D'YA75M2<;<I!]COEC#9VT?^@A8\NXK?H58=I;C
M<Q$J01RW#9A//),SR4XXI2>G:VM!8:<-&/<I4]NIP&IS+,AIMW')3(:4TO`C
M,L32K26.&)8^`R&:7%C38SD66PT_'=+)6TZ@E)47B,CT&/,*'$@141(49J/'
M01Y+32"2E/A/`B_B(]8A%V'5^.9W/J$IP+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P
M+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>
M(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$
M&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P
M+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>(@P+Q$&!>
M(@P+Q$&!>(@P+Q$&!>(APKW(MAEPZ/\`RV3S2A5O[ML\94_VTB[B(L"T$/N!
M>(A\,B\0H5O<M5_EJ/.O"YK8PV-TG1_R3/-I'+*Z7WI<UBG6Q59S<20J,M]I
M<=*#6G#*P);J3PT[9D.Q0:I'K=&A5:,TXVS+:2ZA#I$2DD?@/`S+'Y#'1P+Q
M$&!>(A&8/?!K?%<'G)(6MW;N_C1'ND<)W?!HG%<[G8PQ4#=M=G]'S1B5X%XB
M'PR+Q"F;;W.TGS-GV"'5U17WV[AI^NL6"]`S;R8L94Z4E3RNT,W#0RPK`TZ2
MTF98*QT"6V)5J35*!'32G(^3'22%LLN.+)HSTD6+B4K,C+21F18B2@>T(O8?
MP.K\<SN?4)0``````````````````````````````````````````.'>^XNX
M>+9/-*%6?NVSQE3_`&TBZWW4L1W'UD9I;0:CPV\"+$5H>J?+33$U55J/E!4T
ME[+[.:RB;5@9'D[>.!EH%GF*$;W+5?Y:CSKPN:V=S5)\R9YM(Y-C;=Q<=R?_
M`&CWJ:;@Z#YH@8G:Q<LNNU6GT:!2E,4];3:G)<EQ"EJ6VE>@DH,L"RB+;'4M
M6J2:O2"ES([3$E$A^.XAE9K1E-.J;,R,R(S(\G'27A&E![X-;XK@\[)"UN[=
MW\:(]TCA.[X-$XKG<[&&*W]VUV?T?-&)6!BF+;W.TGS-GV"$AO\`D3HE4ITR
M*ZFGU`W'(D9Y$U!*?:7FS,C;4RX1EEX>+),DZ>VP'=L.F1HM*;J3,A;[DYEL
MUK.23Z<"-1Z%DE..*EK49X%I49:"(B*4@>T(O8?P.K\<SN?4)0``````````
M````````````````````````````````.'>^XNX>+9/-*%6?NVSQE3_;2+DJ
MG<N9\POV3%"2.]JWQ6S["!^A?`*%;W+5?Y:CSKPN:V=S5)\R9YM(Y-C;=Q<=
MR?\`VCWJ:;@Z#YH@?+;W57AYW']U;'NPNXDGC2H>]NA![X-;XK@\[)"UN[=W
M\:(]TCA.[X-$XKG<[&&*W]VUV?T?-&)6!BF+;W.TGS-GV"'=U5W6(DBDR$R5
M,S%F:$(C/H[)?)*VW"0VTMM1.=NA![:3+`BQ,E&0F%HMMM6Y!)IB>R2T&ZI$
M]!)D9:U&I1N$6@E&HS,R+06.@=*=,B4^*Y,G268T9O`UNO+)"4XG@6)G_$R'
MF!/A5&/V3`E,R6#,TYQI9*3B6V6)#@V'\#J_',[GU"4`````````````````
M`````````````````````````#AWON+N'BV3S2A5G[ML\94_VTBY*IW+F?,+
M]DQ0DCO:M\5L^P@?H7P"A6]RU7^6H\Z\+FMG<U2?,F>;2.38VW<7'<G_`-H]
MZFFX.@^:('RV]U5X>=Q_=6Q[L+N))XTJ'O;H0>^#6^*X/.R0M;NW=_&B/=(X
M3N^#1.*YW.QABM_=M=G]'S1B5@8IBV]SM)\S9]@AV-4%NJU.NQ:'**E(IKS3
MKS:7YQL9Y*<@C)2LRHR,C,]"%%HTF>T)7J>OQY%G4I<2,B.PELVT--OJ>01)
M4I/:N*TK2>&)*/;(R,>[WB]F4$V3;GK;*0PXOL`DF\DD.I5E$DR/*P-)&9$1
MF9$>&D8+=.X7*%.RW5=D9]PJ>[4F3)9LZ,@W4)R3QQRO$>&3CIQ$=LUJ\SB5
M3L6=0DIUVFY><B/&9KSRLHRP<+1CC@7K$AS5^^4+=Y$_UH9J_?*%N\B?ZT,U
M?OE"W>1/]:&:OWRA;O(G^M#-7[Y0MWD3_6AFK]\H6[R)_K0S5^^4+=Y$_P!:
M&:OWRA;O(G^M#-7[Y0MWD3_6AFK]\H6[R)_K0S5^^4+=Y$_UH9J_?*%N\B?Z
MT,U?OE"W>1/]:&:OWRA;O(G^M#-7[Y0MWD3_`%H9J_?*%N\B?ZT,U?OE"W>1
M/]:&:OWRA;O(G^M#-7[Y0MWD3_6AFK]\H6[R)_K0S5^^4+=Y$_UH9J_?*%N\
MB?ZT,U?OE"W>1/\`6AFK]\H6[R)_K0S5^^4+=Y$_UH9J_?*%N\B?ZT,U?OE"
MW>1/]:&:OWRA;O(G^M#-7[Y0MWD3_6AFK]\H6[R)_K0S5^^4+=Y$_P!:&:OW
MRA;O(G^M#-7[Y0MWD3_6AFK]\H6[R)_K0S5^^4+=Y$_UH9J_?*%N\B?ZT,U?
MOE"W>1/]:&:OWRA;O(G^M#-7[Y0MWD3_`%H9J_?*%N\B?ZT,U?OE"W>1/]:&
M:OWRA;O(G^M#-7[Y0MWD3_6AFK]\H6[R)_K0S5^^4+=Y$_UH9J_?*%N\B?ZT
M,U?OE"W>1/\`6AFK]\H6[R)_K0S5^^4+=Y$_UH9J_?*%N\B?ZT,U?OE"W>1/
M]:&:OWRA;O(G^M#-7[Y0MWD3_6AFK]\H6[R)_K0S5^^4+=Y$_P!:&:OWRA;O
M(G^M&-Y5ZL$1OU>V&B/:RXCR<?I=!E5ZOD9L5>V'2+;R(CRL/H=&3-7[Y0MW
MD3_6AFK]\H6[R)_K0S5^^4+=Y$_UH9J_?*%N\B?ZT,U?OE"W>1/]:&:OWRA;
MO(G^M''N]J]BM.N'(G4!3&M\C.$W#>)1IS:L<#-TR(\!#)A2#B6^4-32))U"
M!FE/)-2"5EIPRB(R,R^0R%A5%J^M;I67/M[(S*\<(3^.&2?_`'154K'_`&:)
MR,,=:F<,?'D(P%OYF_,>Z%NX8_$G^M%4P\Z5HU(I!H4[A4,X;9&235G'L<"/
M'`L=H6';S5\;'Z9F9]ODUV(SDDN&\9D606W@Z-K4Z*446NE-6RN459DYQ3*3
M2@SQ3M$9F9%\IF.-835Y'9M&.#-H:(IQDYM+T1Y2R3IPQ,G"(S^0B'6L@J@F
MO7:54<C.2^S&,I49M2&S+L9O#`E&9_ZCGVHW=JH$TZ7,HK</72?D)DQ75N%^
MM.XXFEPB/3CX!OVTFK)OBNE67H3LC6V%DJB-*;1DYR1MDI2CQQQ\(U:<BY57
M)=IT:52FH^N3>4F7'<<7E=BL8X&E:2PPP\`RQ$5Y.J#2M>Y%.=QI<S-=AL+;
MP_2Q\<K*6K'P;6'A&!A%PJOFYSHDFF-(R8><*8PXX9GFCVLE:<"'8S5^^4+=
MY$_UH^YJ_,2QJ%NX>9/]:*YMHI>QRDXK8Q[#9_</_H+^(ENJ@S/?1"0DT=@%
MBHT&U&<-QXEHP1@^E191MYS)R2Q-6!'HVY'9!3$VO3RGG(-\TJ/&022<-)K4
M:3,D=JDS3D]J6@MHMH=X/`(O8?P.K\<SN?4)0```````````````````````
M``````````````K'5.B1)MT6\S,BL26BAS%$AYLEI(\IC3@9;>D>M2V+%AW#
M<S,.*Q':S4)60RV2$XY+NG`BVQ9@```.'>^XNX>+9/-*%6?NVSQE3_;2+DJG
M<N9\POV3%"2.]JWQ6S["!^A?`*%;W+5?Y:CSKPN:V=S5)\R9YM(Y-C;=Q<=R
M?_:/>IIN#H/FB!\MO=5>'G<?W5L>["[B2>-*A[VZ$'O@UOBN#SLD+6[MW?QH
MCW2.$[O@T3BN=SL88K?W;79_1\T8E8&*8MO<[2?,V?8(=G5`4JHU=A5)BS)<
MNEFDGU)IQR66CRVW<"[=!YSM$XY&4>2HR,M)"8V6S&8MBGHART2F#0:TNH;S
M:3RE&HR2C]PB,S(DGI21$7@'=`]H1>P_@=7XYG<^H2@`````````````````
M```````````````````!7&J'NMM_S&;[<<?=3C=-<WS,+U.BQ@```<.]]Q=P
M\6R>:4*L_=MGC*G^VD7)5.Y<SYA?LF*$D=[5OBMGV$#]"^`4*WN6J_RU'G7A
M<UL[FJ3YDSS:1R;&V[BX[D_^T>]33<'0?-$#Y;>ZJ\/.X_NK8]V%W$D\:5#W
MMT(/?!K?%<'G9(6MW;N_C1'ND<)W?!HG%<[G8PQ6_NVNS^CYHQ*P,4Q;>YVD
M^9L^P0G,RA3(DV9+BW?)IK$M\WC9-B.I)+-*2/!2TF?[N.V.W;L!JF4:-#9E
MJEI01GGU9.+AFHU&KM=&V9[0Z8'M"+V'\#J_',[GU"4`````````````````
M````````````````````*XU0]UMO^8S?;CC[J<;IKF^9A>IT6,```#AWON+N
M'BV3S2A5G[ML\94_VTBY*IW+F?,+]DQ0DCO:M\5L^P@?H7P"A6]RU7^6H\Z\
M+FMG<U2?,F>;2.38VW<7'<G_`-H]ZFFX.@^:('RV]U5X>=Q_=6Q[L+N))XTJ
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MJ1*0VO`\G`\#/'`=G4S42K!M]23Q2<-!D9>$@MO=5>'G<?W5L>["[B2>-*A[
MVZ$'O@UOBN#SLD+6[MW?QHCW2.$[O@T3BN=SL88J!NVNS^CYHQ*\1\,4S;>Y
MVD^9L^P0Z]\R*K(JY=@-5*+*B*6VB7$@RE93*DH/)RD(4A?;$9[6C`L#(\1-
M;-8[&MFG,YE;2B;RE)6EQ*LHS,U&HG.WQ,S,SRM.)C;K5)BUF(B++4\E"'D/
M)-ETVS):%923Q+Q&1'A_`AS*%:\>F6TY09$N3,9<<>6MQ3JT+,EN*7@2B/$L
M,=LCV\3\(C%FV=0I,2J*>:FF:*M-;+)J,A.@GE$6TX6)X%M[9^$2+8+;F\S_
M`$G*ZP-@MN;S/])RNL#8+;F\S_2<KK`V"VYO,_TG*ZP-@MN;S/\`2<KK`V"V
MYO,_TG*ZP-@MN;S/])RNL#8+;F\S_2<KK`V"VYO,_P!)RNL#8+;F\S_2<KK`
MV"VYO,_TG*ZP-@MN;S/])RNL#8+;F\S_`$G*ZP-@MN;S/])RNL#8+;F\S_2<
MKK`V"VYO,_TG*ZP-@MN;S/\`2<KK`V"VYO,_TG*ZP-@MN;S/])RNL#8+;F\S
M_2<KK`V"VYO,_P!)RNL#8+;F\S_2<KK`V"VYO,_TG*ZP-@MN;S/])RNL#8+;
MF\S_`$G*ZP-@MN;S/])RNL#8+;F\S_2<KK`V"VYO,_TG*ZP-@MN;S/\`2<KK
M`V"VYO,_TG*ZP-@MN;S/])RNL#8+;F\S_2<KK`V"VYO,_P!)RNL#8+;F\S_2
M<KK`V"VYO,_TG*ZP-@MN;S/])RNL#8+;F\S_`$G*ZP-@MN;S/])RNL#8+;F\
MS_2<KK`V"VYO,_TG*ZP-@MN;S/\`2<KK`V"VYO,_TG*ZP-@MN;S/])RNL#8+
M;F\S_2<KK`V"VYO,_P!)RNL#8+;F\S_2<KK`V"VYO,_TG*ZP-@MN;S/])RNL
M#8+;F\S_`$G*ZP-@MN;S/])RNL#8+;F\S_2<KK`V"VYO,_TG*ZP-@MN;S/\`
M2<KK`V"VYO,_TG*ZP-@MN;S/])RNL#8+;F\S_2<KK!#+IH=.HMVT76]$A.>@
MR\O.RG7MI;&&&6H\-L]H?;1H--K5SW"=01(4;3$,D9J4ZSMD[CCD*+'^8F6P
M6W-YG^DY76!L%MS>9_I.5U@;!;<WF?Z3E=8&P6W-YG^DY76!L%MS>9_I25U@
M;!K<WF?Z4E=8.-=]ET"/:=<?::G$XW3Y"TY52DJ+$FU&6)&Y@?R&(9,CM3(E
MOQGR4;3U0@)62%F@\#6G:4DR,OE(Q851LBWD4Z4M+,_$F5F7^)R3_=/_`+@J
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M=@MN;S/])RNL#8-;I8&3,_TG*ZP5S;41@K<I)$2]$-G_`(BO^@OXC)?*:5LH
MEM2Z'(:D./$937Z7%-F01H01)2Z\ZDC,L#V\#TX8:"%IVI'.+;E.CFP;.0R1
M9LVVT9/_`-+:E(+_`.DS(=<#VA%[#^!U?CF=SZA*````````````````````
M`````````````````%<:H>ZVW_,9OMQQ]U.-TUS?,PO4Z+&``$5U2Y4J'9=0
M>AR7HS^4R@G65FA:24\A)X&6T>!GI$*HYSH5WV^A%:K#[4B6ZTZU)G+=0M),
M.J+%)GAMI(_Y"PKWW%W#Q;)YI0JW]VV>,J?[:1<E4[ES/F%^R8H21WM6^*V?
M80/T+X!0K>Y:K_+4>=>%S6SN:I/F3/-I%81>[%P\<O\`J0)SJ8=[ZW?,6_4/
M5M[JKP\[C^ZMCW87<23QI4/>W0@]\&M\5P>=DA:W=N[^-$>Z1PG=\&B<5SN=
MC#%;^[:[/Z/FC$K`Q3%M[G:3YFS[!"57+;-VUBJR%%<<8J*O0BG&RXV6&&!Y
M:VUI4O$\=&)%_`2NWJ?K5185.S41KL=LD9$1LT-)_P`J3,S(OE,QT@/:$7L/
MX'5^.9W/J$H```````````````````````````````````!6MXU.NE=[U.@5
MR33XK,!AXD,-,JREK<=(S,UH4>T@MH=G4WJ%2GT^JIJ<]R:[%J+D=#SB$)4:
M"0VHB,D$1;:C\`Y.J'NMM_S&;[<<?=3C=-<WS,+U.BQ@`!#]57<-/^=C>\-B
M)1MV-K\8.^[/"P+WW%W#Q;)YI0JW]VV>,J?[:1<E4[ES/F%^R8H21WM6^*V?
M80/T+X!0K>Y:K_+4>=>%S6SN:I/F3/-I%81>[%P\<O\`J0)SJ8=[ZW?,6_4/
M5M[JKP\[C^ZMCW87<23QI4/>W0@]\&M\5P>=DA:W=N[^-$>Z1PG=\&B<5SN=
MC#%;^[:[/Z/FC$K`Q3%M[G:3YFS[!"YP`#VA%[#^!U?CF=SZA*``````````
M``````````````````,0```````59=??`G<51>=?'9U+?@EP\<.\TT-+5#W6
MV_YC-]N./NIQNFN;YF%ZG18P``A^JKN&G_.QO>&Q$HV[&U^,'?=GA8%[[B[A
MXMD\TH5;^[;/&5/]M(N2J=RYGS"_9,4)([VK?%;/L('Z%\`H5O<M5_EJ/.O"
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M',HVVE.*TQWB+!*2,SV_`0DMWWI;\BTZY':>G&XY3Y"$XTV2DL3;418F;>!?
M*8ADR0U#B6_)?-1-,U"`I9H0:SP):=I*2,S^0B%A5&][>73I2$O3LHV5D7^&
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M2TD?A+3M#5IUR4FCW)=L:>Y)2ZJI-K(FH;SQ8=BL%MH09>`]&V,L2NTZM:H-
M*UO6^K,TN9EYV*ZSMNQ\,,M)8[1[0P,5^F46^;H1/7(2IQ,-2<U$=>+#-&6D
MT)/#^8[.SJW-^G^C)75ALYMP\")Z?Z,E=6*YMJ6R=N4DR->'8;/[BO\`H+^`
MNX!IU2FPZK%[%FM9;9+2XDTJ-"D+2>*5)41D:5$9:#(\1\I=-ATJ)V)":-#>
M4I:C4LUJ6M1XJ4I2C,U&9GI,SQ'#L3X'5^.9W/J$IP#`,`P#`,`P#`,`P#`,
M`P#`,`P#`,`P#`,`P#`,`P#`,`P#`,`P#`,`P#`,`P#`,`P#`0[55W#3_G8W
MO#8B<;=C:_&#ONSPMW`,`P#`,`P#`,`P#`,!5EU]\"=Q5%YU\=G4M^"7#QP[
MS30T=4+=;;_F,WVXX]:G&Z:YOF87J=%C8!@&`8"':JNX:?\`.QO>&Q$XV[&U
M^,'?=GA8%[[B[AXMD\TH5;^[;/&5/]M(N.J=RYGS"_9,4+([VK?%;/L('Z%Z
M10K>Y:K_`"U'G7A<ULE_X:I/F3/-I%81>[-P\<O^I`G.IAWOK=\Q;]0]6WNJ
MO#SN/[JV/=A=Q)/&E0][="#WP:WQ7!YV2%K=V[OXT1[I'"=WP:)Q7.YV,,5`
MW;79_1\T8E>`^&*9MO<[2?,V?8(7.``>T(O8?P.K\<SN?4)0````````````
M````````````.)<UR0;=:BKELRWURG3:::BLFXM1DDU'H\1$DQJV[=]/KU0>
MI[$2H1I+3)/FF7'-K*0:LG$M.G2)*`A^JKN&G_.QO>&Q$HV[&U^,'?=GA9EP
MU(J-0:E5S9SQ0HKDC-Y63EY"35ACX,<-L0=%_5QM^$4RW8+;$B2Q'4MJI*6I
M&<<2@C))M%CAE8X8D+)`````!5EU]\"=Q5%YU\=G4M^"7#QP[S30TM4/=;;_
M`)C-]N./NIQNFN;YF%ZG18P``A^JKN&G_.QO>&Q$HV[&U^,'?=GA8%[[B[AX
MMD\TH5;^[;/&5/\`;2+DJG<N9\POV3%"2.]JWQ6S["!^A?`*%;W+5?Y:CSKP
MN:V=S5)\R9YM(K"+W8N'CE_U($YU,.]];OF+?J'JV]U5X>=Q_=6Q[L+N))XT
MJ'O;H0>^#6^*X/.R0M;NW=_&B/=(X3N^#1.*YW.QABM_=M=G]'S1B5@8IBV]
MSM)\S9]@A<X`![0B]A_`ZOQS.Y]0E`````````````````````````K_`%3O
MA]K>>O>[.#GV3N^?XH+GS%@5NLTVA0NSJI))B/EI;)62I1FI1X$1)21F9G_`
MAS:->5N5J>FG4Z>MR4I"G";7'=;Q2G#$R-:2(\,HOI&CJJ[AI_SL;WAL1*-N
MQM?C!WW9X3K5#W`W+Q9(YM0K>H_L4KC.![PV+K`````!5EU]\"=Q5%YU\=G4
MM^"7#QP[S30TM4/=;;_F,WVXX^ZG&Z:YOF87J=%C!B`"'ZJNX:?\[&]X;$2C
M;L;7XP=]V>%@7ON+N'BV3S2A5O[ML\94_P!M(N2J=RYGS"_9,4)([VK?%;/L
M('Z%\`H5O<M5_EJ/.O"YK9W-4GS)GFTBL(O=BX>.7_4@3G4P[WUN^8M^H>K;
MW57AYW']U;'NPNXDGC2H>]NA![X-;XK@\[)"UN[=W\:(]TCA.[X-$XKG<[&&
M*W]VUV?T?-&)6!BF+;W.TGS-GV"%S@/BE)0DU*,DI(L3,SP(B'Q"T.MDXVM*
MT*+$E)/$C+Y1&;#^!U?CF=SZA*```````````````````/:%3R:]=4NLU=$6
MN-0XT:>Y&::*`AS!*23I-1JQ,SQ,3JQZE*J]HT>ISE)5*DQ4..J2G)(U&6DR
M+P#O````K_5-^'VMYZ][LX-"RMWS_%!<^8Z^JD9E2Z,9'A_C$7UF.!;QF=_4
M7$S/]2F;9_,B3ZJNX:?\[&]X;$2C;L;7XP=]V>$ZU0]P-R\62.;4*WJ/[%*X
MS@>\-BZP`````59=??`G<51>=?'9U+?@EP\<.\TT-+5#W6V_YC-]N./NIQNF
MN;YF%ZG1MZIDN>TJ@PX=1E0D2Y;B75Q5DA:B2PM1%E8'@6)$-'4^DU!-T5.G
MR:M/FQTP&'DE+>)PT*-QQ)F1X%AH27T"R0$/U5=PT_YV-[PV(E&W8VOQ@[[L
M\+`O?<7</%LGFE"K?W;9XRI_MI%R53N7,^87[)BA)'>U;XK9]A`_0O@%"M[E
MJO\`+4>=>%S6SN:I/F3/-I%81>[%P\<O^I`G.IAWOK=\Q;]0]6WNJO#SN/[J
MV/=A=Q)/&E0][="#WP:WQ7!YV2%K=V[OXT1[I'"=WP:)Q7.YV,,5O[MKL_H^
M:,2L#%,6WN=I/F;/L$+G`1F_UPT6XYV;`>GM&^R114962ZK.$9$Y@1_H\2Q5
MH/M2/0>T-.RXRX-L2UTGL23(=D./)C)0N)&:6K#%M!&DU)06WCDZ3,SP+'`N
M39LJ[DQ*IV-1:.X1U>::C74W$X*SRL2+]`>)$>.!^'Q$)%V9>_D"A^EG?[<.
MS+W\@4/TL[_;AV9>_D"A^EG?[<.S+W\@4/TL[_;AV9>_D"A^EG?[<.S+W\@4
M/TL[_;AV9>_D"A^EG?[<.S+W\@4/TL[_`&X=F7OY`H?I9W^W#LR]_(%#]+._
MVX=F7OY`H?I9W^W#LR]_(%#]+._VX=F7OY`H?I9W^W#LR]_(%#]+._VX=F7O
MY`H?I9W^W#LR]_(%#]+._P!N'9E[^0*'Z6=_MP[,O?R!0_2SO]N'9E[^0*'Z
M6=_MP[,O?R!0_2SO]N'9E[^0*'Z6=_MP[,O?R!0_2SO]N'9E[^0*'Z6=_MP[
M,O?R!0_2SO\`;AV9>_D"A^EG?[<.S+W\@4/TL[_;AV9>_D"A^EG?[<.S+W\@
M4/TL[_;@<R]L#_P"A^EG?[<5W2E253ZZJ8TTU(.KOYQMIPW$)/M-!*-*3/Y<
M"$@U/)5VHL>A)A46D.QBAH)M;M3<0I2?`9I)@R(_X8G\HZ$Z[*Q3I!QI[=I1
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M^50@FVAQ9H2I79#>!&HB/`L?#@?R"R5S;V2E1ZP4/01GW6=_MQ6:;NO4K:CU
MTJY'<<<:9>[&.`A*#-:DED9>)F1=MACAC_`6<<R]L3PH%#PQT?XL[_;CYV9>
M_D"A^EG?[<.S+W\@4/TL[_;AV9>_D"A^EG?[<.S+W\@4/TL[_;AV9>WD"A^E
MG?[<.S+V\@4/TL[_`&X@E6<JCM\5!56B18K^ML4DHC2%/)-.<?TY2D(TXXZ,
M/YC?L*1<;2;@32:739,?79PS7)G+95E9IK$LDFE%A_''^0U[K>K;MVT77B!!
MBX09>;[%EJ?RNW8QQRFT8>#QC[:#U<:N>X=9Z?`E$;$/.'*F*8R3P=PPR6UX
M_P"@]WN_7W:I;15>FT^*T4I\T*BS5OJ-78[F@R4TC`L,=.)_(,-M.UAJ\Z@=
M'@PI2SIC&<*5*4P22SSN&&2VO'P^(3;LR]_(%#]+._VX=F7OY`H?I9W^W$8U
M19-U.6E+14*/2F(IO1LMQBHN.+279#>TDV4D?TD.,^N:W<UMKIT=A^450<R&
MWWC:0?ZN]CBHDJ,M&/@,2B[Y=XJM*NID4.C(9.GR"6I%4<4I*<VK$R+,%B?\
M,2^40J6I],6WE1&VW9!5"!FT.K-"5*RTX$:B(S(OXX'\@L2HR[T.G2B70:(2
M<RO$RJKAG^R?_8%3RL?]FB,DB,]:F<",\,3R$8"XNS+URNX-#PQ\K._VXJ:(
M;BK1J1OI2ATRJ!N)0K*)*LX]B1'@6)8^'`A8UOR[R*WZ63-"HJFRALY*E55P
MC,LVG;+,:!#:4J2J?753&FFI!U=_.-M.&XA)]IH)1I29_+@0D&IY*NU%CT),
M*BTAV,4-!-K=J;B%*3X#-),&1'_#$_E'7LI<YROW:NI1X\>4<R/E-QWC=01=
MC-X8*-*3/Z!H6G)NEN!-13:12GXI52?D./U%;2S_`%IW'%),J(M./A,;UMN5
M1V^:ZJK1(L5_6V$241I"GDFG.2-.4I"-...C#^8UJ8_<35QW:FD4RG2F-<FS
M4N3.6RHE=BL:,E+2]&&&G'^0RQGJV[J@TK7B!!BX4N9F^Q9:G\K]+'QQRFT8
M>#QC!'>KK5\705'IT"4DRAY9RIBV#2>:5H(DMKQ^DAV>S+W\@4/TL[_;AV9>
MV)8T"AX8^5G?[<5O;2I6QVD_H6O@;/\`Q#_Z"_@+N``\`B]A_`ZOQS.Y]0E`
M``````````````````'M&*;B]V+AXY?]2!.=3#O?6[YBWZA"JLPP[?%SFZPT
MX9/1B(UH)1_!T>,A+M2LB39[:4D24E-FD1$6!%^LN"9``"O]4WX?:WGKWNS@
MT+*W?/\`%!<^8Z^JGW+H_'$7UF.!;N[ZB^93/6R)/JJ[AI_SL;WAL1*-NQM?
MC!WW9X3K5#W`W+Q9(YM0K>H_L4KC.![PV+H=_P!TO_*8_/37>ZI_FL3VVQ^B
M"```5;<55N!V[ZM!B7!+@18B(V;:89941FM"C49FM"CQT%X1*M3N?/J5K,R:
ME+5*DE(DM*>6E*362'UH3B22(L<$EM$(I=??`G<51>=?'9U+?@EP\<.\TT-+
M5#W6V_YC-]N./NIQNFN;YF%ZG1FU3?A]K>>O>[.#3L/=O5.*X_//"S`$/U5=
MPT_YV-[PV(E&W8VOQ@[[L\+`O?<7</%LGFE"K?W;9XRI_MI%R53N7,^87[)B
MA)'>U;XK9]A`_0O@%"M[EJO\M1YUX7-;.YJD^9,\VD5A%[L7#QR_ZD"<ZF'>
M^MWS%OU#U;>ZJ\/.X_NK8]V%W$D\:5#WMT(/?!K?%<'G9(6MW;N_C1'ND<)W
M?!HG%<[G8PQ6_NVNS^CYHQ*P,4Q;>YVD^9L^P0N<``]H1>P_@=7XYG<^H2@`
M````````````````%)3;FNY=)JU79N1;&85,4W'3"94A)-+<))8FDS/0@MLQ
M<L%U;T".\L\5K:2H_E,B,5'%[L7#QR_ZD"<ZF'>^MWS%OU"'5'=O='S\;W=`
ME>I9N01Y]-]Z='3KEVT"@S&X54G*:DN-YU+:&''3R,<,3R$G@6)&6GQ#;H5<
MI=?B+ETF2;[+;AM+,VU(-*R(C,C)1$?A+P>$1R]+DK5,K4&E4=$`E/1G9#CD
MQ"UE@E:$D1$DR_Z\<3\0R6-<-8J\^KP*PF#G(26%H7$0M)*)PEZ#)2CVLC_4
M:.J;\/M;SU[W9P:%E;OG^*"Y\QU]5/N71^.(OK,<"W=WU%\RF>MD2?55W#3_
M`)V-[PV(E&W8VOQ@[[L\)UJA[@;EXLD<VH5O4?V*5QG`]X;%T._[I?\`E,?G
MIKO=4_S6)[;8_1!``UW9L-E9MNRF$++;2IPB,OY&8S(6EQ!+0HE)46)&1XD8
MJ>K[O+B_RP^;4)3J6;D$>?3?>G1';K[X$[BJ+SKX[.I;\$N'CAWFFAI:H>ZV
MW_,9OMQQ]U.-TUS?,PO4Z,VJ;\/M;SU[W9P:=A[MZIQ7'YYX2V\*^NWJ:Q*9
M@]F//R6XS;1NDT1J6>&)J,CP(L/$./;]YSZE7X](GT)N%V0PZZAUN:3W[&1B
M1ED%A^V6G^`SZJNX:?\`.QO>&Q$HV[&U^,'?=GA8%[[B[AXMD\TH5;^[;/&5
M/]M(N2J=RYGS"_9,4)([VK?%;/L('Z%\`H5O<M5_EJ/.O"YK9W-4GS)GFTBL
M(O=BX>.7_4@3G4P[WUN^8M^H>K;W57AYW']U;'NPNXDGC2H>]NA![X-;XK@\
M[)"UN[=W\:(]TCA.[X-$XKG<[&&*W]VUV?T?-&)6!BF+;W.TGS-GV"%S@`'M
M"+V'\#J_',[GU"4`````````````````!C\_O[C:Y\E2YUX7I2^Y<3YA'LD*
MGB]V+AXY?]2!.=3#O?6[YBWZA#JCNWNCY^-[N@2O4LW((\^F^].B/W@9EJ@N
M8&9?X.UM'_WW!U]2TS.+<)F>)Z\.\TT.;?F[>E\5R.>9&;4XW37-\S"]3HS:
MIOP^UO/7O=G!H65N^?XH+GS'7U4^Y='XXB^LQP+=W?47S*9ZV1)]57<-/^=C
M>\-B)1MV-K\8.^[/"=:H>X&Y>+)'-J%;U']BE<9P/>&Q=#O^Z7_E,?GIKO=4
M_P`UB>VV/T.6T*W?U29:6IDJ/:SST..M\LZ<YI!K)I2DJ/)/27[!Z!8%/E)G
M4^--0DTID,I=))[9$I)'A_J*7.ETN;7KA?F4V')>UW?3G'HZ%JP(D8%B98X"
MQM2\B+4]MTB(B(H+9$1?((A5]WEQ?Y8?-J$IU+-R"//IOO3HCMU]\"=Q5%YU
M\=G4M^"7#QP[S30TM4/=;;_F,WVXX^ZG&Z:YOF87J=&;5-^'VMYZ][LX-.P]
MV]4XKC\\\.IJI]RZ/QQ%]9C@6[N^HOF4SULB3ZJNX:?\[&]X;$2C;L;7XP=]
MV>%@7ON+N'BV3S2A5O[ML\94_P!M(N2J=RYGS"_9,4)([VK?%;/L('Z%\`H5
MO<M5_EJ/.O"YK9W-4GS)GFTBL(O=BX>.7_4@3G4P[WUN^8M^H>K;W57AYW']
MU;'NPNXDGC2H>]NA![X-;XK@\[)"UN[=W\:(]TCA.[X-$XKG<[&&*W]VUV?T
M?-&)6!BF+;W.TGS-GV"%S@-:HSHM-A/3IKI-1V4Y2UX&>!?(6DQXI-0CU:DP
MZI%RRCRV$/MY98*R5$1EB7@/`QPK$,NPZOQS.Y]0E.)>,@Q+QD&)>,@Q+QD&
M)>,@Q+QD&)>,@Q+QD&)>,@Q+QD&)>,@Q+QD&)>,@Q+QD&)>,@Q+QD&)>,@Q+
MQD(=JE3I\*CP4TZ<]#<DU%B.MYG)RR0HSQ(LHC(MKQ".VI.K+5Y4^%)KU0G1
M9$22M;4HVS(E(-K),LE"3_>,6GB7C(,2\9!B7C(,2\9!B7C(,2\9#X9EXQ0#
M^XRN?)4N=>%Z4LRUKB:?^`CV2%3Q>[%P\<O^I`G.I@9?[/K=T_\`(M^H0ZH[
MM[H^?C>[H$KU+#+8@CSZ;[TZ(]>/?!<XG:Y]P=C4M/\`5+AXX=YIH<V^]V]+
MXKD<\R,VIQNFN;YF%ZG1FU3?A]K>>O>[.#GV5N^?XH+GS'8U4S+6NC\<1?6H
M1^WMWU%\RF?_`*1)]54RV#3]/_%C>\-B)QMV-K\8.^[/"<ZH9EL"N73_`.62
M.;4*XJ/[%*XS@>\-BZ'3+-+T_NF/STWWNH'FL3VVQ^A\2\?A%"M[EJO\M1YU
MX7-;)EL:I.G_`))GFTBL(O=BX>.7_4@3G4P,O]GUNZ?^1;]0A]7W>7%_EA\V
MH2K4L,MB"//IOO3HCMU]\"=Q5$YU\=G4M/\`5+AXX=YIH:.J%NMM_P`QF^VP
M/6IQNFN;YF%ZG1FU3?A]K>>O>[.#3L3=O5.*X_//#J:J9EK71^.(OK4(_;V[
MZB^93/\`](D^JJ9;!I^G_BQO>&Q$XV[&U^,'?=GA8%[F6PNX=/\`Y;)YI0JW
M]VV>,J?[:1<=4,M:YFG_`("_9,4+([VK?%;/L('Z%Q+Q^$4*WN6J_P`M1YUX
M7-;)EL:I.G_DF>;2*PB]V+AXY?\`4@3G4P,O]GUNZ?\`D6_4/5M[JKP\[C^Z
MMCW81EK))T_^:5#WMT(/?!K?%<'G)(6MW;N_C1'ND<)W?!HG%<[G8PQ4#=M=
MG]'S1B5XEXR'PS+QBF;;W.TGS-GV"%S@/+B<IM22VS(R'$H]$=B6?`H#\MQM
MV/";C+?B+-"B-*2(U),RT;7B$0LVU^R(E45LBK[635IJ,&YN21X/*+$^UVSV
MS,2+8>?"BY.7_E#8>?"BY.7_`)0V'GPHN3E_Y0V'GPHN3E_Y0V'GPHN3E_Y0
MV'GPHN3E_P"4-AY\*+DY?^4-AY\*+DY?^4-AY\*+DY?^4-AY\*+DY?\`E#8>
M?"BY.7_E#8>?"BY.7_E#8>?"BY.7_E#8>?"BY.7_`)0V'GPHN3E_Y0V'GPHN
M3E_Y1$+]I=6I*J/'I-W5UEV;)6VMQZ3G<E*6EKT)T:<4D-&SX%>FW+(I-5O*
MM26B@E)0IIW,FE6<-)D>WB6!#IWY;^ML:C2=>ZQ+_P`6C)S<N5G$:35IPP+2
M.=$I^N5YT6-V;,B?JLQ6<B.YM>C,Z,<#T:1.]AY\*+DY?^4-AY\*+DY?^4-A
MY\*+DY?^4-AY\*+DY?\`E#8>?"BY.7_E#8>?"BY.7_E#8@98?^*+DY?^45*3
M>9L:KM9:W,VW44Y;AXJ5@X\6)GX3/PBT*=:)KIT56R:XRQ90>!3\"+M2_P#2
M(/2(_8DZN1L^\_FZN^G.OKREJ_8TF?A,=[4]M@Y=DT.3LAKS&<B(5FV9N2A&
M/@263H(<9,+6^ZKEB]ERI63(CGG93F6X>,=&V8Z^I_;?9]NG+U^K<7+G3/T4
M:7D-IPDN%H+#1M#FUBF:UWR^QKA.FY=):5ES'LXI/Z9PL"/`M`W;%H&N97!(
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MP;0[]\VL<>R[@D;([@=S=/?7FW9N4A6"#/`RR=)"+UMGLB'`8SKC6<J$%&<:
M5DK1C(;TI/P&0L-VT#)M9[*+DVC_`.?_`"BH21EZFL)O*4G*AQ4Y23P,L5ME
MB1^,7#L0/''9/<FW\?\`RBJX;>9M"I-9:W,V503EN'BI6#CQ8F?A,_"+"MZT
MS=M^F.;);A1E1&CR43L"+M"T$63M"'TB/V).KD;/O/YNKOISKZ\I:OV-)GX3
M'>U/;8.79-#D[(:\QG(B%9MF;DH1CX$EDZ"'&5!UNO"X8O9DN7@40\[*<SBS
MQ;5HQPVAU]3^V^S[=.7K]6XN7.F?HHTO(;3A)<+06&C:',J=-UKO>H1^SYLS
M*IL5><F/9Q9?I'RP(\"T:!O6+0-<RN"1KU5X>%6<3FX<K-HT--:<,#TC!=%'
MUJNVB_XI4IN=@R_ALC.Y&"V/V=!88XZ?D(+2HVNMT7`>NM3A9IB&6$*1FB7B
M3O[6@\1[O2AZUU6VG==ZK-RY3Z<B9)SJ4_J[AXD6!8'H&&W:3KK>D]&N50A9
MNF,'C"?S1JQ>=V]!X[0V[\M_6V-1I.O=8E_XM&3FY<K.(TFK3A@6D<Z)3]<K
MSHL;LV9$_59BLY$=S:]&9T8X'HTCJ:H=M'!M.5*U_KDG-O1CS4F9EMJ_3M[9
M8:1R9,/L^Y+;B=E28V74'/TL9S(<3A'>/0?@VA)+OM0V+3KCVR2X7,BGR%9#
MD[%*L&U:#+)TD(=,8[*AV_'SSK.=J$!.<95DK1BM.E)^`Q8%1M$T4Z4K9-<:
ML&5G@<_$C[4__2*LE%E:FB2Q,L:4R6)>#M$;0MW8@>..RBY-OX_^457#;S-H
M5)K+6YFRJ"<MP\5*P<>+$S\)GX185O6F;MOTQS9+<*,J(T>2B=@1=H6@BR=H
M0^D1^Q)U<C9]Y_-U=].=?7E+5^QI,_"8[VI[;!R[)H<G9#7F,Y$0K-LS<E",
M?`DLG00[5CPM;Z[=D7LN5*R9C!YV4YEN'C&;VS'.M6VSGP9TO7ZMQ<NJ3_T4
M:7D-IPE.EH+#1M#?MFFZUWQ78_9\V9E4Z$O.3'LXLOTD@L"/`M&CUC5I]!UT
MN2[7]>:M#R:BVC-PY.;0?ZJP>)E@>G3_`*$,L.CZU:H-+_Q2I3<[2YGPU_.Y
M&#L?]G06&..GY"&!FBZZWS<Z]=JI"S:8:<F%(S1*_1'I/0>)CL;#SX47)R_\
MH;$#(R/91<G+_P`HKJVHV%N4@NR'SPAL[:__`$$+O``/:$7L/X'5^.9W/J$H
M``````````%?ZIOP^UO/7O=G!H65N^?XH+GS'7U4^Y='XXB^LQP+=W?47S*9
MZV1:X#XM24)4M:B2E)8F9G@1$.>Q7**^ZAEBK0775G@E")*%&H_$1$>D=$`,
M?G]_<;7/DJ7.O"]*7W+B?,(]DA4\7NQ</'+_`*D"<ZF'>^MWS%OU"'5'=O='
MS\;W=`E>I9N01Y]-]Z=$?O'O@N<3M<^X.OJ6_!+AXX=YIH<V_-V]+XKD<\R,
MVIQNFN;YF%ZG1FU3?A]K>>O>[.#0LK=\_P`4%SYCKZJ?<NC\<1?68X%N[OJ+
MYE,];(D^JKN&G_.QO>&Q$HV[&U^,'?=GA.M4/<#<O%DCFU"MZC^Q2N,X'O#8
MNAW_`'2_\IC\]-=[JG^:Q/;;'Z'\'\Q0K>Y:K_+4>=>%S6SN:I/F3/-I%81>
M[%P\<O\`J0)SJ8=[ZW?,6_4(A5]WEQ?Y8?-J$IU+-R"//IOO3HCMU]\"=Q5%
MYU\=G4M^"7#QP[S30TM4/=;;_F,WVXX^ZG&Z:YOF87J=&;5-^'VMYZ][LX-.
MP]V]4XKC\\\.IJI]RZ/QQ%]9C@6[N^HOF4SULB3ZJNX:?\[&]X;$2C;L;7XP
M=]V>%@7ON+N'BV3S2A5O[ML\94_VTBY*IW+F?,+]DQ0DCO:M\5L^P@?H7P"A
M6]RU7^6H\Z\+FMG<U2?,F>;2*PB]V+AXY?\`4@3G4P[WUN^8M^H>K;W57AYW
M']U;'NPNXDGC2H>]NA![X-;XK@\[)"UN[=W\:(]TCA.[X-$XKG<[&&*W]VUV
M?T?-&)6!BF+;W.TGS-GV"%S@`'M"+V'\#J_',[GU"4``````````"O\`5-^'
MVMYZ][LX-"RMWS_%!<^8Z^JGW+H_'$7UF.!;N[ZB^93/6R+)K54AT6ER:I/6
MI$6.C+<-"#6>&.&@BTF>)D.%3;ZHM0JD6F-LU-F1)4I#79,!UI*E$DU&64HB
M+'!)G_(;&J'N"N7BR1S:A5[D"`Q-H#K$"(TX56A8+;80E1?I"\)%B+S+:(`,
M?G]_<;7/DJ7.O"]*7W+B?,(]DA4\7NQ</'+_`*D"<ZF'>^MWS%OU"'5'=O='
MS\;W=`E>I9N01Y]-]Z=$?O'O@N<3M<^X.OJ6_!+AXX=YIH<V_-V]+XKD<\R,
MVIQNFN;YF%ZG1FU3?A]K>>O>[.#0LK=\_P`4%SYCKZJ?<NC\<1?68X%N[OJ+
MYE,];(D^JKN&G_.QO>&Q$HV[&U^,'?=GA.M4/<#<O%DCFU"MZC^Q2N,X'O#8
MNAW_`'2_\IC\]-=[JG^:Q/;;'Z'\'\Q0K>Y:K_+4>=>%S6SN:I/F3/-I%81>
M[%P\<O\`J0)SJ8=[ZW?,6_4(A5]WEQ?Y8?-J$IU+-R"//IOO3HCMU]\"=Q5%
MYU\=G4M^"7#QP[S30TM4/=;;_F,WVXX^ZG&Z:YOF87J=&;5-^'VMYZ][LX-.
MP]V]4XKC\\\.IJI]RZ/QQ%]9C@6[N^HOF4SULB3ZJNX:?\[&]X;$2C;L;7XP
M=]V>%@7ON+N'BV3S2A5O[ML\94_VTBY*IW+F?,+]DQ0DCO:M\5L^P@?H7P"A
M6]RU7^6H\Z\+FMG<U2?,F>;2*PB]V+AXY?\`4@3G4P[WUN^8M^H>K;W57AYW
M']U;'NPNXDGC2H>]NA![X-;XK@\[)"UN[=W\:(]TCA.[X-$XKG<[&&*W]VUV
M?T?-&/=VO5!54MZF0:G(IZ9TEU#SL=#:EFE+"UD19:5$6E)>`:])55(%YN4B
M37)E2BJII22*4VR1H7G<G0;:$Z,/'B(1;>YVD^9L^P0N<``]H1>P_@=7XYG<
M^H2@````````!&+KNLK?F083=*E3Y$MMUQ*67&T$E*#01F9K47A66T/=I70F
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MJF_#[6\]>]V<&A96[Y_B@N?,=?53[ET?CB+ZS'`MW=]1?,IGK9$GU5=PT_YV
M-[PV(E&W8VOQ@[[L\)UJA[@;EXLD<VH5O4?V*5QG`]X;%T._[I?^4Q^>FN]U
M3_-8GMMC]#^#^8H5O<M5_EJ/.O"YK9W-4GS)GFTBL(O=BX>.7_4@3G4P[WUN
M^8M^H1"K[O+B_P`L/FU"4ZEFY!'GTWWIT1VZ^^!.XJB\Z^.SJ6_!+AXX=YIH
M:6J'NMM_S&;[<<?=3C=-<WS,+U.C-JF_#[6\]>]V<&G8>[>J<5Q^>>'4U4^Y
M='XXB^LQP+=W?47S*9ZV1)]57<-/^=C>\-B)1MV-K\8.^[/"P+WW%W#Q;)YI
M0JW]VV>,J?[:1<E4[ES/F%^R8H21WM6^*V?80/T+X!0K>Y:K_+4>=>%S6SN:
MI/F3/-I%81>[%P\<O^I`G.IAWOK=\Q;]0]6WNJO#SN/[JV/=A=Q)/&E0][="
M#WP:WQ7!YV2%K=V[OXT1[I'"=WP:)Q7.YV,,5O[MKL_H^:,>KDW56?YW(]U<
M'D^^9_\`9?\`^0(';>YVD^9L^P0N<!P[LJ<JF4QI4$F^RY,IB(TITC4AM3KB
M499D1EC@1F>&)8X8#7H->RJ34)%:DQF3IDIZ-(E&>;;42#T+P,^UQ(RQ+';Q
M$'B7Y1:):]>E0JM29$_7:4IB.N6GMR7)P)6!'B:<%96)>`@I6JDLZY3XM4J=
ML=@R'5MNO1I:\6B)M2B4>5HP,TD7\R$LAZH=IR)U0C.5ZE,MQ7$(;>5-;R7R
M4@E&:=.T1F:3V])#=V;V;PJHW+6^D:4?5#M-VJ382Z]2FVH[;2T2%36\ETUY
M6)%IVTY)8_YB&[LWLWA51N6M](TE:H=IE66J>5>I1LKC+?.5V:WD)42TI)!Z
M=L\HSV]I)C=V;V;PJHW+6^D:,O5$M1BHP(C==I;K4G.Y;Z9S>2SD)Q+*T^':
M(0^9JJ/KJD]F!4+71#8DJ995)EKRG$D1=OVNC`\3PP\0[U,U3Z`]1J!+F5*E
MMRZ@I")+*9B"[%,T*4:E$9XD1&DBTX?M$./6=5(T5R=$I-3MDX,<VTMO29:L
M734@E&99&C`C/#Y2'3I6JC1G+;CU"HU*DIJ"I91W(S,Q)9*3?S><(E:<G)[?
M26T-.Y=4]F-6S@T.JVX[%1&0ZJ1)EF9*6I2R-*<C1H))&?\`F(9:-JITU5!K
M4VKU"B]FP%KS,>++P[*2325ED9>DS,S-.T>DAS+XNFVY=S4*1'K]-=:;A2TK
M6B4A1(4I3!D1F1Z#/`_H,>+,N^W:9,NR:[6:<?:L.,H.4A)O&E@\23B>D\2P
MT>$9+VO"W*IL3ELUJG8YY;KS92D*-G*C+T*P/1I41:?",-H7-;C%[/27J]36
MV#I:6R<7*0E.5GS/#$SV\-.`S7??%O5VVJ'*158#+QU5AQR.<M"EMI2M9&9E
MMD6!8XX>$AHT*Y;=:O:D27*[3D,-Q):5N*DH)*3/-8$9X[9X'A\ACK7M?-N5
MJQ*^RU5Z>B0EU;#;/9:%+=)#Q$2TD1XF2B+$OX#BL7);Q79;KYUVG$RU.=6X
MOLE.2A)QWB(S/'06)D7\R$ENV^[9J=IWC`:K--)UJ*]'8PEH,Y64P2B-!8Z=
M*S3HQTI,0^3<-`5(HAIK5/,FZI#6LRD)[5*7",S/3H(O"8LMO5#M1ZH3X*J[
M2T-L,MK1(.:WDO&LEXI3IVTY)8_YB%'=F6N5@M-D]2"J!0&RP(F\[EX)Q\&.
M5_J+T5JA6H59:IQ5ZE&RN.MXY79S>0E1+2DD'IVSRC/;VDF*=>KM%.TZRP57
MA9YPJAD-Y].4K*<=-.!8Z<2,L/'B0M=C5!M:+K-`*MTMQ,AE1./%-;R6#0V1
MEE:?">@MK2(!'N*@)JU=6JMT\DN59]Q"NR$X*29(P41XZ2T'I$ELN^K;I-EV
ME"=J].4\ZAJ,\@Y:$JC=HHS4LC/01&DBTX?M$.#/N2WE7A<<A-<IQLO/1S;<
M*2DTK(F$$>!XZ<#T#L6??-N42QR6Y5J>[)34'_U;LM"5FER8HB5AMX$E>5M;
M1#1NNYK<?OA<EFO4UQC6IIO.(DH4G*)YPS3B1X8X&1X?Q&>T;WMZA4&YYBZK
M`=>3477V8Q2D)6^G-M$63X\3(].'@,>;TN>VY%X4Z0Q7Z8ZRBFOH4XB4A224
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ML/X8']`NC_:':FO6MNOM*S/8^?[*[.;R,K+R<C;V_#M[0J-NO4,K<JC)UB"3
MJSGY*,^G%64XZ:<"Q\)&6'CQ(652;_MB%!MRG*K5,5GHA)==[-;(HYH:2>"B
MQT&9Z-.&DA"(]Q4!-6KJU5NGDERK/N(5V0G!23)&"B/'26@](DMEWU;=)LNT
MH3M7IRGG4-1GD'+0E4;M%&:ED9Z"(TD6G#]HAPZI<EO+O2O24UVG*8=3$R'"
MDH-*L&U8X'CIPQTCKV9?-N46S&2<J]/7(.IO(-CLM"5I0Y,46<PQQR22K+^0
MASKFN:W'KXF26J]37&%4V,@G$R4&DU$X\9EB1[9$9:/XD-FT;WMZA4&YYBZK
M`=>3477V8Q2D)6^G-M$63X\3(].'@,?;ZNBVI-T41Z/7Z8ZTU#EI6MN4A24F
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MLM;JU*-2E*/PF9G_`/TAYK-0@4>`J;+09H)24)0TWEK<6HR2E"4EI-1F9$1#
M5IE>I-2[$3'2LG))NI)IQG(6VMO`EH6D]*5$9EH__`[.:;WM/U2#--[VCZI#
MXM#*$FI2$DDBQ/M1$F+^LV3)AQXU2;>5+6;;*FV%FE1_+DX;>CY1+LTWO:?J
MD&:;WM'U2#--[VGZ"$=GW31XBU-(C3);J7UL9N)$4ZI1H(C<,B(M*4XD1F6T
MKM=)Z!W(;L.;$9F13;=COH)QM:4Z%),L2,9LTWO:?H(,TWO:?H(<"MW/1*+,
M*'+2^I\TI/)CQ%ND1J/!"#-*3(E+,C))'I/`="C3X57A%+C-+1@I2%M/-9#C
M2TG@:5)/:,O_`)+$C&_FF][3]!!FF][3]!#FUFJ4^D--*DMN../*-+3$:.IY
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M1$6E*<2(S+:5VND]`[D-V'-B,S(IMNQWT$XVM*="DF6)&,V:;WM/T$&:;WM/
MT$.!6[GHE%F%#EI?4^:4JR8\1;I$:CP0@S2DR)2S(R21Z3P'0HT^%5X12XS2
MT8*4VMIYK(<:6D\#2I)[1E_\EB1C?S3>]I^@@S3>]I^@AS*S5:=1TM=D-/.O
M/&9-,1HZGG7,-)F2$D9X%B6)[18EXR'FBUBFU@WVX[,AE]C)-UB7%6PXDE8Y
M)Y*R(S(\#P,M&@_$.KFF][3]!!FF][3]!#2K$Z!2*>[/F)P:;R2P;;RU+4HR
M2E*4D6)J-1D1%XS&C3;@I-1**EE#B'9#KC.9=9R%M.(3E*0M)_LF1?3B1EH,
MC';S3>]I^J09IO>T_00\.DPRTMUQ*"0A)J4>3M$6V(M$ORSYLR#$AU%#[DTS
M)A3;"S2H]'[V3AX1+,TWO:?JD&:;WM/T$&:;WM/T$(Y.NNC1#R41YDM1.N-9
M,2&MT\&\,XLL"TH29DDS+'MM!8F6`[T9<65':DQ\VXR\@EMK218*298D9?R&
M7--[VGZ"#--[VGZ"'`K=ST2BS"ARTOJ?-*3R8\1;I$:CP0@S2DR)2S(R21Z3
MP'0HT^%5X12XS2T8*4VMIYK(<:6D\#2I)[1E_P#)8D8W\TWO:?H(,TWO:?H(
M<RLU6G4=+79#3SKSQF33$:.IYUS#29DA)&>!8EB>T6)>,AYHM8IM8-]N.S(9
M?8R3=8EQ5L.))6.2>2LB,R/`\#+1H/Q#JYIO>T_009IO>T_00T*S4(%'@*FR
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M)'I/`="C3X57A%+C-+1@I2%M/-9#C2TG@:5)/:,O_DL2,;^:;WM'U2#--[VG
MZ"'-K-4IU(::5);<<<>4:6F(\=3SKAD6)Y*$D9G@6DSVB\(Q46M4VKN/,,,2
M&)+))4XQ+B+8<))XD2B2LBQ(\#TEB6@=DDD18$1#Z``(OJ@-K?H;41IEMQZ1
M,CMMFMU;1MJ-PC):5H[9"B,L2,B/`_`9:!HT2/3G;H1,?@5>!64QU$XT]E*C
MO'DH2;A+3BVI>"4EB1DHR(L2T:)L`P3GCCPY$A)$9M-J61'X<",Q7]'6TBHT
MJN5BDS8<J0@G"<IV6_!><=0DLM2"(S;7@>!F9$7C4K#18X`*G>IZ'JG-K,R)
M6F(29LI"7:'+=/)P<-"S<9+MB-61B9MXD9Z3))Z19M*;B,TR(U`;S<-#*$LH
MP,LE&2626!Z2T8;>GQC;`5O<T$ZC=,]:Z;-?BQ6(^=.FS5LR#7VZD.9&))<-
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MO1[D9<N=BJM+HK;R5()<*'/6X4HY"DDHVFS(B)U&!9>!:3V\G;*[@`47<<N(
MJ[I+;-1B45SLF0G*<K+S!-*(BRU.MEAD9[`C2:5%CAE=LH7!;*V7;=I3D:(<
M1A41HVXYF9YI.26"=.G1_$=0!46J;+A,W$2'<Q%7F8Y*<=JCL0W%&M1-O$E!
M8+2R9&HU>#'P8$)EJ=+:7;Z\VM#ZDRG4N3&WE.HEK)6EU*U:3(]KPD6!D6@A
M*P$%U2%HRJ6RAYB%,6;IL5"1/7#0SDI(U(RTEBHU%AVIZ,$F?[I##J7R3DHE
MKDI4[/<8CO.2CF+DF:%DHT-F:R+(-.E626@R6E7[PL`!'+^5&3:TSLME+C1J
M:(E*D&PEI1N))+IN%I02%8*RBVLD0NUGU2KTC2)IPI$A*G8R7Z;.6XAY3;*<
M77$*+!6"5$@W",C)6"3QT86N`PS'CC1'Y!-+=-IM2\VV6*E8%C@7\3%/4NM&
MBZXM90U2'&7D(4J/3:@XX252%I1^QDY)O=KB9%DY1)6>VD7.`"CZZI#E?>DP
MY$2&T4F8T[#U]>8<0224IU:TI(R:0O-D9F6@C4A6VK$7%15,KH\!4:*J*P<=
MLVV%E@II.26"3+P&1:/Y#>`5-JF+9.LR,R4>/)8C,.J)ZINQERSRU9O--M_M
MK0K'`\?VE$6&UA,K`4T=#<2AM1.HE/(?>[(.04ATE8*<)PR(U$>&&T6&!I\`
MDX""ZI3K#>M2%/M0)*W'"9J;\U<1N/H+%!K3MFO1@@]!Y)GMI(>=3AY"Y-5;
M5*CU*2@FLNI1YZY:'"/+P:RE%VIITGDEB7;D>V8G@",:H:XK=KR%2F<I&<:R
M7<^I@HR\LLEY3B2,T$@\%&HBT8>(16UGF9%[QY"IM*J$EV,X:W*/4%/(09)0
MG./-GB1*424I)9&1G@1&1[96B`\.KS;2W,A2\E)GDH+$S_@7\13D:MLJK,.Y
M&)%!-QQW31XE27V0:W,$'BR98&^1;>"4XX&1GH(Q<P`*6KYPW+BJ,EBL4VB+
MB2'4KBRJX]$=<,\,MS(27:)<P(R-...A7[6U:]N*97;],5'A*A,G%:-$96.+
M*<DL$'CIT;0Z0"K-4!,*1<O8RID&E/E&;=4].JCL-,DR4HT&A*#(EJ;/$\HS
MT&HM!Z!*=3IQIVWC6V@E*.0Z3DE,E4A$I9*TNI=,B-:3\!X8%A@6@B$J`1*_
MRCIB0'7*;5Y+W926V'J4\EIYA:^U+ME+3VJL2(\<2VL2\(]69"-AR9(D4RM,
M2EDA)R*M*;?6XDL3)*30M1)21F9X8%B9^$2L``!P[O34CHCATLGS>)QLU]C$
M@WLWE%EYO+[7+R<<,?Y:<!&[-C7*S5$NO/5E=+>-Y1HJ[C:EH;+))O07;)6:
MLO1M9&&."A8`#P^3ALN$UD9PTGDY?[..&C'^`JNGQKS5+;DL.W&B2TAM#[<Y
M;!1E/FLLK)26@V21EXFG27:9.G$6N`"L:I%N9^O/)2[<K)MR77<8*V413C$E
M1H)&5^TZ9Y)8*VU&K'M<#%A4CL_6N'KID=GYE'9&;_9SF!96'\,<1N`*^O>/
M<3]46S`56FT.LMIA+IBFT-$[E'E]D*/MB3AD[6C#'#MA*+6356Z8INJK>6M+
MSB652,G/*9)7:&YD=KE8>+P88Z<1V0$6ODJF<:'V*53.#G#[+*EI0<G#)[0T
MY7@RMO#MMKP8C5L&)<4(GFJNJ4MA3+;F,Q;:G,\9J-1$:"TEDY&../;9629D
M)F`X]U%4CH<DJ43QR<48DP2#=-O*+.$C+[7+R,K#'1C@(I:$.OL5A$K*K1TY
M]QTE)JRFC6EDD)R-!%E)7G,K`MK((S5@>`L,!AF=D'$?[$-!2<VK-9S]G+P[
M7'^&.`JZE0[L54F)K!W`3C2F4O(J1L$T;IK_`$QI2DO]WD$KMD:<33DX]L+7
M`!6%8A7',KSR5*N)!HD..&<0V$Q5122HVR1E$>4[CDE@O][*QP3@8L.D=GZU
MP]=,CL_,H[(S?[.<P+*P_ACB-P!7U]1[AE5-3$(ZREMQE"8*Z<;:6DNFH\YV
M0I7;$G#)VM&&.';"36HW4V:4;-3SAFV\XE@WB03ILDKM#7D=KE8>+P88Z<1V
MP$/U0&)TAB&TAFI/4PU+[*13&VUOY6!9LR)PC[7'*QPTXY/@Q'JQ(MPPV7F*
MTY*<03+*B5+6VM>>-)FX1*1MI+M"[;3E$HB[7`2X!Q[K*HJH4DJ6EU4@\G*)
MDD&X;>46<)!+[7+R,K#*T8X")67`KD.I,K:UX12'''2S-3S1&VR2$Y':I+*0
MLW#5@1:#01FKML!8H##,[(.(_P!B&@I.;5FLY^SEX=KC_#'`591:?=**DB9#
M37FG,MGLEN?V.AEQXU_IE9*2THR"/MDZ<33DX]L+9`!5=2IUQ2*_)?2FX6IJ
M''U..Q2CICN1R)1L);-1=NK'-XI7_P"O'`LD673NR^P(O9^;[,S2,_F_V<Y@
M65A_#'$;("N[\A5R;5DHBMU4RS2-;G:>326VGC49.&\M1922PR=)>#'#MA*K
M515&J6;54-U2D/.)84_D9U3)*[0UY':Y6'B\&&.G$=H!"M4B:[!BP''I3[%*
M6Z;<GL60RR^M1D6;))NF233B2L2(\K:PT$8RV,4]M^H1WE5%$)"6E,,5-QE4
ME!F:\I7Z,SP0>!891XXDKP"8`(_>\B9$MR5)AODP;>2IYPG$-K)K*++R%.=H
M2\G'`U:,1&++=D+J\-VGO5=%*DLK6LJJ_'6E_`BR39S9FHS+'2>.3A_$6.`\
M/9S-+S63G,D\G+VL?!C_``%/4R=4):NRX<RL*K##Z6IDI<R&NGH<RB)9*R3Q
M)!Z2(B(E[1:#Q%R$`"J:K)DR+FJ<&0]7GZG'6:V&Z/*B9#3)_P"[,T+42DGI
M+*-9&6)XEH,A8]"<E.T6GNS7F7I2X[:G763(T+6:2Q4DRT&1GM8#?`5S?$MQ
M-R1J?.?J2HTADCA1Z5(CH=6X1JRS6AQ1*5HR<,G$MO'2)+92Z@JC&FH/..+0
M^XALGUMJ?0V1]JETV^URR\.'\,=.(D("':HTZ13J?#DJF/Q:;G\B6J+(:8D'
MB1Y!(4Z9)PRMLB,E8;7A(?+)74NSIS3[M4*#FFUM,U=YIR22C-1&HLV9GFS(
MB(LH]LCPT"9```./=<!FIV[4(CSLAI*F5*)R.ZIIQ"B+$C)23Q(R,OD\>(Q4
M6VJ129"9<)N43QMY!F[->=+`\,>U6LR\&W@.Z`^+22DFD]HRP,0VA691&"-X
MSJ+KK4MU2%NU*0K#)=/)+#+P,B+`M);1:<1,P`0U=H4>;7ZM(E*J+ANFVO(*
MH/H0@S(\K))*RPQPQP]0ET=I$=AMAHC)MM)(3E*-1X$6!:3TG\IC(`BU=MNF
MU:XH<F8J:?ZLZA3;4UUI"L#0:3-*%%I+%6G^)XXZ,.[2Z?%I<-$.&EQ+*#,R
M)QY;IZ3Q/MEF9_ZC<`1^[Z/%K$2&W*<E-DW+:41QY"V341K(E),TF6)&1F1E
M]&!C;HM#IM&SVMZ)"<]AEYV4Z]M8X89:CPVSVAU0'+N6"U4:#4(;SC[:'&5=
MNPZIM:#(L2-*BTD9&1&-&@6Q2*8MB;%3+[(S1%E.S7G2/$BQ[52S3_H)$`\N
M(2ZVIM>)I41I/`\-!_Q$.MVS:+&:9D951>D,R'%(<>J+ZC[5U621EEX&1$1%
MI+:+3B)F`"&KM"CS:_5I$I51<-TVUY!5!]"$&9'E9))66&.&.'J$NCM(CL-L
M-$9-MI)"<I1J/`BP+2>D_E,9`$6KMMTVK7%#DS%33_5G4*;:FNM(5@:#29I0
MHM)8JT_Q/''1AW:73XM+AHAPTN)909F1./+=/2>)]LLS/_4;@".W?18E8;IR
M93LM!-2T'^KR5LY9&>!I5DF6)'__`(-ZB42G49#R:>A]).F1KSLEU[:VL,M1
MX;?@'4`<NY8+51H-0AO./MH<95V[#JFUH,BQ(TJ+21D9$8T:!;%(IBV)L5,O
MLC-$64[->=(\2+'M5+-/^@D0#RXA+K:FUXFE1&D\#PT'_$0ZW;-HL9IF1E5%
MZ0S(<4AQZHOJ/M759)&67@9$1$6DMHM.(F8`(8FSZ-+K-7?E*J+ANNI62-<7
MT);-2"RB225E@1GB>'C/1@)@TVEII#2,<E"226)F9X%_$])CV`BU=MNFU:XH
M<F8J:?ZLZA3;4UUI"L#0:3-*%%I+%6G^)XXZ,.[2Z?%I<-$.&EQ+*#,R)QY;
MIZ3Q/MEF9_ZC<`075%442HVK4";;=6NI%3UM/();:FI!9+F)>/!)8'_$\<2/
M`:>ILXXBY[NI)N*7'I*HT*,I>E>:(G%))1^'#+P(]O`BQQ/2=C`(AJI&;-D5
M*>C#/4\D36B41&DW&EI6DE$>VG$BQ+U"-4=U3&J=3(#))1$ETMVJFT1=JT\Y
MD$YD>)*C+*,M/;&9^$6H`\/MI=96THS)*TFDS(\#P/0*".4XQ:5$ELDAMU%6
M1;[F2DB)^*V^1-FLBVUIR,246'[2M&D?H`@`4Q6GETYV_%Q<E+]`?158;QI+
M+SCZ#-U"S_>;,M&&WAAIT$96=9VY&A<7Q^;2.R`K:YHK,C5"12'2Q8K-)4IY
M?_$97'7BTMI7[JB-PS\.DB/QX[^I#4)%6M$ZE+-)R)$Z2IPTE@1GG3+'#^0G
M0"#:ICAP3MRK-H0X\U5&HQ-NI)3:D/XMKQ+QY)Z#]9&9#0U/E*8O6ZZ*E:E1
;*2U%C1,L\5(:,W5D@S\))RLDOX$1:=L60/_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>g971671.jpg
<DESCRIPTION>G971671.JPG
<TEXT>
begin 644 g971671.jpg
M_]C_X``02D9)1@`!`0$!L`&P``#__@!"1$E32S$S-#I;,#9.64,U+C`V3EE#
M-#4V-2Y/5510551=-#4V-5]!1E)!7TU/1%]$3T)?2%5,3%],24Y%+D504__;
M`$,`!P4&!@8%!P8&!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@
M&1HE,B4H+"TO,"\=(S0X-"XW*BXO+O_```L(`98"KP$!$0#_Q``<``$``@,!
M`0$`````````````!@<$!0@#`0+_Q`!?$```!0("`@L)"P<*!`4#!0```0(#
M!`41!A(6(0<3%!4B,4%6DY72"%%456%QE-'3(R8R4V:!D:.DU.,U0G6AL;3B
M)#,V4F)R@[/!PH*2HK(7)31#PS=C<T179.'P_]H`"`$!```_`+2K+$N!-Q"[
M'J]3/<='.6RA<HS0EU6WE>W>X";%R6'U_%59BNE37SI+<O;23NI]:VV"3N<G
M3(]=\US,N,M1&=M5A^F,=[;`:DJCQ69#CV4H[T@D&E.XMT7-1\17U9C*Q%K&
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M41*G)2DJ-1)0O*<?*?+G0I1G_<,2\```````````````````````````````
M`````````````:#$-9CTJ;2XKM-=D'5)"89NI061LCO\-1_/8N6YC13<64K/
M+74J(1TE*Y1-R%)2X;SD5)FY[F9:O@+))W.^0^*Y7VM`F1JM/FE/H3$*K,-M
M*=(\KIFVXD\G#RD9ZB4DRY#(^,K&>W11Z0AAN.BEPTLM*-3;91TDE!F5C,BM
M8CL,A$2(AM+:(S24)XDDV1$6K+Q6[VKS#&WEHVUMM;TPMK;7MB$[F19*K6S$
M5M1VU7&5)C191(*3':>)"B6@G&R5E47$97XC\H]$(;1FR().8\RK)M<^^8QV
M:?3V$J2S!CMI4X3IDAE)$:RXE:BX_*/A4VG$X^X4",2Y!6>5M*;N?WCMK^<?
M9<"!-4VN9"CR%-_`-UI*S3YKEJXAZ*BQ5R4REQFE2$I-"73;(UDD^,B/CMY!
MY.TZG/$A+L",X2#NDE,I/*=LMRN6K45O,/CU+IC\=$9^G176$*):6UL)4E*B
M*Q&1&5KVU#RG4>GSY<63,CH>.,A:&VW$$I'"-)F=C+C+(5OG&0J#!5)5*5#8
M.0I&UJ=-HLYI_JF=KV\@_<B+%DL''DQFGF#M[FXV2DZN+496'DJFTY3#,=4"
M,;+)YFFS93E;/OI*UB^8>-+H\&F/3'XJ%$Y*6E2S/B)*4DE"$D16)*2*Q$7E
M&ROY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY
M_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H"_
MG^@+^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+
M^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+^?Z`
MOY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H"_G^@+^?Z`OY_H
M"_G^@+^?Z`OY_H&KK=)353I^9\VMQS&Y963?,:+\'R7OQB.2,"IENR(\FI*5
M2E'-6S'0UE<;7)2HG#-=S(R+.O*64OA:S.PVM%P\]&74Y%6FHG2:@VVPZ;;1
MLHVI"32DB+,9W/,HS._&>JUA&</X,PY)JN)6'Z>I;<6H(:82<AWW-&YF56+A
M?UE*/YQOM`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK
M[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O
M:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`
M,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGX
MJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0
M[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#
M0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)
M^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^
MT.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V
M@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#
M"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*
MOM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.
M]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T
M`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?
MBK[0[V@T`PGXJ^T.]H-`,)^*OM#O:#0#"?BK[0[V@T`PGXJ^T.]H-`,)^*OM
M#O:#0#"?BK[0[V@T`PGXJ^T.]H:#&^#<.4_#$Z7#@*9?1DRK3(=N5W$D?YW>
M,Q9(`(SA;\MXO_2B/W2.),``````````````````````````````````````
M```````````````",;(W]#JC_A_YJ!)P`1G"WY;Q?^E$?ND<28``````````
M```````````````````````````````````````````$8V1OZ'5'_#_S4"3C
M%:J$!Z4_$9FQW)+!7=90ZDUME_:21W+YQ^H4V'/CE(@RF)+!F9$XRX2TF9<>
MLM0T.%ORWB_]*(_=(XDP````````````````````````````````````````
M`````````````(QLC?T.J/\`A_YJ!)Q2TZ@5M\IM+IS$A2(D.J-W<B*9<=VY
M1&E*G;FETU'<R-/)K5E/4)OA5M]<[$E0IT-<2')4R4-N2PM@C6ADDJ4:#(E$
M5\J;VUY3MR#38<TWWWQ1M.\&V;XHV[/MULVYF?@VY+9>/EN)![__`)-_7A[_
M`/Y-_7A[_P#Y-_7A[_\`Y-_7A[__`)-_7A[_`/Y-_7A[_P#Y-_7A[_\`Y-_7
MA[__`)-_7A[_`/Y-_7A[_P#Y-_7A[_\`Y-_7A[__`)-_7A[_`/Y-_7A[_P#Y
M-_7A[_\`Y-_7A[__`)-_7A[_`/Y-_7A[_P#Y-_7A[_\`Y-_7A[__`)-_7A[_
M`/Y-_7A[_P#Y-_7A[_\`Y-_7A[__`)-_7A[_`/Y-_7A[_P#Y-_7A[_\`Y-_7
MA[__`)-_7A[_`/Y-_7A[_P#Y-_7A[_\`Y-_7A[__`)-_7A[_`/Y-_7A[_P#Y
M-_7A[_\`Y-_7A[__`)-_7A[_`/Y-_7A[_P#Y-_7A[_\`Y-_7A[__`)-_7A[_
M`/Y-_7A[_P#Y-_7A[_\`Y-_7A[__`)-_7A[_`/Y-_7A[_P#Y-_7A[_\`Y-_7
MA[__`)-_7A[_`/Y-_7A[_P#Y-_7A[_\`Y-_7A[__`)-_7A[_`/Y-_7A[_P#Y
M-_7A[_\`Y-_7A[__`)-_7A[_`/Y-_7A[_P#Y-_7A[_\`Y-_7A[__`)-_7A[_
M`/Y-_7A[_P#Y-_7A[_\`Y-_7A[__`)-_7A[_`/Y-_7CPFR<=PX<B8\>'":8;
M4ZL_=^))&9_L%8;`V(L=X@H]8<1484U3<PEFJIN.K6C.F^5.7B3JXO.+6]__
M`,F_KP]__P`F_KP]_P#\F_KP]_\`\F_KP]__`,F_KP]__P`F_KP]_P#\F_KP
M]_\`\F_KP]__`,F_KP]__P`F_KP]_P#\F_KP]_\`\F_KP]__`,F_KQ'L=Z;:
M*S]U[P;39O-M6W9OYQ-K7U<8LP`$9PM^6\7_`*41^Z1Q)@``````````````
M`````````````````````````````0[9;GG3=C7$LHE&D]Q+:(RY#7P"_P"X
M5%W)3UV<4Q]6I499:]?$X7^@Z.````````$8V1OZ'5'_``_\U`DX`(SA;\MX
MO_2B/W2.),```````````````````````````````````````````"H.Z9G[
MDV,UQB58YLQEFQ<I%=?^PA&.Y]I^\6/\9T+:\NT-,E8SUEE,_P!N8=#`````
M```",;(W]#JC_A_YJ!)P`1G"WY;Q?^E$?ND<28``````````````````````
M`````````````````````%%=T/>I5W`6&DD:BFU',M/DS(07_<H?K`Q;E[H_
M&\<T6VV&3A7/O[2K]>87F````````(QLC?T.J/\`A_YJ!)Q4$G&6(8>^,\W5
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M_;=*_P#TB]+!8+!8+!8+!8+!8+!8+"+[(W]#JC_A_P":@2@`$9PM^6\7_I1'
M[I'$F```````````````````````````````````````````!1F.'35W2."&
MK%9$(S(_/M_J#'Y%'[H;`4K(9[9&VJ_(>MTOU9A>9<1````````",;(W]#JC
M_A_YJ!)P`1G"WY;Q?^E$?ND<28``````````````````````````````````
M`````````%&XE6AWNG<*-Y;FW3%7N7+D?,?-F0MS[+.QE,R*/-,VHSY/YUOM
M"\R````````$8V1OZ'5'_#_S4"3B+S\7,TR:Y'JE+FQ6FX[TE4@U-+0337&L
MR2LU$1W(B*US,[=\;*AUIJK;I:.+(ARXJDI?C223G1F22DGP3,C(R/D/OD>L
MC&OPM^6\7_I1'[I'$F``````````````````````````````````````````
M`!1M5)MWNHJ+KN;5*4>H^(]K=_T,?GNAR)FO['D^RSVFJ&6K^^T?T\$7F1CZ
M```````",;(W]#JC_A_YJ!)Q%JEAARIQ\3MRI9$[5FR88<2F^YVDMV0FQ\?#
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MH-#8OCO$?7#_`&@T-B^.\1]</]H-#8OCO$?7#_:#0V+X[Q'UP_V@T-B^.\1]
M</\`:#0V+X[Q'UP_V@T-B^.\1]</]H1W'F%(T;"D]Y-7KSAI)NR7:H\M/\XG
MC(U6%E``C.%ORWB_]*(_=(XDP```````````````````````````````````
M````````*+B)<<[J2<97-+=+(SU\1;4@OVG^L9G=2-Y]CN*YF,C;J;2B\MT.
M$+<I+I/TN$^1F9.,(61GQG=)&,P``:+&]=+#6$JO73)*E0XRG&TJXE+XD$?D
M-1D0KW83V5%8R0[1Z[M+-=9(W$9$Y$R6^.Z2Y%%REWK&7+:WP```1C9&_H=4
M?\/_`#4"3@`C.%ORWB_]*(_=(XDP````````````````````````````````
M````````TS>):(YB5W#")[9UAI@I"XUCN2#MKO:W*1VO>QC<@`"BZ(XISNHL
M0$JUD4PDEYMK9]8WG=)M;9L6S5W+W*2PK_KM_J)[@I[=&#Z#(S9MLI\=>;OW
M;2-V``*5[IBI.Z,4G#,37+K,Y""07YR46U?\ZD"/;,%"@X0K&QS5Z:C<[\1]
MJ$\\V>3;$-Y,M_+;.5^\=C'19````C&R-_0ZH_X?^:@2<?,R3,RN5RXR`E$H
MKI,C+OD(UA;\MXO_`$HC]TCB3```````````````````````````````````
M`````'Q#FO#52W5W4M47=/#4_%*Y_%LD6K_D'2@`!BC<(N[;W3.,3RVRTXD_
M04<A*]GYG;MB:OD24F:"97KY+/(&[V+'MOV.,,.&:3/>UA/!\B"+_02P``41
MBQ)5SND<+TR0K^34V)NE*;?GD2W/VDCZ!E=U&R98)I<Y%\\:IH,C*VJZ%_ZD
M0N:$^F3#8D),C2ZVE9&1WU&1'_J/<``!&-D;^AU1_P`/_-0).8HQ>^B4UM$9
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MV8W\04/K9W[N&[,;^(*'UL[]W#=F-2UG0:&1<O\`YLY]W')FQQ5I[^S3#J\9
MF.[,ESY"B;=>4ELU.$NY9R2HR^%J/*?(.LRF8VM^0*'UL[]W#=F-_$%#ZV=^
M[ANS&_B"A];._=P.9C:Q_P#D%#ZV=^[BG<%/UQ>SSC23%IE-=J!1B0ZTN<M+
M:"NT1Y5[49JXBXTEZYGLKN8LE;'.(FIU$I+<;<AK6MFIN+6DDF2KDDV4D=K<
M5R'GL13L5JV-\/[@HU)>C)CFE#CU2<;6HB6HKFDF5$7%WS$SW9C?Q!0^MG?N
MX;LQOX@H?6SOW<-V8W\04/K9W[N&[,;^(*'UL[]W%.)DUYWNCEN;U4[?-BF6
MVDYJ]J(MJ+A$YM5[V5Q9?G&ZV?"Q/,V-9ZJG2*7'C,/,NJ<CU!;JRX9)U)4R
MDC^%W_I$NP95,7R\(T.3%HM'=9<@,&AQRJ.)4HLA:S(F#(C\ES&[W9C?Q!0^
MMG?NX;LQOX@H?6SOW<-V8W\04/K9W[N&[,;^(*'UL[]W#=F-_$%#ZV=^[B/8
M\E8N5A2H%*HM';:LW=3=3<6HO=$<AL%?Z2%C@`C.%ORWB_\`2B/W2.),````
M```````````````````````````````````#4XKF[W88K%0S9=S0GG;_`-U!
MF.1\#0TTRI;%M5S$E4^J/$9Y;G8G4-^L=G%Q``'Q&*-V-&R5L\;(;U]:4DBW
MG6GLBR]DEG=&Q]B9JRCO3)%B3QF9-F?^@C/<\.[9L3T4K6VM;Z>/C]V6?^HL
MT``4;0MM>[J#$9VNEFEI+S%D8_U,3G9HC;JV+L2M?U8AN?\`(I*O]H_.PG)W
M5L68;=S7RQC:X[_`6I/^@G8``",;(W]#JC_A_P":@2<`$9PM^6\7_I1'[I'$
MF````````````````````````````````````%$;(&S2Y3\:T_#N&-S2&FI2
M&I\APLR5F:B(VT&1ZK7.ZN_JY#O>Y``"`[.$W<&Q9B)V]C<8)@O+G6E/[#,4
MIB&$=(PGL*R>&G:Y&VF22U^Z.-N<??UCJD@`#XA1FQ&VH]F79+=*V5,@TGYS
M=5ZC%NXK:V_"]98,S+;(+Z+EY6U$*W[F9W;-C%I%S/:IKZ-?)\%6K_F%O``'
MQ&*,P.DW>Z0QN]MF8FX1(X[_`!!?JL+6QQ&*9@ROQ#*^W4^0@B\IMJ$%[FV5
MNC8MA-7ON>2^UQWMP\W^X6N```C&R-_0ZH_X?^:@2<`$9PM^6\7_`*41^Z1Q
M)@```````````````````````````````````:[$,@XE!J<HE939BNN9N]9!
MG?\`4.-54V/%V':+7"C).4[B%9+>(N$I!-ZDF?G2=B\ICMI)YDDKOE<?0`5#
MW33YL[&+C9&?N\UEL['_`'E?[1%MG>,J!L<8%=)+A'"?CMZM5K,?J/@#H9!Y
MDDKOE<?0`47L*&XYLH[)[J[G_+\N:W_WG;%]!"[IC>VQ'VB.V=M2;]ZY&*8[
MEEV^`ZC'-=S:JCFJW$1MM_\`]B[0`#XC%%[&!-N[.VR)(29F:/<_K$D?ZTB[
MY31/QG65<3B#2?SE84KW+;RBP?6*>L^%&J:]5[V(T(_U28N\``!0FS/BZNQ\
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M6D]&N17_`/7-=H<]8[JU)J.S1+EHJL-R(Q2VT(>)U"FU*N7!)5[&?"/Z#'40
MC"\&4I]3R9KTR9&6E]+<9][,VP3MR<R:B5K(S(KF>4CL5AL*-0XU*3+/;Y$M
M^6HE2'Y2B4MRR22DCL1%8DE:UN^9W,S&FPQ3X"JUBTE0HYDFJ())&TG46Y&.
M+5Y1)-[*=X!%Z%/J#>RG>`1>A3Z@WLIW@$7H4^H-[*=X!%Z%/J#>RG>`1>A3
MZ@WLIW@$7H4^H-[*=X!%Z%/J#>RG>`1>A3Z@WLIW@$7H4^H-[*=X!%Z%/J#>
MRG>`1>A3Z@WLIW@$7H4^H-[*=X!%Z%/J#>RG>`1>A3Z@WLIW@$7H4^H-[*=X
M!%Z%/J#>RG>`1>A3Z@WLIW@$7H4^H-[*=X!%Z%/J#>RG>`1>A3Z@WLIW@$7H
M4^H-[*=X!%Z%/J#>RG>`1>A3Z@WLIW@$7H4^H-[*=X!%Z%/J#>RG>`1>A3Z@
MWLIW@$7H4^H-[*=X!%Z%/J#>RG>`1>A3Z@WLIW@$7H4^H-[*=X!%Z%/J#>RG
M>`1>A3Z@WLIW@$7H4^H-[*=X!%Z%/J#>RG>`1>A3Z@WLIW@$7H4^H-[*=X!%
MZ%/J#>RG>`1>A3Z@WLIW@$7H4^H5?W0%4@X?P#(C1(D=-0JJRALY&DYB2>M9
MEJ_JZO.HAK<18"9I7<^2*,<1&^$2&4QU9)+,3I*)QS7Y"S)\Q"6;#KD"M;&N
M'YCD6,XZF,3#BC:29FILS1KU<?!(3;>RG>`1>A3Z@WLIW@$7H4^H-[*=X!%Z
M%/J#>RG>`1>A3Z@WLIW@$7H4^H-[*=X!%Z%/J#>RG>`1>A3Z@WLIW@$7H4^H
M-[*=X!%Z%/J#>RG>`1>A3Z@WLIW@$7H4^H-[*=X!%Z%/J$)V8XT&'L8XD?;B
M,(7N0T$I#22,LRDI[WE%58FIK3?<P4EXFVR=23#IKR$2C)3RM5_^(7C@R)3Y
M6$*#)5$C.*=I\=9K-E/",VTZ^(;K>RG>`1>A3Z@WLIW@$7H4^H-[*=X!%Z%/
MJ%);/\6.=?V/J;'C(;W34SS$VV17X;2>3C^$8D'="TR(6Q957V8C"%M.L+S)
M023+W5)<G]X2S8_BT^9@7#DE4.*I3E-CFHR:2=SVM-^02'>RG>`1>A3Z@WLI
MW@$7H4^H-[:<7_Z"-T*?4*3[GV/"F5K9`=7%96DZH1H);9'E2:G=7D%V;VT[
MD@1NA3ZA26P+#C%BO9&@/PV#2Q4RR)4@E9?='BL7DU$)P]BNA-;)D?`1T-HY
M#T8W]TY4$DE935ERVN?!+CO\PFN]E.\`B]"GU!O93O`(O0I]0;VT[P"+T*?4
M*2V!XC,K%^R2[(BLK1OF24YFR,DGMCVHBY.07:=,IUO_`$$;H4^H4A@&)%B=
MT#CFE.QVC;>8W0A"D$9%<VU:B/\`OF+OWLIW@$7H4^H-[*=X!%Z%/J#>RG>`
M1>A3Z@.F4ZW_`*"-T*?4.>,(R(LCNE\0,J89-I:'XR6S064C;2CB+B_,,8]6
M98>V9L>J)A!,Q::RE*,A92//%+YN,QTV`",X6_+>+_THC]TCB3``````````
M```````````````/BC))&HS(B+69F.>Z<I>RWLP[Y74O"N&5%M!_FO.$=R/_
M`(E)S?W4%WQ?E1B-SZ?*@O:VI#2VE^91&1_M'*^`]DX]CO`55H:F&Y-<CU1;
M<>.Y<DI29%G4JW(1I/41WNKSCI?!]:+$6%Z37-K)LYL9#RD$=R0HRX1%YCN0
MW0``````"L^Z$?VG8GK9%F(W%,(U'WWD>H1S&D(T]S+'9RW4W2X+G#+67";,
M_P!IBP]BUXW]CG##AFDSWM83J\B"+_02P`%%[+9%+V9]C:"9)/:WMN,KV.VV
MD?\`\8FVS<SM^Q5B-%DZHZ5Z_P"RXE7^@R-AM_=&QAAERY':&EOBM\$S3_H)
ML`&*-[FTFU+QK(0=]LJMKD>HR+.9?M,7D?$*+V)<L/9FV28!HRK=>V])7_-V
MPS_^0A$IE3OW533Q*X*)2(I:R\'R&7TF.H2XB`#%&]S@1KE8YE&YGVVJ6O>]
M[&L[W_XA>0HI=J?W4;?)OE3-=N6S1^R%Z@`QXTV'+-Y,26P^IAS:W2:<)6UK
M+C2JW$?D,<@[%]4V[9_:GYCRS)\R^OCSI<M_H)7#(Y./MEB9E/W(VV;WN7_J
M$%_L'38`(SA;\MXO_2B/W2.),`````````````````````````C&R5+.#L?X
MEDI5E4FG/DD[VL9H,B_68BW<[T]N%L64MY+:4N2W'GW%$5C4>V*21GW^"DB%
MH"D\0[#-(3*QIB9Q\YDB?%DNPXRFB),9Y234:KWX1WXM16ORG8RW/<YS]V[%
ME.:,[JAO/1S_`.<U%^I9"TP``````%0=TV[M>QDM%C]UG,HX_P"\K_:-ICZ%
MEV#)\/:S/::.WP3/661*#_5E&?L).&[L68;69$5HQIU>1:B_T$\`!1N*[S>Z
M8PC'X66-3S</@W(N"^?J%MXKI!5_#-5HIN;6<V*XP2_ZIJ29$?TV%7]SK7WE
M46=@BJ(VFJT%Y:-K/49MFL[_`/*NY>8TBYP`Q1O<PM6I&)WK_"JIIMYDW_W"
M\A14*U*[J&:CX**M3;D7?/:TG^UHQ3CL]U>SGOUE5M!8F).>VJQ/VMK_`+([
M8(!\49$1F?$6L4;W+R4+H6))*#,]LJAE\Q((R_[A>8HS9)_D.S[L?U$B,B?;
MW-?7KX2T_P#R"\RXB`5ELVXVFX5H<6G45IQ==K*SCPS05S;XB-1=]7"(DEWS
MOR"MMA!<_!N),>8>J[J3F1H)3'3)>8C4@C,SN?'J<+6*^V/89T^O['=:,K+J
M%9<:-1)UF1+:3_O,3S!*=T*V6Z@:4GGJ3224D]7_`*E9^H=-C3R\246'4I--
MDSD-R8L(YSY'>S3)'8U*/B+S<8]J+68599=<B&\A;*B0ZR^TIIQLS(E%F0HB
M,KD9&7D,:O"WY;Q?^E$?ND<28````````````````````````5[LL[)$'`%+
M:432)=6DG_)XAJMP2XUJ,N))<7E/YS+4[*.($538&F5UM&U;XPHZB;S7RFXM
M%TWY;7,A)]B2-N38TPRSERW@-N6_O%F_W"8C\N)2M"D*(C2HK&1\I&*-[FE1
MP$8PPTL[+IU3OE/RW0?^6+T```````4AW4JS7@ZC1$I(U/55%M=N)M9?ZBQ-
MD**E6QOB.*25632GR(DZSU-G;]@CO<\NDYL344K6R*?3Y_=EG_J+-`!1;%I?
M=1R;6/<5+Y%<5VD^T%Z"A,:QT87[H#"E9@*-@JY[A+25B2X9F39_3=!^<B,7
MV7$`_+AV;49'R&*/[EA"]#ZTZHN"NJ*L=^,R;1?]HO(43LHK32-G3`-;4>1#
MZ#C+5Y,RDG^IT4JEL]`F\4FGW4\5:UY2,_YHE_MY!V^A1*22BXC*X^CQEN;5
M%>=M?(A2K=^Q"E^Y82G02INDFREU1RY]_P!S;%W"B^Z&M#Q!L?5HK%N6I&2E
M:N+.THO^TQ>A`*+V4+5#9TV/*5J/:/Y49?\`&:O_`(A$MF64>%ME2J5`BRHK
M6'G63,M5U*:4V7ZT)&HJ,8J1L=[$=57E2;-2=?49WU$IY*RU>9!"0[%MG\`8
M_J/`/=%51K(N.RTG]'#'2XK&HX`K#\RIJ35V7VYU.ELK=>8)*U/.N(4G,9'K
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MOSWKG11/8AH[5^>]<Z*)[$#P[5^>]<Z*)[`<TMX>7CL]DK%51J4R6NCH6F$Z
MLT>Z$C.99BRD162@O@Y=:ADUYV2KN<*++57)KC3TE,7<*DLDTG(XX>HR;)9_
M`(_A"_,/88JL>@TQA&,*RPEJ(T@FD-1<J+((K%=D]1><QL=':OSWKG11/8AH
M[5^>]<Z*)[$4U@NF3:=L[8PP\WB"HQ%26=U;I:;8SOF9H7PB4V:?_<5\$B%R
MZ.U?GO7.BB>Q#1VK\]ZYT43V(:.U?GO7.BB>Q#1VK\]ZYT43V(:.U?GO7.BB
M>Q#1VK\]ZYT43V(:.U?GO7.BB>Q#1VK\]ZYT43V(:.U?GO7.BB>Q#1VK\]ZY
MT43V(:.U?GO7.BB>Q%-[/E*FMS<%TV1B&?4-V5$TI*2EA)MG=M-TY&T_UN6Y
M"TL28=JBL/58EXRK+B%1'B-"VHME%D5J.S)';S&7S"`]SU3I]1V.FEQL3U2"
MAJ6\WM#"(YH2>H]6=I1_G7XQ:&CM7Y[USHHGL0T=J_/>N=%$]B!X=J]OZ;US
MHHGL13F#:9.J.SUC$DX@J+3T2,39S$M,&ZY_-)L=VS01:N1)'J+RBX]':OSW
MKG11/8BF]GFES:/4L%59[$%1F+:J)I2\^A@E,:T*NG(V5SX-]9&6KB%R:.U>
MY^_:N=%$]@&CM7Y[USHHGL1XS*#6&HC[I8VK9FAM2B(VHEM1'_\`9%3]S=2I
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M5&:0R:%F2F2S&:D&J_F,BU%Y;]1``C.%ORWB_P#2B/W2.),`````````````
M``````````#3XNJ::+A>L592K;DANO%YR2=B^FPJK8%H)GL.3LZ3-=95*49G
MQF67:B_[3^D4L4M4[8>P_0\W"/$CC>3,5[;6D^+SNF.U&TI0A*$E9*2L1#]`
M**Q5_P"2]TGAB>6IJJ0]H6?%F49.(+_8+U+B``````'Y<6AIM3CBTH0@C4I2
MCL1$7*9BBMF5UJH[)>Q?&9=9=:5-VTC(\Q*(W6M=RXR/*8O":V;T*0T5KK;4
MG7Y2,4UW++IJP#4&#61FS5'"MWB-ML_6+L`#%%["%JCLD[)-:07N2INU(._&
M1N.'^Q)"]!2W=11C<P!#EI(\\6I-KN7(1H67[;"WJ5**;2X<Q)W)]A#A'_>2
M1_ZCF*F[*>,J7BFOXH6W*JF$=\E1WF35F3'3<]KR'^8>4B_LJ/4>LR,=&JJ\
M.I82<K<%>W1'X*I#1\1J2:#,O,8K;N7_`/Z;.?I%[_M0+D%4=TC"W7L7RWLM
M]QRF'_-PLA_]XBU4IA([E9EC)PDPVI1:N^^2[ZO(H4G5\4.U"NX8J;9+-BAP
MX$8E6.R5-D1G]*LWGL.ZT*)224D[D>LC&EQHLV\'U]9*RFFG2#)5[6]S5K$"
M[FQHT;%L)1F1DY)?47DX=O\`06P(+LT4W?38PQ%')-U-QMT)U<K:B7^Q)C\[
M"52WTV+\//FJZFHYQU>3:U&@OU)(3P^(47L:_P#F.SWL@53X11T;E([\7#2G
M_P"(Q9F/\&4O'-$12*JX^TTA]+Z'&#(EDHB,N4CU&2C(0WNAX#:=B24VRBS<
M-V,:2M>Q$LD%^I0CFQLSM7<]J7K]UD+7K+_^0DO]HOT`$9PM^6\7_I1'[I'$
MF```````````````````````!5G=&5,Z=L73VDJRKG/-1D^6ZLQE]"#$OV/*
M9O-@:@4TTY5LPFB67]LTDI7ZS,<AT5EU.R33L**29,Q\3&K+?EVU*3U'Y$$.
MX"`!17=$EO96<"8G1P3@U'*M1=[,A9%_T*%ZEK*X``````K/N@JJ=+V+JJ25
M&3DQ3<5)W_K*NK_I2H5%@78\QI3<=X+=G,.RZ*PE,QI].MJ*2D9U(._P59CX
MN4]9<HZH,N#8Q1W<R79IN*H)DDMHJIZBY.#;Z."+R`8M3E)@TV7-7\".RMU7
MF2DS_P!!3W<O15E@NIU1[6[.J2U7[Y)2DOVFH76*T[H.(4K8HK1V+,P;+I?,
MZDC_`%&8R:#72B;"4.NFKA1J$3E^^M#5OVD(AL&X5CU+86FP)R/<ZZY(4I1\
M9%J;2KYC1<A@;#E;D1,&8PP16%Y)V'VY)DD[_P`U96:WD)9'\RB$C[F9"4[&
M+2DE8US'S5Y3N1?L(A;H\I4>/+CN1I3#;[#A95MNH)25%WC(]1B+;)T)#VQK
MB2(TVE*$4QXT(25B+*BY$1%_='+5)PR:M@K$.(UMEG54X^UF9:\B#R&9>3,\
M?T#K?!,[?/!]"J%[G(@,.*/RF@K_`*[C$V2W$M;'N)UK.Q;V2"^ELR_U$9[G
MEHF]B:BF1F>=3ZCO_P#F67^@LT8U2B(GTZ5!=MM<AE;2K]Y23(_VBF^YAEN)
MPI6*(_\`SU-J*TF5^(E)+_<E0N%ZITYFH,4QV?&;GOI-;493J2<<27&:4WN9
M%Y!2_<Y?RVHX[KIW,YM3(B4?G<7_`+R%Z"#[,U/?J>QEB&)&86\\<<G$H0DU
M*,T+2K41<O!,1/"\%^G=S[`C26767MJ):D.ILHLTG,6KS&0N0`$9PM^6\7_I
M1'[I'$F```````````````````````!1&S\9UW%N!<%HN92YFWOI_L&HD$?T
M;8+V(B)-B*Q$6JPY2@TO:^ZD7%RV+?)R5;BXVC=_U'5Q<0`*D[I:!NS8QD2"
M3<X4ME_S7,T'_P!XL#!D\JIA&B5'-<Y,%EPS\IH*_P"NXW8`````*)[HA2JQ
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MM0PIB`]D"AIO'J,=<"IM_FGG0:",[<BBMYE)+OB:]S<T3>Q9`41F>V2'U'Y.
M&9?Z"U@'X>:;?:6R\VEQIQ)I6A17)1&5C(R[P@^R)A^`SL4X@HU+@LQ8K4!U
MQIAA!)21I]TU$7E(8FP).*=L54)1G=;*7&%>3*XHB_58;39==VK8SQ.HRO>`
MXGZ2M_J,#8)0E&Q1ATDI(KM.&?G-U8L$#XA16Q86\VS?L@T`CRHDGNQ";6_/
M)16^9X1C9-HM3QMLXR*11YVY9].IB%LNYC(DK26<BS$=TW-PM?)WA9^P/A.K
M81P=(AUR*4>?(FN/J03B5F2<J4IN:;E^:9\?*+-`1C9&_H=4?\/_`#4"3BFJ
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MT.)CJ&U'K6`<0)=9.[,J._#2ZV7*1&;QD9'WC(R^<5C$@L8%V:L,II6&*E#C
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M'ZA4'8507GW,XP6U$I)<$R<<2?&E7$5A*=E^O5-W8VQ`TYA2JPT+CDE3[[D8
MT((UI+62735R\A&/?8KK%4A['>'8[>$JO)0F&G*\TY&)*R,S,C+,Z1VU\I$)
M;I%5^9%<Z6)[8-(JOS(KG2Q/;"FIM3FTSNBX=15A^HM.U2GY-QJ6SMKG`4FY
M&3F2UVRXU%Q>8?=CZJ39>S5CFOM8?J,MQM.Y38:6R2V.$E-E&IPD_P#M&7!,
MQ<FD57YD5SI8GM@TBJ_,BN=+$]L&D57YD5SI8GMA'L>5VIO84J#;F$*PPDR;
M]T<<BFDO=$=YXS^@A8X\&XD5I]V0U&90\];;'$H(E+MQ7/C/YQ]C1HT1DF8K
M#3#1&9DAI!)3<^/40C^%ORWB_P#2B/W2.),```````````````````````Q:
ME,8IU.E5"2K*Q&:4\XKO)21F?ZB%,]S7$>F0L2XPEMV?K%04:3/E2DS4=O)F
M69?\(O```!^7$(<;4VM)*0HC)1'Q&1\8HON?UJH.)L:X$>,_Y%,-]@CY47R&
M?SEM9_.)ELC[*N'\"OL0I"7)U1<-*EQF%$1M-G^>HSU%JXBXS\A:Q8$9YJ3'
M:D,K);3J"6A1<1D97(_H'H````?$*+V(#WQV8-DBKEK2V_N9*O)MBB_8T0O0
M`%$[/W_EF,-CS$2=11Y^1Q7D);:OV9A>Q"BNZ$/?3$6`L+(.^[*AG<3Y,R$$
M?T*6+T+B'T!KJ/1*31&GF:13HT)MYTWG$L-DDE+/C,[<HV(````H/#IG@ONB
M*M2%>YT_$C1R&2M8ML.ZR_ZB=3\Y#<=TK5W8^#(>'XEU2ZU+0RE"3UJ0DR4?
M_5D+YQ9^&*4BAX=I='0>9,**VQ?OFE)$9_3<;4!1.S9:E;)^QSB!1DEO=6T.
MK[R2<1?]3BA^^YK2<O3.NJ*YSJI:_FS+_P#D%Y@`C&R-_0ZH_P"'_FH$G`!&
M<+?EO%_Z41^Z1Q)@````````'.'_`(VUZGXTK<B33U3L'QIIQ,[#)$IC69)4
M2^(S5E,[*/7R&0Z!HM4@UNE1:M3)"7X<ILG&G$\I'^P^0RY#(9P`````````
M``*]V<,3.88V/*C)C/J9G2K1(RD*LHE+XS(^0R22COYA0;FR-5FMBBKX'K"I
M._J9"(S>W9C=..LS4HCOK,RMEU\BR[PZ;V/J$6&L&4:BFDDN1HR2=L7&X?"6
M?_,9B1@```YHV7I]4P#LOMXGHD<G9%8IQM)2:3,E.VVOB+X1E9M5N4QDN;$3
MZ=C/$5>Q'GF8PF1U3#6XO,J.:3)9H+OK,B,E'Y;%J+7),+[)#%#V!Z;B.0DI
M4N(@J>A@UY=L=2K*DC/7^81*/R$+*P)B-K%N$Z;B!IHF=UMF:VB5FVM9&:5)
MORV,C$@```?EU:6VU.+.R4EF,_(0H_N8TJE4O%%;5?-.JAW/OV3F_P#D%Y``
MIGNH(9O;'T::@CSPZ@TYF+D(TJ3^TR%KT*851HM.J!'<I,9MXC_O((_]13-<
M_P#/.Z:HL0];5'@;8LN\K*M9']+B!>H``````"F.Z!H=3MA_&E#ANR)]#E$M
MQ+*34K:KDLC,BUV)2=?D48B--Q`QLM;,^&I<:,^U2Z/$W4XR\1&:7$GF/BU&
M6<VRORDD=*@`I#NIH2G<$TVH(OGBU%)7+C(E(47[22-IW-,+<NQBR_:VZYC[
MU[<=C)'^P6V`",;(W]#JC_A_YJ!)P`1G"WY;Q?\`I1'[I'$F```!H\58IH6$
MZ;OC7I[<5@U947(U*<5WDI+6H_,-G39T6IT^-48+R7HDEI+K3B>)25%<C&2`
M``@DG9'PY,PQB>J42IHD.49EW;$Y329+(CR6([7(U%8C+4(CL`X6B/[%$A-5
MCD^W7G77'TK_`#F_@%_VF9'Y;B.X&KR]B#%]0P+BF2XF@R%[?3ISA&:4YCXS
MMQ)/B5R$I/>,S'0\=]F2PW(CNH=9<22D.-J)25$?$9&6HR'H*UH&RE!K&R;4
M\$(BDA,8EI9EDY?;G&[9TY;:K<*QW/X)BR@`````````4)LJ>_/9@PI@9-U0
MH/\`+)I<AW+,9'_P)(O^,2G%FQ-!K^R+2<8)D-L(96AR;&-LSW0INQH,COJO
M8B/R$0M(````8DNFT^9(BR9<&.^_%6:X[CK25*94?&:3,KI/S#(=;0ZTMIQ)
M*;61I4D^(R/C(<:8=PM4JMCW_P`,'W'$T>#57Y+Z2.UD)(DFJ_E2E)%Y5>46
M[W-TQZ`QB;!DU7\II$]1I2?]51FE5O)F1?\`XA>(``#28UF;W8/KL[-E-B`^
MX1WY2;.WZQ`>YKB'&V+HCIE;=4I][_JR?[!;(`(#LWP=\-BW$31)S*;8)\O)
MM:TK/]1&/;89G%4=B_#;^<E&B(3!Z[V-LS1_M$!V*2*L[-FR#B"V9$96XT*/
M^_E*WS,B]@```````:JG8>H=,J4NIT^E1(TV81$^\TT25.6UZ[>77Y1M0`07
M9DP]-Q/L>U2ETUC;YY[6ZPW<BS*2LC,B,]5[7&?L8423AW`-#H\UK:I3$?W9
MNY'E6HS4HKEJ.QJ$K`!&-D;^AU1_P_\`-0).*^J6-JK2)LO?&EQMH1'DR&XK
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M?%Z9/K`ZG3O#XO3)]8HS86DQJ[LAXVQS+D,H2Z]N6*;BR(\AG?5?O)0V7SB\
M]\Z=X?%Z9/K#?.G>'Q>F3ZPWSIWA\7ID^L-\Z=X?%Z9/K#?.G>'Q>F3ZPWSI
MWA\7ID^L-\Z=X?%Z9/K#?.G>'Q>F3ZPWSIWA\7ID^L-\Z=X?%Z9/K&MBQ<+1
M*Q+K49-.:J4Q)(D24K22W"*UB,[^0OH(4CC;".+O_$ZHU;!%5BP(5:CI1+G%
M+;03/%G+CS$9F@E725]?'QC>;`6)I$=%=P9B*HDN?2)2C:=>>S9VS591$HSU
MD2BOYEBY-\Z=X?%Z9/K#?.G>'Q>F3ZPWSIWA\7ID^L-\Z=X?%Z9/K$#V;:S#
M8V+L0FQ,86XXREDDH=(S/.M*3U$?>,QD[$+D&F[&F&XKDR.A>XTN*2;J2,C6
M9K/E_M"9[YT[P^+TR?6&^=.\/B],GUAOG3O#XO3)]8Q:H]2:E39=.>G1C:E,
MK97[LGB4DTGR^44MW/\`B2-0\#8DI]5D-(50I3KJB-97-&6YD7?X2%<7?&9W
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M\HF(B+&"8S<>IQ':I-?B5,W3EMN(9)3IN7UFX2"7=-^#KU$1%Q$-G1Z`U`34
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MA^@P"62C9@0VB7\VUEK_`.)?S"X*OL:X0J6&WJ"FCQ(J%L):3*8CMI?1EM91
M+M<SU%?OZ^^/3#6QQA"@4:-3&Z+"E[25U2)<=#KKBCXU&9E^HM1#GVNNT[8N
MQ[C&!+HD.9%GQ3DTDI$5#J6G%'=%LQ:DD9K(^_D(>6QE#T.QA1HN-*1!>IN)
MXB'65RHR%DTM1GD/A%P3N9$9=Y:3/B'3>B&$^;%&]!:[(Q5T'`C<]JFKHN'D
MSG4&XW&5%9)Q:2XU$FUS(N^,K1#"?-BC>@M=D-$,)\V*-Z"UV1AU:AX%H]/?
MJ53H="BPV$YG'7831)27_+^KE'VE4'`U6IT>I4V@T.3#D();3J(+5E)/_A&7
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M=CW%=&9K%%H-&>BN&:3O3VTJ;67&E19=1E?_`/Q"N^Z.IM`I.#(<2ET.G1ZA
M/G(:;5'BH0O*1&9V,B(^/*7SBT:1@C#,2DP8LC#M(=>98;;6XJ$VHU*))$9F
M>769F7&,S1#"?-BC>@M=D-$,)\V*-Z"UV0T0PGS8HWH+79#1#"G-BC>@M=D<
MF;*<(\.8^Q5AZGTN,INL&P<8DLE=G,I*[-ZN#<\R=7(.G\,X`PS2L/TVFR*#
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M&8^$Z@]'P[2FG$[79:(;:3+W1/*218``*&V3\'2,11<55BD(7O[1:NB1&4U\
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M/49%R&=QZ8'8F;+&R4[CFI,N-X=HSA-TUASB4LCNFY=\M2U>4TEK(AT*````
M(1CK8XH.-:K1ZE5=M)=.6=T-VM(1<CVM=^2Y<G?/OC\[*F`X^.<.)@(=3&J$
M56VPG[:D+M;*=M>4]5[<5B/DL*H@;)&RHVRK`S6%UR<61CVI<UPLQ$WQ$M1:
MDF?>6:LI\=C'C5-AS&$6C+QEI!(F8X9=*6:4+S%8OS4J/6I9?,D[92+E%N[$
M^.F,=8:3-4E+52C&3,UA/$E=M2B+^JKC+O:RY!+*Q5(%%IDFJ5.2B-#CH-;C
MJSL1%_J9\1%RF.?(L:O[.U?7,F.2*7@>"[E::2=EOJ+]1KMQGK)-[%<[CVV+
M,61]C6=B7`V,)Q1X]-<5(AO+(SVQ)F5TI(M9YB-*R(N^H6-@K9=P=BZ4<*++
M<A3C7E;CS2)M3O>RF1FDS/O7OY!8@`/RZM#3:W'%$E""-2C/D(N,<[[!V&Z-
MC6=BG&.(*4Q4%2*DK<Y249THO=:N">H_AI+67(.B$(0VA+;:22A)$24I*Q$7
M>'Z```````!K,146GXBHTNC51DGH<ILT+3REWC(^0R.QD??(4Q@78+7!K92\
M75!NJ0:>LTTZ&1J4A2+FHC62M1%<[Y"U&=[F9<=Y0X,.$WM4.(Q';_JLMD@O
MH(AZO--/-+9>;2XVM)I6A97)1'QD9'QD*&V)5'@C94Q-L?/&:(<M1RZ>1GJ,
MB*Y$7E-L]?\`^,?O9%]\^SS@W#9<./3$%,?3R$=S<,C^9M!?.+Y(``!!L1;'
M5*KV.Z+C"4^XE^FI(MH))&ETTJ-2#,^2QF9^75Q"<@`````````````",;(W
M]#JC_A_YJ!)P`1G"WY;Q?^E$?ND<5MBW8ZQ50,62,9;&+\=EV2D]UTURQ)<,
MSN>4CX)D9Z[&96/B/7J^4?9T8@;KIV/J)+H]8BH,S0TTI27C+D(CUI,^2YFG
M^T,#`-/JNR5LB_\`B+7J:[%HD%!)I4=[62S*^4R[Y$9FHSXLQE:]A=>)*)`Q
M'0YM$J;9N1);9H61<9<I*+RD9$9>4A7\C89PRU@&?ABGL_RM\MM3/?X3IOIO
MD49EQ)*YE8M5C/E.XJ]>$MF'%F':5@ZLTMB-2*:^G^52'4I<42;I*YDHS41)
M49%9.NQ#J%EI#+2&6TY4(224EWB(K$/V`\)L.+/B.PYL=J1&>2:'&G4DI*R[
MQD?&*.Q%L)5&G/2YNQUB.12]TI4EV`ZZHFU),K&DEEKM8SL2B/SBPMCO`D#"
MF"6\.R66)2Y"35/-2,R'UJ*RBL9:TD5DE?D(2BCTJG42GM4VDPV8D-J^1EI-
MDE<[G])F,X`````'RQ7O8?1SSC*--V)=DE.-:5">>PW5LR:C'83J;6>M7D+7
MPTWMKS%J(85:KDC9QQ=3L.4/=47"\(DRI[KB<JE'RW(C,K_FI+OFH^(AT33*
M?"I5/CTZG1FXT2.@D---E9*4D(CBS8RPKBS$,*NUF,ZZ_&1M:FD+RMOI([I)
M9$5SM<^(R[QW(:/92V*J3B*B+D4&!&I]>B()41V.DFMLREJ;5:Q<1$1'QD9%
MR7&1L*X[<Q;0W:=5B4WB"E&3,Q#A95.6U$Y;D.Y&2BY%%Y2%F`(?LL54Z+L=
M8AGI5E641339]Y;G`3^M0U&P)2BI6Q=1B--G):5RU^7.H\O_`$DD6.``````
M`````J/9AP1B"IU>C8RP=M._M)O=M9D1O(([I(KZC,KJ*QF5R4>L:'84AUZM
M[(N*<:XFI3L":;:(R6G&E()*CL2B22M>I+:2_P"(7T``````````````````
M(QLC?T.J/^'_`)J!)QAG4Z>4B7'.8P3L1I+TA)K(MJ0>:RE=XN"KC[P_-)JU
M.K$4Y5-E(D,DK*:DW*QVO8R/66HR/S&1\1C3X6_+>+_THC]TCB3#45S#=!KR
MHZJS2(<Y4=6=HWVB4:#\E^3R<1C;(2E"22A))216(B*Q$0^@````````````
M`^*2E:32HB-)E8R,M1C"IU)I=,4^JFTZ)$5(42WCCLI;VQ7?58BN8S@`<_[)
M;#VQQLGTO9$@-KWJJ:]SU1""U7.V;YS268O[2#[XOF%,BSXC,R'(;?C/();;
MK:KI6D^(R,>]R[Y"BNZ7KL=ZBT[!L%]+M5J$QI2XZ#NHF]9)OWKK--BY;"Z:
M/!;I=)@TUFVU1&$,(MWDI))?L&8```````````````````````````````C&
MR-_0ZH_X?^:@2<0+$&%I,N1C$J="89*K4EEI"RRH)]\E/FK-;7<R4@C4??\`
M(-CAR+4GI^(:LN(Y3-WFTF,W)2E2T&AK+G4E*C*V8[6OK)/)<AHL.4[%BJOB
MA+6)H*%IJ*"=4=*S$M6YF#N1;;JU&16U\5^42#>O&7.R!U/^,&]>,N=D#J?\
M8-Z\9<[('4_XP;UXRYV0.I_Q@WKQESL@=3_C!O7C+G9`ZG_&#>O&7.R!U/\`
MC!O7C+G9`ZG_`!@WKQESL@=3_C!O7C+G9`ZG_&#>O&7.R!U/^,&]>,N=D#J?
M\8-Z\9<[('4_XP;UXRYV0.I_Q@WKQESL@=3_`(P;UXRYV0.I_P`8-Z\9<[('
M4_XP;UXRYV0.I_Q@WKQESL@=3_C!O7C+G9`ZG_&#>O&7.R!U/^,&]>,N=D#J
M?\8-Z\9<[('4_P",&]>,N=D#J?\`&#>O&7.R!U/^,&]>,N=D#J?\8-Z\9<[(
M'4_XP;UXRYV0.I_Q@WKQESL@=3_C#75_"-?Q#2I%)K&(:;*A/ILMM5'^@R/;
MKD9<9&7$*WI^QELJX76_1L(8TBM4-Q1+2M_@K2?+9.164[W^">O48R]`MFS_
M`/<EC_F7V!EX/V'ZY2*TYB>IXGAS,0.*,S??A*DD@S_.2:EI/-;5>VHM1"P]
MZ\9<ZX'4_P",&]>,N=D#J?\`&#>O&7.R!U/^,&]>,N=D#J?\8-Z\9<[('4_X
MP;UXRYV0.I_Q@WKQESL@=3_C!O7C+G9`ZG_&#>O&7.R!U/\`C!O7C+G9`ZG_
M`!@WKQESL@=3_C!O7C+G9`ZG_&#>O&7.R!U/^,&]>,N=D#J?\8-Z\9<[('4_
MXP;UXRYV0.I_Q@WKQESL@=3_`(P;UXRYV0.I_P`8-Z\9<[('4_XP;UXRYV0.
MI_Q@WKQESL@=3_C!O7C+G9`ZG_&#>O&7.R!U/^,&]>,N=D#J?\8-Z\9<[('4
M_P",&]>,N=D#J?\`&#>O&7.R!U/^,&]>,N=D#J?\8-Z\9<[('4_XP;UXRYV0
M.I_Q@WKQESL@=3_C!O7C+G9`ZG_&#>O&7.R!U/\`C!O7C+G9`ZG_`!@WKQES
ML@=3_C!O7C+G9`ZG_&#>O&7.R!U/^,&]>,N=D#J?\8-Z\9<[('4_XP;UXRYV
M0.I_Q@WKQESL@=3_`(P;UXRYV0.I_P`8-Z\9<[('4_XP;UXRYV0.I_Q@WKQE
MSL@=3_C!O7C+G9`ZG_&#>O&7.R!U/^,&]>,N=D#J?\81['E.Q6WA2>J3B6$\
MU9NZ$TO(9^Z)Y=M/]@LH`$9PM^6\7_I1'[I'$F``````````````````````
M```````````````````````````````!&-D;^AU1_P`/_-0).`",X6_+>+_T
MHC]TCB3`````````````````````````````````````````````````````
M`C&R-_0ZH_X?^:@2<`$9PM^6\7_I1'[I'$F`````````````````````````
M````````````````````````````!&-D;^AU1_P_\U`DXCN/)LJ!A6;(AR#C
MO7:;VY)$9M)6ZA"EE?E)*C._):X\,+RGF48BBJ>DS8],G*:CFM1NNJ1M+;AH
MS'K69*6HBN=^(KZAI:)7Y,*I5^2]A;$6USIJ7V;0KGE)AI&OA:CS(4-SI@?-
M?$GH'\0PJGC"I;7'WMPM7C7NAK;MM@:MIS%MEN%\++>WE&;I@?-?$GH'\0:8
M'S7Q)Z!_$,*CXPJ6]<7??"U>*H;66WDS`X!+Y;<+B&;I@?-?$GH'\0PF,85+
M?.9M^%J]O?M;6YC3`X9KX6V9N%Q?`M\XS=,#YKXD]`_B&%4,85+;(.X,+5XV
M]T%NK;(&LF<JKY>%\+-D^:XS=,#YKXD]`_B'F_C![:'-HPOB+;<IY,T#5FMJ
MOPN^/*FXPF[W1-\<+8@*=M*-T$U`X!.92S9>%Q7O89.F!\U\2>@?Q##A8PJ.
MZ9^[<+5XF-O+<FUP-9M9$WS<+CSY_FL,S3`^:^)/0/XA@RL85/?&#N7"U>W#
M[INHUP.&7!X&7A=^]QG:8'S7Q)Z!_$,2JXPJ&]DS>O"U?.H;2O<Q/0.`;EN#
MFX7%>UQE)Q@K*6;"^)+VU_R#^(?=,#YKXD]`_B&#3<85/^5[XX6KQ?RE>Y]J
M@<;.K)FX7PN.XSM,#YKXD]`_B&&[C"H[ZQMKPM7M[MH<VXS@</;;HR6X7%;/
M?YAF:8'S7Q)Z!_$,&L8PJ>]SV]&%J\<[5M1/0.!\(KWX7>N,[3`^:^)/0/X@
MTP/FOB3T#^(8=+QA4=S+WSPM7B?V]W+M4#5M6V*VO\[CR9;^6XS-,#YKXD]`
M_B&#IA4]^/Z+5[>O<W'N#W3;L_\`>^#E_6,[3`^:^)/0/XAAU3&%1W,C>S"U
M>-_;VLVVP-6U9T[9^=QY,UO+89FF!\U\2>@?Q!I@?-?$GH'\0P:/C"I[W,[[
MX6KQ3N%MA,P.!\([6X7>L,[3`^:^)/0/XAAM8PJ.^LG;,+5[>[:&]I,H'#VV
MZ]LOPN*VUV^<9FF!\U\2>@?Q#!J6,*G_`"3>["U>/^4HW1ML#B9UYLO"^%Q6
M&=I@?-?$GH'\0^*Q@K*>7"^)+VU7@?Q#%I6,*AO9#WTPM7RJ&THW23,#@$Y;
MA9>%Q7N,O3`^:^)/0/XA@Q<85/?&=NG"U>W#[GN4T0.&?!X>;A=^UAG:8'S7
MQ)Z!_$,.;C"H[I@;CPM7S8V\]UYX&LFMK5;+PN//D^:XS-,#YKXD]`_B'A-Q
MA*W'(W'A;$.ZMK5M.V0.#GL>6_"XKV"%C"5N./NS"V(2E;6G;MK@<'/8LUN%
MQ7N/?3`^:^)/0/XAAPL85'=,_=N%J\3&WEN3:X&LVLB;YN%QY\_S6&9I@?-?
M$GH'\0P96,*GOC!W+A:O;A]TW4:X'#+@\#+PN_>XSM,#YKXD]`_B&)5<85#>
MR9O7A:OG4-I7N8GH'`-RW!S<+BO:XRDXP5E+-A?$E[:_Y!_$/NF!\U\2>@?Q
M#!IN,*G_`"O?'"U>+^4KW/M4#C9U9,W"^%QW&=I@?-?$GH'\0PW<85'?6-M>
M%J]O=M#FW&<#A[;=&2W"XK9[_,,S3`^:^)/0/XA@UC&%3WN>WHPM7CG:MJ)Z
M!P/A%>_"[UQG:8'S7Q)Z!_$&F!\U\2>@?Q#"I.,*EN%.^N%J\4O.Y<F8'!RY
MU9/SN/)EOY;C-TP/FOB3T#^(82<85+?=S-A:O;V;G1D,H'NFW9E9K\+X.7+\
M]QFZ8'S7Q)Z!_$,*IXPJ6UQ][<+5XU[H:V[;8&K:<Q;9;A?"RWMY1FZ8'S7Q
M)Z!_$&F!\U\2>@?Q#"H^,*EO7%WWPM7BJ&UEMY,P.`2^6W"XAFZ8'S7Q)Z!_
M$,)C&%2WSF;?A:O;W[6UN8TP.&:^%MF;A<7P+?.,W3`^:^)/0/XAA5#&%2VR
M#N#"U>-O=!;JVR!K)G*J^7A?"S9/FN,W3`^:^)/0/XAYOXP>VAS:,+XBVW*>
M3-`U9K:K\+OCRIN,)N]T3?'"V("G;2C=!-0.`3F4LV7A<5[V&3I@?-?$GH'\
M0PHF,*ENV?NO"U>W)MB-R9('"-.0LV;A<>?-;R6&%BZO2JOAZ93XF%\0[>[D
MRYX5BU+29Z\W>(Q8@_#S33[+C+S:7&G$FE:%E<E$>HR,CXR'C`@PJ;%3$I\1
MF+'29Y6F4$A)7/7J(0U>.7'HY2:;2V)#3$(YT[/-2A3+9+4G*@LIYE\!9V/*
M16(KZQ-V7$/,MO(^`M)**Y6U&5QH:UB1%.?E0V82I,ULHQ,M;8E!.K>6M"2N
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MVW6U$I*TGQ&1EJ,AIZ[6)M.J5/B0Z4<]+[;SKR6W"2XE",A<`CU*.Z^(S+B^
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M\16,C+O&<JL5KV$)1C-::I+*3#C,TAB8N`<DY/NC3R?@FZBUD(6>I)WY4W^%
MJE-%F;Y4>!45-$V<J.V\:".^7,DE6O\`.-1B;$JJ+*8B1J1(J+ZV7)*VV%H2
MI+2#22C22C+.JZBX)?26J^50*O(J+LV'/IQ09T-2"<:2\3R32M.9)DHB+DO<
MC(K&7*5C/+KE29H]+>J#S+CJ6\J4MMVS+4I1)2DKF1%=2B*YF1%RC24S%,F7
M4(\:9AV;`9?>7%2\\XV=GT)4I2#2DSX-D*LLKD=N34)58N\((>-*H\4U^!AU
MIV%%V]2I+L]*$Y6595I59)Y'#/6E*M1E<S--K":PWVY<1B4VE1(>;2XDE%8R
M(RN5R[^L:/$F)BH4V'%719\I,O@MOLFRAHEWL39J<6DB4?(1\?$5SU#+PM5G
M:[1(M4>IC]/-]!*)EY:%'8R(R,C29ZCORV/R$/3$-6;H5*=J3L&9,::,L[<-
MHG'"(SUJRW+47&?>+6-9AG%15^?*C-T6?%:80A:9#QM&APE))16-"U<9'<K7
M*W+R"3&16XA`&<>3WZQ&I2,)3&Y*Y!LNM/2V$N-D2%*SY<]S29),R5Q&1'8S
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ML7EU"(1\;.O55A@H]+<AJ?CQ'%,5`G'3>=0E9*;3ELMLLQ%FN1F1*.UB$ZL7
M>(?0`4I+I]6=GRG68#Y3C)Y4N'O&P49:DN$;"$K4W=Y*E$DSLL[6-1FBUA=#
M1K-I!NI)+AI+,DCN1'RE<5ILDQWGJNVMN*E$IJ.A=.>;HR9CC\DEJ,FS<4E1
M-$5DF1G;X1JO9)D)7@AB1%I<B,_%0T3<MTFW4QBCG(*]S=4CD,U&K7JS6S$1
M$9#]8V.85#,HC2UI-YLI"FHQ2'&V3/AJ0V9&2E$7)8]5SL=K",X"8J[%7SN-
MOO0'&GD)>E4]J*XVVESW(N`A!EFNX9H,M6I7!S6.QE7L=K7Y+BDF*34G:RBL
MLTUYRM-HVV0T_0H[;92C=21(0X:"4I%C49N)6>4DDHU7/*=W"IMD&F.5C$>Y
MWX:=O2N.B$149,@I#9F1N*4^I*DHR&:CL9E;+?7F(3W!I/IPY#;D0VXJD$I"
M&VX^YR-!*,D*VK_V\R2)67DO88./MTKIT9@D/[WO/Y9KD>$4QQ#>4S(R:-*B
M,LQ)(SRJL7)REJ=C.)58&VQY$4T1'6$O&M<%F*HG#6HB39I*2,S025*(RN@S
MRW/B*:5A+RZ3.1&CM2'U1W";9>*Z'%93LE1=XSU&*[H\W%;E58<8G5J7&SQD
M.QZA3&XZ"4HU;<1%D2HDH25R61F5[)NN^JT.05G6I5?:Q%)A4Z;+IRG)B32Q
M&I).MO,&A)N/J>4DR-16/@D9'P23:YD8G&&G9K]"@O5&*F-+4T1N-)1DL?\`
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M)\S:-1$X9-GJ6HDYC))\9D6H^(0W`5/G4^KL)A,RG:3GD-MJF4UJ,MIG*A6;
M@H0M*E.:LJBNHBS6*Q&=H"CWZ?/75Y\V-`+?!:7USH!T+,R1DX1MH):B]T)Q
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M<--6AU`Z<VRDXKL&DLS;J/X9+-QMPT'>UB(B(RY3/44KP8503AZ,BHLFTXDU
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M#0X_;E.(I>6+*<A-R#==>A0FY4AAQ)>YJ0A9*L5[W42346KB(S,>6`6'TS:Q
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M;8N^MMQ.5>5.6QWRZ[GK*UCV.`E3-Y#8D-K*+'<VJ"MR)N5;C!)3E,VOS;'F
M(M17(B.Q7&5B^55(=&4]2FW3=VQ!.+98VYQILSX2T-_GJ(N37YCM8XM@-MZ)
M7)+5.W8_3I*5/S'95(W":7^"233P$9S,KW(DZK7N5]=BG>QVX^2XJ5QW$#\N
M++6BN*Q,PLR:8=I#&Y&U*.RTI>R7)HRU9B<O:Q\>H6V*VQDA>DY2)C<B$U':
M0N)-AT1,Y:UZ\V9S:UFV:3M8K%W[GQ%*,#(DMX;BM28:(NUJ6EI"8Q1KMYCR
M*-HOYLS*QFGOGQ%Q%B[(C"I%%9;.`F5'.2G="R@)FK8197#0RHCS'>Q<1F1*
M,['8:G`+"V:Q(**T\]`3#0T4J52"@N-F@[(93P49D$DU'8DV2?*=]4[F;=N5
M_<R$+?R*VM+AV2I5M1'Y+BJ*<W4]UP#8C5@ZKNIMU^-*HD=J*DR.RU;:ELC+
M*E2\JB6H]?YUS%NBK,;TUJHXAD*KE/J1LMI04)V#1F)B5HL1GF6MM:B5G-19
M>"5K6O<S$[PFF<C#L!%282Q)2WE-M+:6\J2,R3=*3-*3RY;D6HCN1#2[([+L
MJG0XKD-;U.<?_E3K4`IKC)$D\II:,CXSU&HB,R[VNY86QI"33W:C&@0U)I1I
M;4W(=I10'%N<(E)RY4YTD5K'E*US*Y\DTJJIJ*9,736T.3DLK..AP[)4Y8\I
M'Y+V[PK##\1YBNT^13(=6W<MTMV%/H4:*VEH_P"</;4-I,CX[95*N>K65S%M
M``"M\3XEVG%BH9S\.0'*:25,G5):VW'#=0=U)25BRV,TZ[G<CXM5['+61<7S
M"-8^G;AH*R-</))4<=;4A;B#>2I*B-#9MI4K/REP5<1ZN4?<*XF36"1%D46J
M4F83.VDQ.9RYT$9)-25<NLRU'96LM0W55E'!IDR:EDWE1V5NDT1V->5)GE(S
MXKVL*WPAC."BL1XTFOX<D-UAM4P]R.*;4P\K(1(/.M6;-<B(N"=TGP=>JTQ6
M]3Q.>F;T;?##<%ZGN%%;;J$M:9"TNDVI1DDK%PK))/'Q>6PL@0_9#J1P(,5K
M)&D)D.:X:EN)??-)I41-;6A9F9&17(TVU\9#:8;Q`BMH<2NF5&F2VD(<<BSV
M<BR2N]C(R,R,KI46H[E;61#UQ75E4/#E2JZ&4NJB,*=)*U94ZN4S[Q<9VUV(
M["(8*Q5!15W,.NU^@3B<1NAAR`X:#-QQQ2E-Y5+5F.YFHK'Q<9%JO8PK>#B7
M=>,WB*H8;C/)E*IRHKTM>[#0AP[$2-2<QG=16OJ,M8L@0O']8<IBJ>TB.S/S
M.$^4!M3A2G5-K2I)MDA*B,B,M9*(BUEPB&\P]76JTT[_`"&=`DL&DGHLUK(X
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M9?,(MLBU5N,U`H[\NGP6*HIQMR9/,]J;)"25EL2DW4KDX1$64^/40S<"XHC8
MEIJU%/ITB:PXM#Q0G<R5$2U)2X23,U)2JUR(_I/C&VQ%454B@U&J)9)TXD=;
MV12LI'E(SUGR%WQ&\`58IRY;#=5PY+;.\DT4J2MU:5N+-2E*S'J(S,[";"O)
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M++W/)D)6NK0D..PEN+RHU*6E*B*Y)XB4DK_"Y19`JO%&,BIV(JA*54:'%=HJ
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MU$B)'6RV:R<EF9-),OZUM=O,(G@O%#2D1Z6_0:E`;<>4W'EK;6N,^I69?`6I
M*5V/A6-2$EJL1F)X*G+'+$;$2ZE*JV'XY.3CI3\!UQ2)++3;BR)Q2S7E*QFI
M9EE(LIVS7(KVJPZT^RV^RXEQIQ)+0M!W)1&5R,CY2'[`!2^-JX4ZI3#IF,$*
M:79EF/`K4=F^9M2;&2E$>8G;&H[ZTJ*VM-A<D=*T,-H61$LDD2K&9E>W?/6?
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M-]^G5O$,:7`KL>H(DU`E)4J9*)LBVYM;9[62=K,TDE3>3B/@J,R.]KQ%:[)$
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MK)B'&=4EPU$NZBNI:5(,CXTD@S(M=Q8=";DMT:`B8^V_+*.WMSS>M+B\I9E$
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MTD6<E6(M=K&97,QN<85:!2*#)>J%6;I:7TJCM2G+V0ZI)Y3U<M]?S"`['K$=
M>+]OC2VGT(B+41JFRI"B)9-$:$D\DB(DJ2H\Y'=1*(K:A;0I_$,R6K%9/1:Q
M&<14%+CT^4FKH;:;42VB)&U9N$:%H<S6)6;;"2?>*WTD1%8B(B[Q"O-DJL-H
M6U`AXIBTV4TVXIQHJBU&=)9H(VLV?7D.RB,BY5)/B(QO=CQ3KF&&)#K[KZ7W
MGG6G'I2)#BFU.*-.9:#-!G:Q62=BMYQ]Q]5H%,P[):F5EFE.S$*CQWW347NA
MI.Q$:2,RXCUEK+DUB*;&[$<\3SWXTEMYM$=1)4J7)?<-"W"4E-GDEE)-C3<C
MX9$DS(K"T3U$9\0IZ1,F.8S9W/6(SI5-TE0Y::LC:EM$^1DE+.;79!.-F1$9
M+4=[WUIN`B(B(B(B(5ILC5MI,]N-$Q5'AKBMJ-Z,S4V8SIN9D*)*LY_G-YR+
MO*41GJUE+,"D\6%*<I]YQY:T*63CLA+ZUI4M1I-2TF:5*RF5\IY;WMJL,/9#
MJ]-I]$.%-J[-/D33R,;8XMO;LJDFI!*01J3F3P<Q%<LUR&AV+X[*:M6GV)3<
MALDH;2XJ1(><6G;'5),]N263@J)-B,R,TWU"R'%H;;4XXM*$)(U*4H[$1%QF
M9BHJ;)G*QLS'*JQWESW6Y3,DJLA3<F.2W5'D8N9V4TI*"22;70:KG:YV^6HB
M(``:C$=%16Z1(I9R5Q6I);6\MIM"E*;/4I/"(R*Y':]KER#:,MI9:0T@C)"$
MDDKG?416%1[+.*S@UENBN4>GO,)82\J8^@WG6\QF5FT<&Q\'X6;YA+MBV:S.
MPFT^Q+J<I&W.)VRI.DX[<E<5R_-+D+D+E,;7$]+F5%J"]3G(I3(,DI+2):#4
MTM1)4FRK'<K9KD9<1D0U&',*S:9/ICLJ7'<:I\1Y!+:29+D/OK);RU7U)3F3
MP2*YZ]9ZA,QIL24)FNTW>UV0Y'C.+2;Y,H1=U!:S1=1'E(SMK*QE;49#<BD=
MDS%Q-8FD4>12HC;$3(15!"-LE$:DDKW/6G:[7X[J\PLS`$EN9@^ER&I$^0VM
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M=9V/5KOQ"K]C6OQZCC..U_*84AQ#IG!IY$S`^#>ZD&:C4KO*X/F%X&*W3@FM
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MZKQJC4:FAF14,Z64*5&,R1#9X1_S+5U&GR\([BRZU`WTH\^FF\IG=4=;.V)*
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/HCY.">91]\[%KU3T?__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>g319741.jpg
<DESCRIPTION>G319741.JPG
<TEXT>
begin 644 g319741.jpg
M_]C_X``02D9)1@`!`0$!KP&O``#__@!"1$E32S$S-#I;,#9.64,U+C`V3EE#
M-#4V-2Y/5510551=-#4V-5]!1E)!7TY%5T),1%]215-!3%],24Y%+D504__;
M`$,`!P4&!@8%!P8&!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@
M&1HE,B4H+"TO,"\=(S0X-"XW*BXO+O_```L(`;<"N0$!$0#_Q``;``$``@,!
M`0``````````````!08#!`<"`?_$`%80``$#`P$"!PH,!0(#!08'``$``@,$
M!1$&$B$3%18Q0565!Q0B459AE-'2XS9"5'%R=8&1H;&STR,R,U+!@J4E8I(D
M0Z*RX1<T1)/"\#5C97.6H_'_V@`(`0$``#\`OE3KB]4]#K.`L@-PI:J1EG\#
M`D87.C&T.G8=&\GS87VXZVNL5-4/IIF%\=#-,[;@``D;34DK<;]XS.X[\<^.
M@$S`UT(&W$BWU=;#;))I*^H:&1][Q">6-N&Y)>0(G'=CP6YYSLK+4Z^AIYJL
MR6:M-+#)5P1RL+7.FEIVESVA@.<$-.#XP<@<ZD*+5M++IBNU#4PM;348D<XT
MM1'4ME#1G,;F'#LYQ@X.>?QJ(K=6W>2\6BRMM4EOKIJ^%M4Q[V2XIW1RR`M=
MG&287-/2-DXSEI,Y+=:MM_O=$"S@:2V05,0V=^VYTX.3TC^&W<HJNO-ZDT;I
MVY4K9S-6MIY*Z2BIVRS1QNBVG.CC.03M;(YG8!)P<*7T7<YKI9C-/705CXYY
M(N%CB="\AIW"2-P!CDQC:;C'2-Q5<X\O=/!67V2X124=/>GT+Z-U.T#@>^1"
M"UXW[8R';\@X(QTKU6:ZGDHJ:6"VS48KC#-033%KQ/":B*-Y+0<L=LRAP!Z'
M>,$+Q0Z_[VH;2;G#&^6K<`][9XXW';J'0MV(R=I^"`78Y@<[SN6>I[H388XY
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M/B@`8QS>-:]NTE:J*JBK7/JZJMCE;**FJJ'229;&^-H)\0;(_=XW$G)WK+>M
M,T%VJ754DU9332P=[3NI:@Q&:+).P['0"YV",$;1P=Z^5NE[954T5.UU53"G
M<Q]*^GG<QU*6LX,",_%!;D$<QR<A9[-8:.T-`I9*ISBZ1\KYIW/,[W[.7OS_
M`#.\$`'H&X8"U8](VAE<:L]]O;WVZM%.^I>81.7;6WL9QG:.1G<#O&]:U-H6
MPTY:-FJEBB`9312U+G,I6"5LNQ&/BC:8SQ[F@<PPO$^@K'(-F-U=`PLC8YD-
M2YH?P<CI8R?&6O<XCHW[P<!;-7H^U3TK*5DE93P@3,>V&H<!*R5Y?(QP.002
M3YQT$*Q11LBB9%&T-8QH:UHZ`.8+TB(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B
M(B(B(B(B(B(B(B(B(B)D>-$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1
M$1$1$1$1$1$1$1$1$1$6&KA$]-+"Z62(/:6E\3RQS?.".8^=<UHGW"IXI$5[
MN<=MOUP>(7NG+I64T<$CF;+W#+3(YFV?^4@#I5CT_J.;D5;+Q<8:NLEE;LO-
M'3.E>_!<`_98.8AN21NWI3:ZMU73155+:M034\S`^.1EIG+7M(R"#L\Q"R\L
MJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^
MRG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?
M8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZ
MDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIR
MRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//
M[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1
M]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7
MJ34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG
M+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\
M_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU
M'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI
M>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*
M<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]C
MS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J3
M4?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*
MEZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_L
MIRRI>I-1]CS^RG+*EZDU'V//[*<LJ7J34?8\_LIRRI>I-1]CS^RG+*EZDU'V
M//[*<LJ7J34?8\_LK%4ZYM]+3RU-3:=0101,,DDC[1.`QH&22=GF`"E^/[7\
MH/\`T%2KVM>QS'M#FN&""-Q"T:RSVNLMS+956^GDH8PT,@=&-A@;_+@=&.C"
MV!##3T8IX(F10Q1[#(V-`:UH&``!S`!0?<]^`>F_JVG_`$VJQHB(B(B(B(B(
MB(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B*"US\"M1?5M3^DY4E
M=31>)OZ3_HG\E7^YY\`]-_5M/^FU6-$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1
M$1$1$1$1$1$1$1$1$1$1$1$106N?@5J+ZMJ?TG*DKJ:+Q-_2?]$_DJ_W//@'
MIOZMI_TVJQHB(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B
M(B(B*"US\"M1?5M3^DY4E=31>)OZ3_HG\E7^YY\`]-_5M/\`IM5C1$1$1$1$
M1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$6C=KI1VFF-162[+>
M9K1O<\^(#I56.I;]=3LV.SN;&=PFFWC_``W\2O4>F+U<)&RWN]28!SP4!.[\
M@/N4OK@8T3J$?_IE3^DY4I=31>)OZ3_HG\E7^YY\`]-_5M/^FU6-$1$1$1$1
M$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$4)?-26ZS2L@J>%?,YNT&1MR
M0//D[E"\K;I6;K7I^>0=#Y,X_`8_%9;1J"ZMOC;9?:>*G=.P.A#1C!Z!G)SG
M?]H5P1$1%7]1:DIK0.`C;WQ7/W,A;T9YMK'-\W.5%VG3E7<JH7;4KC)(=[*8
M\S1T9'0/^7[U<VM#0&M``&X`="^J"US\"M1?5M3^DY4E=31>)OZ3_HG\E7^Y
MY\`]-_5M/^FU6-$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1%X
MED9%$^61P:QC2YSCT`<ZI>D8G7B\U^H:EF6%QC@#M^!_Z#`^TJ[JL:XM;ZRW
M-KJ8$5=$>$86\Y;TC[,9^Q2>G+HR[VJ&K!'"8V96CH>.?U_:I1$6.HGAIH7S
MU$K(XF#+GO.`%3*S4-RO=0ZWZ:A<&#<^K>,8'F_M_/Q!2VG],4EJ=WU,XU5<
M[>Z9_03S[(_SSJPHB@M<_`K47U;4_I.5)74UYVV;.UM#9\>=R^3?T7_1/Y*O
M]SSX!Z;^K:?]-JL:(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B
M*IZ]KY(Z"*UTV75-<\,#1S[.1G[S@?>I^ST#+9;:>BCP>#;AQ_N=TG[UNH0"
M,'F5$H3R8U8^A<=FW7#?%OW,.=WW'=\Q"O:+Q-+'#$^65X9&P%SG'F`'2J%%
M%/K.[23RNEBLU,=EC0<;9]9YR>@8"O-'24U%3MIZ2%D43>9K0LZ(B@M<_`K4
M7U;4_I.5)5UUSW_R-OG%>WW[WE+P/!YVMK9/-C?GYM_BWKF](;8)*6&>&W/T
MK#<F/J:BEB>RBES2OV6OC<7`;+PS)S@N+-KP@5<]-S7RG[G]J?#0=^5IAQP5
M54&%PB.ULDN+7'(;L[B,^-1FAKEJQFC+`RFTS12P-M\`9(ZZ[!>W8&"1P1Q\
MV2IWC36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>Y3C36?DG0=
ML>Y3C36?DG0=L>Y3C36?DG0=L>Y0W760&3I2W@?7'N56:&JOEYOAOM-9J>J=
M3XC$#ZW@V1G!QA^P=KI/,.<%6;C367DG0=L>Y3C36?DG0=L>Y3C36?DG0=L>
MY43J*'5-ZI&15.F:2#@G;;9HKGPCF[MX#>"&<^+(Z%CM6LKU4AE)!:*"HF8T
M-VY[EP#I3C>0TQG\U-<::S\DZ#MCW*KMUNVH-1/DL<-M@IYXR3*R*LX1C\#<
M#)L#`SN.X[\*9M]1JNWT<5)3:0H&Q1C`_P",;SXR?X/.5L\::S\DZ#MCW*<:
M:S\DZ#MCW*<::S\DZ#MCW*<::S\DZ#MCW*<::S\DZ#MCW*AM8W+5K](WUD^F
M*&.(V^H#WMNNT6MX-V2!P0S\V5'X;_<?N74D7B;^B_Z)_)5_N>?`/3?U;3_I
MM5C1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$5<UQ<C065\41/
M#U1X)@'/@_S'[OS"W=,VP6JSP4I&)2-N7Z9Y_NYOL4LB(H.\Z8M=UVGR0\#4
M'_OHMQ)\XYC]JKE12ZPLT$E+23.KZ5[=ACVC+X\](SO'XA6/2UD99J`-?AU7
M+X4S^??XAYAZU.(B(B@M<_`K47U;4_I.5)74T7B;^D_Z)_)5_N>?`/3?U;3_
M`*;58T1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1%1OA!K?^ZCM
M@^PN!]K_`,JO*(B(B(B(B*"US\"M1?5M3^DY4E=31>)OZ3_HG\E7^YY\`]-_
M5M/^FU6-$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$45J2Y"U6>
MHJ@<2;.Q'],[AZ_L6AH:VF@LK)I`>'JCPKR>?'Q1]V_[59$1$1$1$1$4%KGX
M%:B^K:G])RI*ZFB\3?TG_1/Y*O\`<\^`>F_JVG_3:K&B*NWRY34URAX&2004
MH;)4-8PN#PYV,$XW8;EWW+)+?)&!S&TP=,QQCD`)(8\R;#.89((R[QX"^MO%
M47AKJ>-@9'+)*^5SF##"!N!&1G(Y^;?SKS#>*N:44D<$7?+I`UKGA[&8V-HG
M!&?-Y^=>([_/*R)[*/.(V22M;M._F<1@$#&[9)WXRL]UJJNGNM.^%SG01POD
MFB`SMMVF@D><`Y^\+4IKU4"%@9&:G9#I7/`<[::9'AH!`P-S><[N99(M0R25
M+*8TH$CG-C_G_P"]V\/;S=#?"6I#7UE/!35KS4N:[AMHRR-+)<->6@#G:?!Y
M\=!6]7W23:,3&EA:&D.:_I='([>,=&R%B9<:V841:6MA%3%`]VUX;SL9=NYL
M$G_*RW-U9)<*J&F-67-IF.B$+VM:UY+][LGS#Q\R372IB<YT\;1%!/P3C$\Y
M>1$7N.,<WB"]/NU9&V%DE/#PM1LF/@RZ0-!:7'+0,G&SSC<<]&%*T%0ZJI(I
MWQ&)SQO8>@YPMA$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$5'U&3?-445CC.:>
MG/"5&/O/X8'^I7=H#0```!S`+ZB(B(M>OK:6W4<U;6S,AIXF[3WN.X!<AJM?
MWF>^T5XBCFIM-MJ>]]DM&)1\8N/]V-^[<,8Y\KLH((!!R#TKZB9!106N?@5J
M+ZMJ?TG*DKJ:+Q-_2?\`1/Y*O]SSX!Z;^K:?]-JL:(L1IH")@8F$3_U<C^?=
MC?X]VY8S0499*PTT>S+CA/!_FP`!GYL#'S+XR@HV1\&VFCV2QS"",Y:XY<#X
M\GG6I466E<P=[M;"_:#B[9VMK`(&<[^GGS^&Y9*>T4,,--&86O,#0UKG<YP<
M[^@[]_F6\8HS*)M@<(&EH=C?C.<?@%JFUV_$0[TB#8]S0&X`&<XQTC._"RMH
MJ1L@E%/&)!(90[9&=LC!=\Y&Y8X[901O+V4D0."/Y?'S_>OD-KM\+2V.DC`)
M!.1G.`0.?S$CYBOHME`*AM2*6/A6XV78YL#`/S@;LK9$<8E=*&`2.:&EV-Y`
MS@?B?O7@TM.22869+^$YOC8QGY\;EKBU6]L1B;2L#"0[=G((YL'G&.C"VXHX
MX8VQ1,:R-HPUK1@`+VB(B(B(B(B(B(B(B(B(B(B(B(B(B(B(BT[M7PVRWS5L
MY\&-N0/[CT`?.57-!T4IAJKU5C-16O):3_;G.?M/X`*WHB*#&J[!QO-9W7*&
M.MB<&.9)EH+O$''<3YLJ<1:UPK:6W4<M;6SLAIXF[3WN.X#_`.^A<M8VY=TR
M[<))PM'IBDDW-YG3.'_U?@T>=6W6^GJ>JT34VRAIFQBEC$M/&P8`+-^!\XR/
MM67N<7?CC25%*Y^U/`WO>7QY;N!^T8/VJTJD]U6\.MFF'TU.YPJJ]W>\>R<.
MQSN(^S=]J@Z'N:W*"C@DIM4UU'5&,%[&YV6NQO`PX;@=RV8]-]T6CD;WKJZ&
M=@/_`,0TG=\Q:?S5KUOGD1J':()XLJ<X_P#VG*E+J:+Q-_2?]$_DJ_W//@'I
MOZMI_P!-JL:(B(B(B(B)E$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$5%OLC]
M1ZCAL=.X]YTQVZES>DCG^[F'G)\2O$<;(HVQQM#6,`:UHY@!T+TB+7KZJ.AH
M:BLF.(X(W2.^8#*Y+H?2%#JNS7"[WILO?%95/=%*QQ#F8YR.@@N)YQT+?XHU
MWH_PK-5B\VUF_O:49<T>9I.?^D_8O8U3KN_@16/3PH&XP^HJ`=QZ<%P`_`K+
M3]SJON<S:K5FH*FM?G/`PN(:/-D\WV`+HE%24U#2Q4E)"R&GB:&LC8,!H6<@
M$8.\+E^AR=/:\O>F7'9IZ@]\4P_$`?Z3C_2NH+EU6>5/=4AI?YZ"R-VG^(R`
M@G_Q;(_TE=1106N?@5J+ZMJ?TG*DKIU540TE+-5U,C8X(6.DD>[F:T#))^8!
M0XU78>+WW!U>&4S7MCVWQ/;M.<,@-!;EQ(W[@5+-GAJ:(5%/*R6&6/;9(PY:
MYI&00>D*#[GGP#TW]6T_Z;58T1$1$1$1$4'(3:KR)"3WC<'@.R=T<^,`_,X#
M'S@>-3B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(BA=57<6>U23-([XD\"$?\`
M-X_L&]:^C+0ZV6SA9P>_*K^)*7<X\0_')\Y*L2(BHO=<N1H]*.I(S_&KI6P-
M:.<MYW?D!]JLVF;:+18+?;L8=!"T/^ESN_$E2B(B+F7=3BDM5TL>K:=IVJ68
M138Z6YR/O&V/M5UOMZ@MFG*F\M<'QL@X2+_G)'@#[20JSW)+6^FL,MVJ<NJK
MG(97./.6`G'WDN/VJ_(H+7/P*U%]6U/Z3E25?M44CZ_3ETHHZ=]0ZHI9(^!9
M,(G29:06AY!#2>@D85(@H+Y#<*.\"WW:HM=#7"6"BJYFRU;0ZGDC>X;3SNVG
M,PTNS_.1@8"G;)9[W0Z'M]MAK(+?<(X]J4OA[X:P$N<68#FC(V@,@XW*(T-;
MM6/T78'T^IJ&*%UO@+(W6K;+&[`P"[A1GY\!3O%>LO*R@[']\G%>LO*R@[']
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ML?WR&V:R`R=66\#ZH]\JQ14EZU1<9'ONU/)W@<1U3J+^$X[61_"V]^<?W=`^
M96?BO67E90=C^^3BO67E90=C^^3BO67E90=C^^3BO67E90=C^^3BO67E90=C
M^^5#O5)?;UKZ@L-3>::IEH6\/P[:'8CB.`[PH]L[7,SI'.KYQ7K+RKH.Q_?)
MQ7K+RLH.Q_?)Q7K+RLH.Q_?)Q7K+RLH.Q_?)Q7K+RLH.Q_?)Q7K+RLH.Q_?*
M.U!IK5-UL]515>HJ&IC<W:$3;7L%SAO:`[A3LG(&_!7+J:X7C45#9M)=^AT;
MIA'P7>^R8FMYB7[7A``N.,#&R%UZFLFK::GBIX-4V]D,3`QC19^9H&`/ZRR<
M5ZR\K*#L?WR<5ZR\K*#L?WRAM8VW5K-(WY\^IZ&6(6^H+V-M6R7#@W9`/"G'
MSX6AEO\`:?O7447B;^D_Z)_)5_N>?`/3?U;3_IM5C1$1$1$1$1%"WN.2DFBO
M5,PN?3C9J&-YY(>G[6_S#[?&I>*1DT3)8GA\;VAS7#F(/,5[1$1$1$1$1$1$
M1$1$1$1$1$1$1$1$1$56UQ='TM"RW4N365IX-H;SAIW'[^;[5+:>M;+1:X:1
MN#(!M2N'QGGG]7V*31$7F5[(HWR2.#6-!<XGH`YUS3N61NNEVU!JF9N^IG,4
M1\3<[1'W;`^Q=-1$1$5.L>B::U:LK[^V</;/M&&'8QP)><NWYW]./,5<4106
MN?@5J+ZMJ?TG*DKJ:+Q-_2?]$_DJ_P!SSX!Z;^K:?]-JL:(B(B(B(B(A`(P>
M90=L_P"%W!]G?NII=J6B/B'.Z/[.<>8^93B(B(B(B(B(B(B(B(B(B(B(B(B(
MB(B(O$\L<$,D\SPR.-I<YQZ`%2M,127V^U.HJEIX&)W!TS#T?_X/Q)5X1$15
M/NF7/BO1]<YKBV6H`IV$?\W/_P"':6SH&V<4Z3MU*YNS*Z/A9-WQG^$?NR!]
MBL:(B(B(B*"US\"M1?5M3^DY4E=31>)OZ3_HG\E7^YY\`]-_5M/^FU6-$1$1
M$1$1$1:%YH75U)LQ/X.JB<)8)/['CF^P\Q\Q*]6FN%PHF3[!CE!+)8CSQO&Y
MS3]JW41$1$1$1$1$1$1$1$1$1$1$1$1$1$5.UO635,M+IVA.9ZIP,GF;G<#Y
MMQ)\P5GMM%#;Z&"C@'\.)NR#XSTG[3O6TB(A.-Y7)M7U\&L=6VC3ML<:BDI9
MC)5R1C+-Q&UO\0`(SS9=A=9````&`B(B(B(B*"US\"M1?5M3^DY4E=31>)OZ
M3_HG\E7^YY\`]-_5M/\`IM5C1$1$1$1$1$10=;_PFZMN+=U'5EL54.AC^9DG
M_P!)^Q3+)8GO>QDC'/8</:#DM/G\2]HB(B(B(B(B(B(B(B(B(B(B(B(B(B\R
M/9%&^1[@UC`7.)Z`.=4O1['76]7'4,S3LEQC@!Z!_P"@P/M*NR(B\3S101/F
MGD9'$P%SGO.`T#I)7++O?KMKBODL.E]N&V-W55<06[3?S`/0.=WF"O>E]-V[
M3=`*6ACR]V#+,X>'*?&?$/$.8*;1$1$1$1%!:Y^!6HOJVI_2<J2NIHO$W])_
MT3^2K_<\^`>F_JVG_3:K$2&@DD`#G)4/5ZFL=+(8Y;C$7#G$>7X^[*T)-;V%
MG--,_=T1'_*UI->6XG%+15D[O,T#_)7CE3?*C_W+34Y!YC)M8_(+?L&J(+A+
MWE71]YW!IV3&[<''Q#/3YC^*LJ(B(B(B*'U/17"X6N2FM\\<;G`A[7MSPC?[
M<]"@>Y[#4TDEUI*R)\4S7L<6OY]X(SY^;G5V1$1$1$1$1$1$1$1$1$1$1$1$
M1$1%5M>U[J>TMH8<FHK7<&T#GV>G[]P^U35CM[;9:J:B;C:C;X9'2X[R?O6^
MB(N9]TVIGN]YL^CJ.1P-3():G9/,WHS\P#G?8%?K/:J&S4$=#;H&PP,Z!SN/
M22>D^=;R(B(B(B(B@M<_`K47U;4_I.5)74T7B;^D_P"B?R5-TT^[,[FNF^)H
MHI*DV^F!X0C<W@QDC.[/,O(TM>;F0^^WEY:=_`Q'(_P!]Q4W0Z6L=&T!M"R5
MP^--X9_'<I".V6Z/'!T%,W'BB:/\+99''&,1L:T>)HPO:A-0:=HKS'M/'!53
M1X$[!O\`F/C"@*.^7/3M0VWZA8Z6G.Z*J;X1Q\_QOS'G5@@U/89\!ERA:3T2
M99^84E%6T<S=J&K@D'C;("LX<T[P0?F7U$1$6I<;C16V'AJVH9$SHR=[OF'.
M56>7MJVG9I:S8',[9;O_`!65FN;"YV3WPT\V^+U%6*W5U+<:5E522B2)V<'&
M"".<$=!6TB(B(B(B(B(B(L-754U'"Z>JG9#$.=SW8"BGZJL#.>Y1'=GP0X_D
M%K2:TT^S.*M[_HQ.]2UGZ\LC<[+:I_S1@?F5EMVL[76UK*4QS0;>YCY@`TGH
M&X[E:$1$1$1$1$1$5&I/^/ZVEJ?YJ.VC99XBX'=^.3]@5Y1$7B61D43Y9'!K
M&`N<X\P`YRN9]SF-]^U->M7U#3L.>8*7:Z!N_)H:/M*Z>B(B(B(B(B@M<_`K
M47U;4_I.5)74R0!D\RJ<&N+764SI;=35=9(ZO?04\,;6M=4R-9MES"YP&QLY
M=M$@$#=SC,Y;KC2W:SQ7*C<74]1%MLVA@CQ@CH(.01XPHSN>_`/3?U;3_IM5
MC1$1%BJ((*F,Q5$4<L9YVO:'#[BHF?3%@FSM6V%I/3'EGY%1TNA;&\DM[XCS
M_;+G'W@K"[0=`,\#<:R/_4T_X7SDC<(#FBU)5QGQ.S_AR^<6ZUI1_`O,%0/%
M)SG[V_Y6Q8]4/=4FUWV,4M>T[(<1LM?ZC^!5L7B66.&-TLKVLC:,N<XX`'G*
MIU9JBMN-2ZATS2&9P_FJ'CP1YP#N'SG[EDMVD!+-W[?JIU=4NWEA<=@>;/.?
MFW#S*UQP01Q-ACBC;&T8#`T``?,L<M#12@B2D@?GGVHP<JDL<_1U^V'%QL]8
M=Q._@SZQ^(^97YKFN:'-<"",@@\Z^HB(B(B(B(B)E5V_ZIH[6XTT`[ZKCN$+
M#_*?^8_XYU$T>G[E>ZAMPU),YK!O92-.,#Q'^W\_&58(]-6%G\MKIS])N?S6
MS':+3'_);:0;L?T6^I;#*6E9_)3PM^9@"C]062DO-&890&2MWQ2@;V'_`"/&
M%!:?O=3;JP6&_'9F;@0SN.YXZ`3T^8_8=ZNB(B(B(B(B(H35=XCM%JE?M@5,
MK2R$=.UX_F'.L.BK8;;9(^%:6U%0>%DSSC/,#]G^5841%1^ZO=S;M,/I(2>^
M;@[O=@'/L_&_#=_J4]I"T-L>G:&W8`D8S:E(Z9#O=^)_!32(B(B(B(B*!US\
M"M1?5M3^DY4I=%O5NBN]JJ[9--/#%4QF)[X'[+PT\^#@]&Y5"GT;<K94&OH;
MBRKJHKHZM@BJ@(XRQU.(2PF-G@G&\$`CP0,<Y4M0Z8;3:1H['/7U;7T[-I\]
M'.^!SW[R[!:<[.7'=\R@-#:4IJC1=@G=>+\PR6^!Q;%=9F-;E@.`T.P!Y@I[
MD;2]=ZC[8G]I.1M+UWJ/MB?VDY&TO7>H^V)_:3D;2]=ZC[8G]I.1M+UWJ/MB
M?VDY&TO7>H^V)_:3D;2]=ZC[8G]I.1M+UWJ/MB?VDY&TO7>H^V)_:3D;2]=Z
MC[8G]I.1M+UWJ/MB?VDY&TO7>H^V)_:6&?0MMF#G27"[32[!:Q]3723AGV/)
M"JE72U=GKGQ7ZMOI@<W$,M'<Y8F;AN`:'`?/TCSK;L>GKE>2Z6JK+E%:7N#F
MQU=9).YV/[=L_C]P5C9HBVQ%XI[E?*=CG%VQ#=)F-!/B`.%[Y&TO7>H^V)_:
M3D;2]=ZC[8G]I.1M+UWJ/MB?VECGT10RQELEUO<N,EHJ+C+*P.QN):XD%5NR
MVT.NTUEN]TO--4LP(13W*6*-P`Y@T'`W;QXU:.1U+UWJ/MB?VDY&TO7>H^V)
M_:3D;2]=ZC[8G]I.1M+UWJ/MB?VDY&TO7>H^V)_:3D;2]=ZC[8G]I.1M+UWJ
M/MB?VDY&TO7>H^V)_:3D;2]=ZC[8G]I.1M+UWJ/MB?VDY&TO7>H^V)_:3D;2
M]=ZC[8G]I.1M+UWJ/MB?VDY&TO7>H^V)_:3D;2]=ZC[8G]I.1M+UWJ/MB?VE
M7M46V"SB""BO&H)KC,X<'&Z[3.`&><M+M^>;"E:'0E$(*>:IJ[A#7-:2]])6
M/AWGG'@D9\65N<C:7KO4?;$_M)R-I>N]1]L3^TG(VEZ[U'VQ/[2<C:7KO4?;
M$_M)R-I>N]1]L3^TL%3H:@F8XFY7:68-(C=55TD[6$].RXD="KEMHB+Q):;]
M=;Y3U)=_"?#=9HXW>(`!V`#T?=SJU<C:7KO4?;$_M)R-I>N]1]L3^TG(VEZ[
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MCS+0VO,W[EU%%XF_I/\`HG\E7^YY\`]-_5M/^FU6-$1$1$1$18YX(:AFQ/$R
M5F<[+VAPS]JR<R(B(H'4VGX[Q&R:&3@*Z'^E*-WGP<;_`+>A1M@U)-%4\3W]
MI@K6$-;*[<)/%GHR>@\Q5P1$1$1$1$1:=UN$%LH9:RH/@,&X=+CT`><JKZ1M
M\]QK9-2W,9EE)[W8>9HYLCS8W#[3TJZ(B(B*&U)8J>]49C=AE2P9BEQ_*?$?
M,5$Z8OE1%4\07H&.NB\&.1QSP@Z`3TG',>GYU;T1$1$1$4=<+U:[=D5=;$QP
M^(#M.^X;U48&3ZSN_?$S7LLU*[#6'=PA]9Z?$-ROS&M8QK&-#6M&``,`!?41
M%$ZHNS+)8:VYNQM0QG@P?C/.YH^\A5GN2VE]'IY]SJ<FJN4AF<YW.6;]G[][
MO]2OB(B(B(B(B(H+7/P*U%]6U/Z3E25U-%XF_I/^B?R5?[GGP#TW]6T_Z;58
MT1$1$1$1$1$1$11-_L='>J;@YV[,K1_#F:/"9ZQYE6J&]W'3<HMM_BDEIANA
MJF#:W?Y'XCSJY4-;25\`GHYV31GI:>;Y_$ME$1$1$1%K5]=2V^F=4UDS8HF]
M)Z3X@.D^94@FJUI<X3P,D-EIW$DN_P"\/K/-NYAE7Z-C8V-C8T-8T```;@/$
MO2(B(B*#U+8(+U`'`B&LC_I3#H\Q\WY*&MFI*RUU(M>I8W1O&YE3C<X>,^,>
M<?:KFQ[)&->QP<QPR'-.00O2(B(H*_:DHK,]D,C))ZAXR(HL9`\_B4/RBU+7
M?_ANGW1M/,^;/^=D+YQ/JVZ;KE=64D)YXX.<_P#3C\2I&WZ-LM(0^6)U5)SE
MTYR,_1&[[U8HHXX6".*-K&#F:T8`^Q>T1$7,.Z3+)?=0V;1U*XXD>)JDM^*-
M^/N:''[0NF011P0QPQ-#8XVAK6CH`&`%[1$1$1$1$1%!:Y^!6HOJVI_2<J2N
MIHO$W])_T3^2K_<\^`>F_JVG_3:K&B(B(B(B(B(B(B(L513P5,3H:B)DL;N=
MKVY!51KM(S4DYK=.UCZ6?GX)SO!/F!_P<A>(=6UUM<*?4-KEB<-W#1C<[SXY
MON*LEMO=KN0'>E9&]Y_[LG9=]QWJ21$1$106HM14MF8(\</6/'\.%IW_`#GQ
M#\U"T&G[A>ZEMRU(]P9SQT@\'`\X^*/-SGI5TABCAC;%$QK(VC#6M&``O:(B
M(B(BT[G;J.YTSJ:LA$C#S'F+3XP>@JGMI[]I.8]Z,?<;423P>#M,^P<WSC<?
M,I:VZRL]60R=[J27F+9A@9^D-WWX5CBDCE8)(GM>P\SFG(/VKVB*`U1?X[/`
MV*)O"UTPQ%$-^.C)\WFZ5J:5T_)3/==KKF6YS':\,YX//^?RY@K4B(B(BQ54
M\5+335,[PR*)A>]QZ&@9*YOW,8);Q=[QK&L8=NHD,5.#\5N[./F`:W["NFHB
M(B(B(B(B*"US\"M1?5M3^DY4E=31>)OZ3_HG\E7^YY\`]-_5M/\`IM5C1$1$
M1$1$1$1$1$1%YDC9*PQR,:]AW%KAD'[%7+CHZS5A+XHG4DN<[4!P,_1.[[EH
MC14T?]"_UL>!@<_^"$=IG4$.^FU/.2!N$FUC\RO@.NJ'G%+7L'S9/_E*<IM0
M@<$[3$QG\8VMG\O\K[QAK>I'\&TT]./&\C/XN_PL0OU_LD[1J&E$U+)C$T`'
M@>;=N/S'!5NH*^DN%.*BCG;+&>D=!\1'05"ZFU&VVXH:%O#W.7`9&!G8SS$C
MQ^(+%IK3CJ64W2[.X>YR$NRXY$>?S/GZ.8*THB(B(B(B(HZXV6V7('ORCC>[
M^\##A]HWJM3:4N%K>:C3ERDC/3!*=SOMYC]H^U>Z75U113"DU%;Y*:3F$K&D
MM/GQZB5+5&K+!"S:-P8_(R!&TN/X!1,^N:>0.CMENJJF7!V26X&?F&2LNE[#
M.9S>[WF2X2G:8U__`'8\>.@^;H"MR(B(B(J!W6[I)!9H+)29=67.41!@YRP$
M9^\EH^TJV:<M<=ELE%;(\$01AKG#XSN=Q^TDJ31$1$1$1$1$4%KGX%:B^K:G
M])RI*ZFB\3?TG_1/Y*O]SSX!Z;^K:?\`3:K&B(B(B(B(B(B(B(B(B(B(O$T4
M<T3HIHVOC>,.:X9!'S*G5^EJR@J'5VF:ET$A_F@+MQ'F)_(_>I'3.G&6S:K*
MU_?%REWOE=OV,\X!/3XSTJQHB(B(B(B(B(L-52T]7"8:F".:,\[7M!"C:;35
MCIG;4=M@)\;P7_GE2L<4<30R*-K&CH:,!>T1$1$18*VKIZ&EEJZN9D-/$TN?
M(\X#0N9:<,NL]>OU(Z"1MIM[=BEX08R\<WV[RX^+P5U1$1$1$1$1$1%!:Y^!
M6HOJVI_2<J2NIHO$W])_T3^2K_<\^`>F_JVG_3:K&B(B(B(B(B(B(B(B(B(B
M(B(B(B(B(B(B(B(B(B(B(BP5M73T-++5U<S(:>)I<^1YP&A<K>ZY=TR[<''P
MM'IBDDWNYG3.'_U?@T>==3H**EMU'#144+(:>)NRQC1N`6PB(B(B(B(B(B@M
M<_`K47U;4_I.5)72;I+60VZJEM],VIK&QN,,+G[`>_&X%W0,]*I-'JV\U<@M
M<+*!]Q?<W4+*HQ2,APV#AGN,;CM[L%HWX.X@XW*P6G4-+7Z7I;S720T+:B,A
MPEE`:UX)!:''&=[3CS*)T%?K'#H?3L4MYM[)&6ZG:YCJE@+2(QD$95AY1Z?Z
M\MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ^M.4
M>G^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?
MK3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ^M.4>G^O+;
MZ7'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_
MKRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY
M1Z?Z\MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ
M^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\M
MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ^M.4>G
M^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K3
ME'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7
M'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_KR
MV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z
M?Z\MOI<?K3E'I_KRV^EQ^M.4>G^O+;Z7'ZTY1Z?Z\MOI<?K7SE'I_KRV^EQ^
MM<UU5=*75FL(K"^\0TMBI6\)-+PS6ME<-YP2<$[P!SXWE="H+MI6W4<-%176
MUPT\3=EC&U4>`/O6SRCT_P!>6WTN/UIRCT_UY;?2X_6G*/3_`%Y;?2X_6G*/
M3_7EM]+C]:<H]/\`7EM]+C]:<H]/]>6WTN/UIRCT_P!>6WTN/UIRCT_UY;?2
MX_6G*/3_`%Y;?2X_6G*/3_7EM]+C]:<H]/\`7EM]+C]:<H]/]>6WTN/UIRCT
M_P!>6WTN/UIRCT_UY;?2X_6G*/3_`%Y;?2X_6G*/3_7EM]+C]:<H]/\`7EM]
M+C]:<H]/]>6WTN/UJ#UK?[%+H[4$<=YM[WNMU0&M;5,))X)VX#*KVR[Q'[ET
M>ZT$-SMU103NE9'.PM+HGECV^(M<.8@[U!'2$!<ZJ==:\W4U+:D7'^$)6N$9
MC`#=C8V=ASAC9WY)Y\%2,%AM=)88+-WI'/1TT>RQE0T29(!\(Y&]Q))SXR5`
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M';?1(_4H35U-IVP:?J[D;);.$8W9A::6/PI#N;T>/?\`,"HKN9Z3H8M-QUET
MM]//45KN&#9X6NV&?%`!&[(W[O&KAR=L'4=M]$C]2<G;!U';?1(_4G)VP=1V
MWT2/U)R=L'4=M]$C]2<G;!U';?1(_4G)VP=1VWT2/U)R=L'4=M]$C]2<G;!U
M';?1(_4G)VP=1VWT2/U)R=L'4=M]$C]2<G;!U';?1(_4G)VP=1VWT2/U)R=L
M'4=M]$C]2<G;!U';?1(_4G)VP=1VWT2/U)R=L'4=M]$C]2<G;!U';?1(_4G)
MVP=1VWT2/U)R=L'4=M]$C]2@]:V"QQ:.U!)'9K>Q[;=4%KFTS`0>"=O!PJ]M
M.\9^]=21>)OZ3_HG\E7^YY\`]-_5M/\`IM5C1$1$1$1$1$1$1$1$1$1$1$1$
M1$1$1$1$1$1$1$1$7+=9N=JO7%NTK"7&CHSPU86G=S9/W-P/G>NHL:UC&L8T
M-:T8`',`OJ(B(B(B(B(B(B@M<_`K47U;4_I.5)74T7B;^D_Z)_)5_N>?`/3?
MU;3_`*;58T1$1$1$1$115WU#9+/NN5RIZ=^,\&YV7D?1&_\`!4^M[J5K,G`6
M>W5MRGY@&LV`?S=^"P"_=TJX#-%IFGI&.YG3[B!_J</R7WBWNIUV>&O-#0M/
M0S9R/N:?S7T:+UE,?^TZYJ6[\_PP_P!H*'U-I6_:;MS;]3ZEKJZ6DE:]S'EP
M#6YY_P"8Y&<9'B)74K%<X;Q:*2YP?R5$8=C^T]+?L.1]BD$1$1$1$1$1$5?U
M=JB@TQ0MJ*H&6>0XA@80'//2<]`'25MZ<OE#J"V1W"A>=D^"^-W\T;NEI\ZE
M41$1$1$1$5,UWK&73-3;J:EH6UDU27.?&7$$,&.;`.\D_@MK36N+#?\`8BAJ
M.]ZL_P#P\Y#7$_\`*>9WV?<K2B*(U)?:*PVR>LJIHQ(UA,43G`.E=C<T#G.]
M53N3VJ5M!5:CKLNK;I(7AYY^#SG/VNR?F`70D1$1$1$1$1$1$4%KGX%:B^K:
MG])RI*ZFB\3?TG_1/Y*O]SSX!Z;^K:?]-JL:(B(B(B(B\O>UC'/>X-:T9))P
M`%SB_P"N:RY5IL>BH#5U;MSZL#+&#I+<[O\`4=WBRMG3_<XMT(=6:B<;K<IC
MM2.D<XL!_-WSG[@KO14-%0Q\%14D-/'_`&Q1AH_!;*(L553Q5=--2SL#X96%
MCVGI:1@A<U[G,\^G]17/1=:\EK7&:D<?C#G./G;@_.'+IZ(B(B(B(B(BB-37
MZAT[:Y*^M=G&Z.('PI7]#1Z^@*C:.L%9J2YG6&IV!XDWT=,X>"&]#L?VCH!Y
M^<]"P7VTU^@[P=1V"-TEGE([\I`=S!G\&^(_%.[F*Z/8[O17RVQ7&@EVX9-V
M#N<QPYVD=!"D$1$1$1$1%S&G_P".=V&:7^>"T0;(\0=C'_F>[[E8M2Z$L-]V
MIG0=ZUAW]\4X#23_`,PYG?GYU6XK7W2[".`MU?376D8?`;.078\7A8(^;:*R
M\N-5VW/'>C9]D<\E/M8_)P_%8'ZMU=JAQI]*VAU'3YP^LJ,9;X]Y\$?9M%;]
MH[FU*9^_]35TUVK7'+@YQ$?S'.]WX#S+H$,4<,3(86-9&QH:UC1@-`Y@`O:(
MB(B(B(B(B(B*"US\"M1?5M3^DY4E=31>)OZ3_HG\E7^YY\`]-_5M/^FU6-$1
M$5-UIK%UCJ:6UVNE;77>H(V8,G#0>;.-^3T#YRH8U/=6KOZ=#;K>T]+BTD?>
M7?DG$'=,>3,[55*V0C^0#P?_`"87TT'=6@!V+Q;J@`;LAN_[V!._NZI1;Y;5
M;ZUH_L+<_@X?DOG+K5-&/^*:)J@!SNAV\?\`E(_%>>56N[UNL>EQ20NYIJK/
MWY=LC\"O+M%ZOOC<:DU.60/_`)J>G&6GS8&RW\"KW8+%;+!1"DMM.(V\[WG>
M^0^-QZ2I1$5&UMKP::JA0LM4\U0YFTR21P9$X>8[R<=.X*;T7<;A=M/4USN0
MB;-4ETC61-(#69PT;R<[AG[5/+G'=5M]12NM^K;<,55ND:)".EF=Q/F!)!\S
MBKU9KC!=K72W*F/\*HC#P/%XP?.#D?8MU$1$1$1$1%'7R\V^Q4#ZZXSB.)NX
M`;W/=_:T=)7.;%;:W7U[Y1WR-T=F@<124ISB3!_$>,])W<P75@`T``8`Z`OD
ML<<T3XI6-?&]I:YKAD.!YP0N65=EOVB+V^OTM22U]HJ=\M$,NV#XO'NZ'#/B
M*W(>ZG20/X.\V.X4+^G<'#\=DJP6_7NE*[9#+O%"X_%J`8_Q(Q^*L=-54U4S
MA*:HBF9_=&\.'X+,B(B(B+#65$=)23U4IQ'#&Z1Q\P&3^2Y[W'J>2>CNU^J!
MF:OJCO//@9)_\3C]RZ0B)A$1$1$1$1$1$1$1%!:Y^!6HOJVI_2<J2NIHO$W]
M)_T3^2K_`'//@'IOZMI_TVJQHB(J]K/4M-IFT.JY,/J9,LIX2?YW>?S#G/\`
MZJ`[G>FZF-\FJ+[M27>MR]HD&^)I\W02.CH&!XUT!$1$1$11E\O$%HIF/>Q\
M]3,[@Z:FBWR3O_M;_D\P&\J".D(KQ0UDNI2V>Y5HWOC.ZD`_E9$3S`=)^,<Y
M\2M-#2QT5%3T<(Q%!&V-OS`8'Y+.L%;2PUM'/1U+`^&9AC>T]((P5SCN:5<]
MEO%ST7<'G;@D=+2D_&;SG'SC#O\`J73D1$1$1$1%7]6ZIMVF:+AJMW"5#P>!
MIVGPI#_@>,JF6/3-TU=7LU%J_:;2\]-0;VC9Z,CH;YN<].Y=1C8R-C8XVM:Q
MH`:UHP`!T!>D18YH8IV&.:)DC#SM>T.'XJ`K]%:6K]HS66F:X_&A'!'_`,.%
M7*GN5VMC^%M-UKZ"3G!:\.`_(_BM2PZ@NNE+V=/:MJ))J>9V:6OD<7#'-O)W
M[/S[VGS;UU$'(1$1$14WNJ7#O#1E8T'#ZHMIV_ZCX7_A!4MHNW<5:7ME$X8>
MV$.D^F[PG?B5.(B(B(B(B(B(B(B(B(H+7/P*U%]6U/Z3E25U-%XF_I/^B?R5
M?[GGP#TW]6T_Z;58T41==26*TYXPNE-"X?$V]I__`$C)57D[JNE6/<T&M>`?
MYFP8!^\@KS_[5]+?VUW_`,D>THO2ENJ]:7]VK;W%BWPNV:&F=O:<'=\X!WD]
M+O,%U5$1$1$11M\N]/9Z032M=+-([@Z>GCWOGD/,UH_ST#>5I6&T5#)W7F\N
M9+=YF[)#=[*5G/P4?F\9YW'[%/HB+G7=1M%1#WKJVU>#7VYP,A`_FC!W$^/&
M=_F)\2N6G;O3WRSTMSICALS?"9G>QPW.:?F*DT1$1$1$6&LJ8**DFJZF01P0
ML+WN/0`,E<PT-;CJR_U^L+O`'PB38HXI!EHQS''3LC'^HD]"ZJB(B(BAM3Z>
MH-1VUU%6LP1OBF:/"B=XQ_D=*I.D=05VFKD-(ZJ<6@$-HZMQRTMY@-KI:>@]
M',5T]$1$1<Q[H_\`Q?5NFM-MWL=)P\P']N?9:_[UTX<R(B(B(B(B(B(B(B(B
M(H+7/P*U%]6U/Z3E25T._P`LT%DKYJ>M@HIF0/<VIJ!F.$@?SN'2!S_8J!1U
M6H):JAMO&UVCM=SKN#IZVLBCCK'1LIY)'X&P`UKG,;L[30[&UNQA6*R:C<_1
M-!>+JV>669A8]U)2OF+W`N;M;$8)`.SG.,#*A=&:RLUOT-8FU<5U8V"W0"23
MBJI+!A@!.V(\$><'"]W+NGVPB.#3]'4W2KE'@-$3F`?."-H_,!]JJ#Z[4>HY
M9':@K[U:Z7)`IJ2SU3LC_2S&/.25+6JSZ!H</GMNH:Z7I=4VBK()^B(P/ORK
M3%?-*11MCBL5P8QHP&MT]4@#_P#J7KE!I?J6Y?\`\?J?VEM1ZPLT;&LCHKTQ
MC1@-;9*L`#_Y:]<L[3\DOG8M7^VG+.T_)+YV+5_MIRSM/R2^=BU?[:<L[3\D
MOG8M7^VG+.T_)+YV+5_MIRSM/R2^=BU?[:<L[3\DOG8M7^VG+.T_)+YV+5_M
MIRSM/R2^=BU?[:P5FO+-319[UNYF=EL,3[741F9^-S&E[`,GQ*'LM\H15F]7
MJFO,MUD;LL8VS59CI(S_`-VS^'S_`-SN<GS*?Y9VCY)?.Q:O]M.6=I^27SL6
MK_;3EG:?DE\[%J_VTY9VGY)?.Q:O]M.6=I^27SL6K_;7F75]EFB?%+0WI\;V
MEKFNLE600><?TUS_`$C?J?2.H:VVRMN`LE6XOI>%HIF2!VX#$9:'G/\`+N&\
M@+H7+.T_)+YV+5_MIRSM/R2^=BU?[:<L[3\DOG8M7^VG+.T_)+YV+5_MIRSM
M/R2^=BU?[:<L[3\DOG8M7^VG+.T_)+YV+5_MIRSM/R2^=BU?[:<L[3\DOG8M
M7^VG+.T_)+YV+5_MIRSM/R2^=BU?[:I'=%U6R\T]/IZT1UX?.\.J6R4,S)`P
M;P!&6A[A\;<#N:K7:-16"TVRFMU)17P0T[`QO_!:O?XR?X?.3D_:MSEG:?DE
M\[%J_P!M.6=I^27SL6K_`&TY9VGY)?.Q:O\`;3EG:?DE\[%J_P!M.6=I^27S
ML6K_`&TY9VGY)?.Q:O\`;3EG:?DE\[%J_P!M.6=I^27SL6K_`&TY9VGY)?.Q
M:O\`;4!JZMTWJ:V]ZU-)?(YV9=!.+)5DQN_^7O!Z0H?26NY[&TVG53*P0L!-
M-5R4TK7N:-V"QS0\C=N.,]!\:N_+.T?)+WV+5_MIRSM/R2^=BU?[:<L[3\DO
MG8M7^VG+.T_)+YV+5_MIRSM/R2^=BU?[:<L[3\DOG8M7^VJ%9K[15G='N>H9
MX;A)2PQ\#3\!033.;N#?":UA+-P=N<!SE7WEG:?DE\[%J_VTY9VGY)?.Q:O]
MM.6=I^27SL6K_;3EG:?DE\[%J_VTY9VGY)?.Q:O]M.6=I^27SL6K_;3EG:?D
ME\[%J_VTY9VGY)?.Q:O]M.6=I^27SL6K_;3EG:?DE\[%J_VTY9VGY)?.Q:O]
MM.6=I^27SL6K_;3EG:?DE\[%J_VTY9VGY)?.Q:O]M.6=I^27SL6K_;3EG:?D
ME\[%J_VTY9VGY)?.Q:O]M.6=I^27SL6K_;3EG:?DE\[%J_VTY9VGY)?.Q:O]
MM.6=I^27SL6K_;3EG:?DE\[%J_VTY9VGY)?.Q:O]M.6=I^27SL6K_;3EG:?D
ME\[%J_VTY9VGY)?.Q:O]M.6=I^27SL6K_;4-K'5MKJ-(WZ!E+>0Z2WU#07V>
MJ:T$Q.YR8\`><[E&;)\8^]=*KZ*DN-'-15U/'44LS=B2*09:\>(A19TII\TD
MM)Q9#P,CVR.`+@=L9PX'.0=YW@])4I'3P4E"VEI860P0Q[$<;!AK&@8``Z!A
M4VQ6"BU'W,],4%>^9L+:&EE_A/V22(Q^&]6>RV*TV2'@K90Q0`C#G`9>_P"=
MQWE2:(B(B(B(BCKU=:6T4??%1MN<YP9%#&-J29YYF-'23_ZJ/LMJJI*SCR^;
M+KDYI$,#3M1T3#\5OC<?C.Z>8;E841$1%3^Z1IUU]L9EI6GC"C)FIRW^9WC:
M/GQN\X"S]S_4;=16&*65X[^@Q%4MZ=H<SL>(C?\`/D="M*(B(B(M.[W"GM5L
MJ;C5.V88&%[O/X@/.3@?:J#W,;?47*LK]9W1N:FM>YM.#\1F=Y'FW!H\S3XU
MTI$1$1$1%#ZFT];]1VYU%7,.1X44K?YXG>,?Y',50++J"YZ&KVZ?U3MR6W?W
MK6M!=AOB\9;YN=OG"Z':[]9KLT&W7*FJ"?BLD&T/G:=_X*3R!O4)=-5Z=M>1
M67>F8\<\;'[;_P#I;DJ,HNZ)I*K.SQF(#G'\>-S!]^,*5K]06V*RUURI*ZFJ
M&T\#Y!P4H?O`W<Q\>%6NX]0.I],25\H_C5\[I"[Q@>"/Q#C]JOZ(B(B(B(B(
MB(B(B(B(H+7/P*U%]6U/Z3E25U-%XF_I/^B?R5?[GGP#TW]6T_Z;58T1$1$1
M$1%HWBZ4EHHG5=6YVSD-8Q@VGRO/,QHZ7'Q*+LUKJZBO%_OC6BO+2VGI@<LH
MXSSM!Z7GXSOL&Y6)$1$1$7,]5Z5K[-<CJK2.TVH!+JBC:,MD!WN('2#TM^T;
MU:-&ZKH=34.W$1%6Q@</3$[V'QCQM\_WJR(B+5N5PI+712UU=.V&GB&7/=^7
MG/F7/HNZQ;.$+JBT5\=*7$,G&RX.`//C=]V2I^@[H&DZUHV;M'`X_%J&F/\`
M$C'XJ-NW=/L%*_@;<RHN50=S6PMV6D_.=Y^P%0=?#K?738:2KMC+39S*U[R\
MEKR!\^\^;<!G"ZG14L%%204=,P,@A8(V-'0`,!9T1$1$1$1:U=0T5?"8*ZEA
MJ(O[)6!P_%4ZZ=S+3583)2QST$O0ZGDW`_1=G\,*,_\`9O=)_P#LU?J^NFH&
M?R1`.SCSY<1^!4W:^YSI6@P74!JWCXU2\O\`_#N'X*4K=(Z9K1BHLE'S8RR,
M1G[VX*K==W*M.3ESJ26LHWGFV)`\?<X$_BKM::""U6VEMU-G@:>,1M)YR`.<
M^<K<1$1$1$1$1$1$1$1$1%!:Y^!6HOJVI_2<J2NIHO$W])_T3^2K_<]^`>F_
MJVG_`$VK1H=7!UPN(J>"?1M.W2F#>_@VR<%(Y^_H<0[Z)6[6:MMU+*^-T<AX
M-TFV2YC?!8[9<X9(VO"#A@;_``3NYLY)=2Q,CJ)6T4_`Q3NIQ*]\<;'N;G:(
M+G;ANW9YR=W2O,>J:65T#X**KEII#`QT[6MV8WR[.PT@G/,YN2,@9"S6G4=#
M=*PTM/G):Y\3BYIVVM(!.`<MYQN<!D+#<+Y64-5=FRTD?`TE&*B'#\NE)<X;
M_P"T9:/'_A;=MJZV:6X4%4^'OJFV`)HF$-.VW(.R2>8YZ=^!S*%&J*J)\3*R
MG;$^G=WO5`X:)*@@EK6.<0`W9!?D]!:.<K>FU90QT]+4\#*89^=Q<P;)V]@@
M`N\(@\^SG=OZ0MV.],?17*M[TG9!0F5NT_9'"F,N#MD9YLMQDX474W*\6ZBI
MJZJFIY15@M,38\"!Y8YS-DYRX`C!SSYR,<R^P:BJ*A]K;%2NX.>H9!-4$#8+
MN"<YX:,Y&",9QC<0L=\OE51U]QC;61P,I::.9C32NDVR0\D$@[AX(7V:\6A]
MYH75U(#7T[6Q[8D:[@))6M.&MSEW.!M`'GY^=;--JB&HM[ZUE'((PY@:3+&&
M^$#_`#.VL,(QO!W@D#I6%NK(-]46_P#998('0,<6M<9'NE!!<3L@?P^?.-W3
MD+9K[Z':8J+O0$-<P$#;`?LN#]EV<'!QOYCO6M!?JFGEECFBFKXW310TTD5/
MP)?(X.):0\@8:&@[7_-CH6Q1ZAX4-C92U-4]I)F=#$!P33*YC<MVB3_*>;.X
M9W<RS6G4=#=*PTM/G):Y\3MMIVVM(!.`<MYQN<!D*;1$1<]U;HVK9<&ZCTD\
M4MU8XNDB:0ULV><C.[)Z0=Q^=8[5W28H9Q;]4VZ:UU@W%Y83&?/CG'XCSJ_T
M=72UM.RIHZB*>%XRV2-P<T_:%G6A>;M0V6@EK[A.(H6#[7'H:T=)/B7,Z.CN
MW=(N3;C<A+1:=@=_!@!WR_,>D^-W1S#I*ZG!14D%&RBBIHF4S&[+8@T;('BP
MH:OT;I>O<75%EI=H\[HF\&?O;A;]IL5HM#-FVVZGI_&YC/"/SN.\_>I)$1$1
M$1$1$1$1$1$1$1$1$1$1$1$1$1$4%KGX%:B^K:G])RI*ZFB\3?TG_1/Y*NZ`
M;M]S_3K-IS=JUTXRTX(_ACF6\=/6HP4L`I]EE-$Z%NR<%S',V"''IR/'T@%8
MQIR@9%3Q025,#8H!3NX.7!EC!SAQY\YR<C!WG?O7N>P44IC<U\\4D<\L[7L>
M,ATF=OG!W')\XZ"%$C2TT-13P4M3L6^.6GE.U(2YQBQC+<8)\%HSD;@,@D94
MY;;13V^3:AEG<QK2R*)[\LB:3DAHQ^>2!NYEDJK71U<E3)/&7]\4_>T@+MQ9
MDG[#X1WI;;=%0<,YLLTTT[@Z269P+G8``Y@!N`\2Q5%FI9G22!\T4SZ@5(E8
MX99(&!F1D$8V1C!!&\K4JM,4-0,.GJVET+87N;+ESPUY>"203G:).[`/,1C<
MI6FHH*>FDIFM+HY'R/>'^%M%[BYWWEQ4<S3M&&QQ23U4T$+',@ADERV$%I;X
M.[)(:2`23@'<OD&FZ*"JAGCFJA'#*)F0<+_#$FQL[6,9R03TXSOQE;S[;3/D
MK)'!VU5Q-BE\+G:`X#'B_F*U(K!1Q2-<R:J;'AFW$)<-D+&!C7'&_.`.8@'`
MW+"-,T>TR4U-4ZH8]CV3N<TO;L!P:/Y<.W/=O()W\_,OL.F:""!D<4M2'Q['
M!RF3+X]ESW-QD8/]1PW@Y!WY6\^U4TEL-ME=+)"[>YSGDO<=K:R3\ZSU5'#5
M/IGRAV:>43,P<>$`1O\`L<5&MT[0L>'0RU,0..$:R7`E`D+P';L[G.=S8W''
M,MBW6BGM\FU#+.YC6ED43WY9$TG)#1CQ^/)`W#<I)$1$6C=;3;;O3FGN5'%4
MQ=`D;DM^8\X/S*AU'<XJZ"I=/I;4-3;FR;GQ.+B/O!&?M!^=>.1VNO+>7[W^
MM>J;N>7.NKX)=4Z@DN=+!DMAR[>3T9)W#QXWE=(BBCAB9%$QK(V`-:UHP&@<
MP`7M$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$4%KGX%:B^K:G])RI*ZFB\3?
MTG_1/Y*O]SSX!Z;^K:?]-JL:(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B
M(B(B(B(B(B(B(B(B(B@M<_`K47U;4_I.5)74T7B;^D_Z)_)5_N>?`/3?U;3_
M`*;58T1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1$1%
M!:Y^!6HOJVI_2<J2NIID+Q-_1?\`1/Y*O]SSX!Z;^K:?]-JL:(B(B(B(B(B(
MB(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B@M<_`K47U;4_I.5)7
M4)F<)$^,/>S;:6[;#AS<](\ZY5!#%!8['27NID?9&WVO972ULO@R-#ZC@N&<
M><%X;S[B=GS*RZ;J[W'H"U3Q6^6XUKX@.#FG$3S&2[9<7.Z=G9Y]YRM33=1J
M^S:>M=I?I%LKZ*ECIW2-N40#RUH&0"/,L]TN>N*BF9'0Z6%-*)XGN>;E$<L:
M]I>WF^,T%OVK<XZU9Y&?[G%ZEIRW/7#KK35+-+!M$R"1DM/QE%F1Y+"QV<?%
M#7C_`%+<XZU;Y&?[G%ZEI6^YZY@EKG5>EQ4,EJ#)`T7*(<#'LM`9S;]X<?\`
M4MF>\:P?!(R+1^Q(YI#7\9Q'9.-QYEBMMUUM3VZD@K-*"IJHX6,FF%RB'"/#
M0'.QC=DY/VK'<[GKFHCIVT6EQ3.94122$W*([<;7`O9S?&&1]JW>.M6^1G^Y
MQ>I:3KGKDW>.J;I<"A;3OC=3<919=(7-+7YQT`.'VK=XZU;Y&?[G%ZEI6^YZ
MY@EKG5>EQ4,EJ#)`T7*(<#'LM`9S;]X<?]2V9[QK!\$C(M'[$CFD-?QG$=DX
MW'F6*VW76U/;J2"LTH*FJCA8R:87*(<(\-`<[&-V3D_:L=SN>N:B.G;1:7%,
MYE1%)(3<HCMQM<"]G-\89'VK=XZU;Y&?[G%ZEI.N>N3=XZINEP*%M.^-U-QE
M%ETA<TM?G'0`X?:MWCK5OD9_N<7J6E;[GKF"6N=5Z7%0R6H,D#1<HAP,>RT!
MG-OWAQ_U+9GO&L'P2,BT?L2.:0U_&<1V3C<>98K;==;4]NI(*S2@J:J.%C)I
MA<HAPCPT!SL8W9.3]JQW.YZYJ(Z=M%I<4SF5$4DA-RB.W&UP+V<WQAD?:MWC
MK5OD9_N<7J6DZYZY-WCJFZ7`H6T[XW4W&4672%S2U^<=`#A]JW>.M6^1G^YQ
M>I:5ON>N8):YU7I<5#):@R0-%RB'`Q[+0&<V_>''_4LU;=M9S4=1%3:2X&=\
M;FQR\91'8<00'8QT'!2BNVLXJ.GBJ=)<-.R-K9)1<HAMN`&78QTG)6&Y7+7-
M1WIWEI@4W!U+))LW&(\+$,[3.;=G=]RW>.M6^1G^YQ>I:7&6NN..^N3`[Q[V
MX/O;C&+/"[>=O./[=RW>.M6^1G^YQ>I:5MN6N:?OOOW3`J>$J7R0XN,0X*(X
MV6<V_&_[UFK;MK.:CJ(J;27`SOC<V.7C*([#B"`[&.@X*45VUG%1T\53I+AI
MV1M;)*+E$-MP`R[&.DY*PW*Y:YJ.].\M,"FX.I9)-FXQ'A8AG:9S;L[ON6[Q
MUJWR,_W.+U+2XRUUQQWUR8'>/>W!][<8Q9X7;SMYQ_;N6[QUJWR,_P!SB]2T
MK;<M<T_???NF!4\)4ODAQ<8AP41QLLYM^-_WK-6W;6<U'414VDN!G?&YL<O&
M41V'$$!V,=!P4HKMK.*CIXJG27#3LC:V247*(;;@!EV,=)R5AN5RUS4=Z=Y:
M8%-P=2R2;-QB/"Q#.TSFW9W?<MWCK5OD9_N<7J6EQEKKCCOKDP.\>]N#[VXQ
MBSPNWG;SC^W<MWCK5OD9_N<7J6E;;EKFG[[[]TP*GA*E\D.+C$."B.-EG-OQ
MO^]9JV[:SFHZB*FTEP,[XW-CEXRB.PX@@.QCH."E%=M9Q4=/%4Z2X:=D;6R2
MBY1#;<`,NQCI.2L-RN6N:CO3O+3`IN#J6239N,1X6(9VF<V[.[[EN\=:M\C/
M]SB]2TFW/7(N\E4[2X-"ZG9&VFXQBRV0.<7/SCI!:/L6[QUJWR,_W.+U+2ME
MSUS3QU#:W2XJ7/J)9(W"XQ#8C<XEC.;XHP,^99+E==;3VZK@HM*"FJI(7LAF
M-RB/!O+2&NQC?@X*S07C6#(8V2Z/VY&M`<[C.(;1QO/,M:X7/7,\E"ZDTN*=
MD50))VFXQ'AH]EP+.;=O+3G_`)5N<=:M\C/]SB]2TFW/7(N\E4[2X-"ZG9&V
MFXQBRV0.<7/SCI!:/L6[QUJWR,_W.+U+2MESUS3QU#:W2XJ7/J)9(W"XQ#8C
M<XEC.;XHP,^99+E==;3VZK@HM*"FJI(7LAF-RB/!O+2&NQC?@X*S07C6#(8V
M2Z/VY&M`<[C.(;1QO/,M:X7/7,\E"ZDTN*=D50))VFXQ'AH]EP+.;=O+3G_E
M6YQUJWR,_P!SB]2TFW/7(N\E4[2X-"ZG9&VFXQBRV0.<7/SCI!:/L6[QUJWR
M,_W.+U+2MESUS3QU#:W2XJ7/J)9(W"XQ#8C<XEC.;XHP,^99+E==;3VZK@HM
M*"FJI(7LAF-RB/!O+2&NQC?@X*S07C6#(8V2Z/VY&M`<[C.(;1QO/,M:X7/7
M,\E"ZDTN*=D50))VFXQ'AH]EP+.;=O+3G_E6YQUJWR,_W.+U+2;<]<B[R53M
M+@T+J=D;:;C&++9`YQ<_..D%H^Q;O'6K/(S_`'.+U+3M=SUQ3TSXZ[2PJ93/
M*]KQ<HAACI'%C>;XK2&_8OMUNFN*FV5E/0:6%+62PO9#.;E$1$\C#78QOP=Z
MVFWK5H:`=&9.-YXSB]2U*VYZXEJ:"2FTL(8H9R^H8;E$>&9P;@&\V[PBUW^E
M;G'6K?(S_<XO4M.*YZX;=:FI?I8.HGP1LBI^,HLQO!>7NSCXP<P?Z5N<=:L\
MC/\`<XO4M.UW/7%/3/CKM+"IE,\KVO%RB&&.D<6-YOBM(;]BP:DJM97?3MUM
M4&DFP2UM)+3LE=<HB&%["T$C'1E;7)RM_LB_ZU=%\<T.&'`$>(KZJAK/6,6F
M971S=ZM+Z-TM.:B;@Q)*)&L#<^+P\G&_`*WM+W:MKI[G07%U'+56^9L4D]%M
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MG),A:-C/@NP`=Q+?,>@RUGNE/=J9T\$55%L/X-\=53OA>UV`<;+@,\XWC(\Z
MWUH7ZLDMUCN5PA:UTM-2RS,:_F):PD`XZ-RBZ'4%7'+2T5\M51354^RUD]+&
MZ>ED<?$\#+/F>&_.>=6-%1M=:SJ--5L4$,5OV>`$I[\J'1&;:?L8BPT[19_.
M_P`3<>/(F='WJ:]452^::AJ7TU08>^K>XNIY_!:[:823S;6R1DX+3O5@6G>*
MTVVTUMP;`^<TT#YA$SG?LM)P/GPN?V;7]96W>"CDJ=/3M[YBIG14-4^62IX0
M`\+#D#+&9P[<?Y'[QC"Z8BI&MM65]EJ9Z:@XIC?!2"J/&-0YCJC+G-V(6M&7
M.&SX^=S1TY4[IB[3W:BG?510LJ*:H?32.IY"^*1S<9+'$`D;\$'F<'#?C*FE
MIWBM-MM-;<!`^<TT#YN"9SOV6DX'SX5&M>M+K+>HJ6I-@K*266"(/M=6^5P,
MNUC&1AQ:&%SANPP[7F7145+U/JFIM]ZXJIZNR6\M@;-PUXJ#$)\DC$8&-K9Q
MX1SNR-V_*F-)7F6^6GOR:.`.;*^+A*:0R03;)QMQO(&TT^/S'GYU.+1O=>;7
M:*VXMIY*@TT+I1%'_,_`SC_[RJ9:=95L]TM],^OTS<HZV01\%::UTLT8()V]
MD@[3!C>?!P-_F7045?O&H:BW7>&UP:=NE?)-"Z9DM,81'AI`<,OD;@C:;NZ<
M[LX.)6V54]92-GJ+?44,A)!@J"PO;@\YV'.&_GYUMK6N-2^CH:BKCI)JIT3"
M\00;.W)CH;M$#/SD*&L>HJN[.I'C3%VI*2IC$C:FH=!LM:6[0R&REPSNW8Z=
M^%8D5)O6J[C0ZCJZ*"FI7TE!!%4U$#R[OJHA<3MR0M&XB/&\8.3D;CC,_IJ[
MQWRVNN$,D$L#JB>.*2!VTR1C)'-:X'._(:"I=0^K+M+8]/5UTAA9+)`P$"0D
M,;EP&TXC>&MSM'S`J#M6K*B2Z6ZR5[J!U?42N(DIG'@ZJF,+Y&3PY)RW+0T[
MS@].\$W1%2[KJ:\C4-79;106Z1U.(Q(ZIJG,>P/;M<,8PW?$/Y2<YVLC=A3N
ME[JZ]66"X/;"'N<]A,$G"1/+'ENVQWQF.V<@^(J743JB[&QV*KN@B9(8&@XD
M?L,&7!NTYV#LM&<DX.`"5`6K4M[?=K=2W2CM<45>Z2.%E-5F25X8TNX=H+0'
M0NP!GG&TW.<JZHJ'K365YTY/5L;8:8TS8=NFK:FNX..=^,EF`PX?GF:2-KH)
MW@72@DJI:.*2MIV4]2YN9(F2\(&'Q!V!GY\!;"T+W55]%:ZBJMMN-QJXV[3*
M43"(R[]X#B,`XSSJLZ1U9==07FKI9+5104E-%&Z5\=:7RPR.+_`>PL:0[P=X
M."//D*ZHJ/==8RLO3].T$]L@NSJTPL[\D.&Q"G$ID+`079WM&"!NSG=A6+3%
MU=>K%27)S(VNF#L\$_:8[#BW:8[I:<9!Z00I91&I+Q'9*.GK)C$R!U5%#+)*
M[9;&Q[MDN)Z,9Z=RKNF-7UEWN-#PAMLE%=(YY:5E+(730LC<6[4F_#@<8R``
M';M_.KRBY_?]</H;M-:&U5GMM1WVV".2YSEH#.",AE+<MRUQ\!N#C(.3D;*M
MFF[D^\6.AN4D`A?41!Y8"2/G:2`2T\X.!N(4HH?5%V?9;0^N9'&<21QN?*XM
MCB#GAID>1S-;G)/Y<XK>F-:R7N^BEBGM532SNJ!''1S&2>E;$[9#IL$MP_HQ
MC&0!M<ZOB(B(J9KRFO%0^G;21WB:A,,K71VBH9#*)SC@W.<YP\#&US'&><$<
MVWHB@O=NIJFFNTLDC&N9P3II1(\NV!PI#N<L+\[.UEW/GH"M"\3"0Q/$):)-
MD[)<,@'HRN54-IU?)6Q5C./HJV%L39C7UL3H)*C;&V]K`2."#-O.`#O:&@':
M*ZP$5&[H%%>:R2..EANT]&ZG>UC+7/'"YE3D;#I"XCP,>+(&_(.Y2VC**\6^
MCJ:2Z2R211RAM,99`]^R&-VMX^+M[1;M>%LXSXA8UAK!4.I)VTCF-J#&X1.>
M,M#L;B?-G"Y?:K/JD7..XP,OD%0S@&3FX5D3XY9-O^,[9:2#%L`C<`<EFR!@
MD=614?7M)>ZBHC[Q9>)*9U,]D8M-2R"1E1GP'2.<6G8QXB0-^0=REM'4EZH:
M6JIKM/-,QDH%.^>422%NPW:.USEI?M%NUEVSC/B%B6K=&54EMJXZ%S&U;H7B
M$R#+0_9.SD>+.%SJS6S5(ND-;`=10,;)3LECNE?'(QQR3.[8#G-V-G`&S@[1
M&`&@KIZ*AZ_HK[5U(90QWB2!U*6TW%E2R#@JHD^%*20[8QLC=D##LC)"G=(4
M=SH*&HI+@^1T<=0YM+PKVO?P6!SD<X+MLMSEVR6[6_*GUIWAM<^TUK;8]K*\
MP/%.YV,"39.R3G=SXYUSVQ6C4#+S#7TT=^IH!-#&Z.ZUL<H#/",YV07`-(V`
MW9P=O)W-73D7/NZ!;+S<:]K:6GNDS!`.\'T$\<+::JVG9?*20[9QL;VYW!V[
M)"LVE::Y4E!/!<9)GM942"F-1(U\O`[MG;<W<3G:(YSLEN3G*FUIWAM<ZTUK
M;8]K*\P/%.YV,"39.R3G=SXYUSO3MEOM+=HZR@I[Y14IJ(1)!<JN)[3_`#&H
M>6-)&"-@-+<';W[FKJ"*BZPM]UJ[PTRT%VK[5P+>!CM=9'`Z.7)VC('.:79&
MS@@D#!W#G,[H^"ZTUF;'=C-PG"/,3*B1LDL<6?`:][=SG`=(ST;SSJ=6C>V7
M"2T5K+5(R.X.A<*=[^9K\;CS'\C\Q5$L5KO,-XH)J2VZ@H#PF:V2Y7&&>&2/
M!VF[+7N)<3C!`;CG\RZ2BI&JZ2]37H/%+>JNV<`T1,L]>RF=')D[1D#GL+LC
M9P02!@[ASF:T?!=J>S-CN[IS+PKS$RHE;+-'%GP&R/;N<X#I&>C>>=3JCM01
MW*6RUL=GD;'<'1$0N<0/"^<@@'&<$@@'!P53K#0WUEZH)(:/4='`UQ-8;M<X
MZF*1FR?!:T2/.UM;)!&R!@_,NA(J)JBBO,U]?*^CO=9;^!:*;B>O93&)V_;V
MPY["2=V""1@8P#O,_H^FN-)8HH;H'"?;D<&R.:^1K"\EH>YHV7/`(R1SGI/.
M9Q1>I8[G-8ZR.SO#:XL_AG:#2=XV@'$$!Q;D`D$`D$JHZ>MMVCOEOFBM]_HJ
M6$/[XXWN$52PM+"`V-H>\M=M$;QLC`(.<@+H2*@ZGH+Q47RH?/0WRMM[HFMI
MN**^.G$8QX;9&N>PN)._.7#&!@8.;-I2GN-+8*2GNA=WRP.&RYS7.8S:.PUS
MF@-+@S9!(&,@_.IA1>I8[G-8ZR.SO#:YS/X9V@TG>-H`D$!Q;D`D$`D$JHZ<
MMMVBO]#4PV^_4-.QCFU;KM<(JAKX]D[+&`/>X';V3D%HP#S[@NA(N?:GMUWJ
M[Q6"KMU^N%O>&=ZBUW"."-C=D9;(QSV9=M9.T=H8QS8PK9IF*YPV.CBO$ADK
MFM/".<X.=C)V0YP`!<&X!(&"02I51.J([I+8ZJ.SN<*TANR&/#'N;M#;:UQ!
M#7%NT`2,`D?.JKIFW7:#4$-3#0WVAI',=W[QM7QU'#>#A@:&O>[:!QOR!C(W
MYW=`14#4E#>9[W5NJ*&_UM$X-[T-IN,=.R-NR`YKV.>PEVUM'/A`@@;L$*U:
M8AN5/8J.&[OVZUK"'DN#B!D[():`"X-P"0,$@X4JH75D5UFLD[+.7]]%S,MB
MD$<CX]H;;6/=N:XMR`3T](YQ7=+T%XAOT<\='?**@X%S:EMWKHZGA7?$V`U[
MR"#DDY`W\Q)W7Q%SK4-MO%1>ZV2KMM^KJ?(-$^U7"*".)FR,M<USV':V@22=
MH'=S8PKGIV*Y0V2BBO$HEKVQ@3/R#D^<@`$XQD@`$Y*DE"ZLBNLUDGCLY?WT
M7,RV*01R/CVAMM8]VYKBW(!/3TCG%;TI;KM2WR.2"AO5OMO!.%3'=*V.<2NW
M;&P&O>01OR<@8W8/1?D1$15_4]5J*EDHC98K8ZGD>65,E<]S1",$M=NYQD;/
MCRX>=;EB?=Y*=[KP^WNE+@8S0EY:68YSM=.<\VY2B\3&00R&%H=(&G9#C@$X
MW+F-+7:P%'!63W>K=7.DB:RV<7QM=PI=B5LV`=F$`>#('#GR7.\$'J**NZFJ
M]24M31<316LTDA<VHFKGN:(3@EIW<X.-GQY(4A8WW5]*XW=U`ZHVLM-$7%FQ
M@8_FWYY_,I)8:QU0RDG=21MDJ!&XQ,><!SL;@?-G"YO0UVK1#154UXJYJJ2:
M%HM[K?&QS<N_CBH`'@,:`2QX<.C>\D9Z<BKNIJO4E+4T7$T5K-)(7-J)JY[F
MB$X):=W.#C9\>2%(6-]U?2N-W=0.J-K+31%Q9L8&/YM^>?S*26K<WU<=NJY*
M"-LE8V%Y@8_F=)LG9!WC<3CI7/K=6ZH#[=/+>JRJEFJ86"A?;XXRV,XX8U.&
M_P`/9\+8(<`<-'AD[^EHJUJ6LU+2UU&VT16KO&1KA//72.;P+AO;S'>#S?.I
M6RNNCJ0F[NH75.T<=YEVQL[L?S;\J06E>7UT5HKI+9$V6O9`]U.QW,Z0-.R.
M<=..D?.%1;;5ZD;56R5][K*TSU,;.]'V^.+8@('"NJ<-_A/:2[9PX`X:,.))
M71T59U'6:FIKE2LM,=H%ODC=PM172/;P<@YAN.\.!W?,5+V=US=1CC9U&:K:
M.>]-K8V>C^;?G"WUI7E]=%:*Z2V1-EKV0/=3L=S.D#3LCG'3CI'SA46VU>I&
MU5LE?>ZRM,]3&SO1]OCBV("!PKJG#?X3VDNV<.`.&C#B25T=%6-0UFJ*:ZP1
M6QEG;;I(B75%=(]I9("/`P.?(.1]$YZ%-6EUQ-$WC4TAJP3M]Z[7!XSNQM;^
M;"W5':@DN,-DKY;3$);@R!YIV$`[3\;MQ(!^8D9\:IMKJ]1LN%K<^]55P%14
M!KJ9]"R,1TVQESJ@AHX.8..`,@'`&R3DCH:*L:AK-44UU@BMC+.VW21$NJ*Z
M1[2R0$>!@<^0<CZ)ST*:M+KB:)O&II#5@G;[UVN#QG=C:W\V%NJ+U+-<X+#7
MS6>+A:]L1,+0T..?,TD`G&2`2,G`53M%5J)EUM8EO53<65$SA)":)D;(J;8)
M#IB&@QS[1`V<X/,&[B1T!%5K]6ZJI[PR&W,LK+:^':%16R/:1("!L8!WY!R,
M>(^93MK->:*/C,TIK!D2=[;7!\^[&UOYL<ZW%$:JFN=/8*V:SQODKFL&P&1B
M1P&T-HM:2`YP;M$`G>0`JS9*G4#;S;63WJ>Y1SNDX9G>;(XH8`TF-SW!H+)]
MK9!9G?EV&@#(OJ*J7JMU9!>N]Z".RQVUT0='45LCVN,F<%F`>?I!'0K#;#6F
MABXQ-,:S!$O>VUP><]&UOYL<ZVE$:JFN=/8*V:SQODKFL&P&1B1P&T-HM:2`
MYP;M$`G>0`JS9*G4#;S;63WJ>Y1SNDX9G>;(XH8`TF-SW!H+)]K9!9G?EV&@
M#(OJ*J7>MU;%?)*:ACLD=N=&UT$]9(\.>\[G,P#SC&=W00K%;C6&BA->:<U>
MS_%[WSP>UTXSOQ\ZV5#:MGN=-8*J:T,E=5M+,<#$)9&LVQMN8PD!S@W:(!YR
M.GF-=L51?V7R@AJ+S-<XIA*:@"D9'!#$`>".T&C$Q(&TS)YW$-:`%>T54N];
MJV*^24U#'9([<Z-KH)ZR1X<]YW.9@'G&,[N@A6*W&L-%":\TYJ]G^+WOG@]K
MIQG?CYULJ#UA476FL<LMH;,:@/C#W00B65D9<-MS&'<YP;D@;_F/,8/3]1J!
ME\I*>JN\ETCEBE=5%M*QE/"`<1%KP!_$('A,R[G)PT`9O"*IW.LU?'>YZ6C9
M8HJ`M8ZFFJY)`^4G(<S`/."`=W0X>=62@-2:.$UIA-5LCA>`SL;73LYWX^=;
M"@]85%UIK'++:&S&H#XP]T$(EE9&7#;<QAW.<&Y(&_YCS&#T_4:@9?*2GJKO
M)=(Y8I751;2L93P@'$1:\`?Q"!X3,NYR<-`&;PB(B*@:\GLUNO5#<M74C:FP
M<%P4)D8)HX*DN)+G1;]HN;@-<`=G9=S;63[[F-);PV\W6R4Y@LMPJ6OHVN:U
MN0UN'%K6CP(]K.RT[Q@G`RKXM6Z1U4MMJXJ"5L58^%[8)'<S'EIV2?F.%QF7
MD9=XJ+3MIL_>^K8ZEG"M=$SA62,<#*9IR")&[B78<2_<,+N`1<]US4V*VW^E
MN&L:-E3970"*E?+'PT4%1EQ?M1;\N<W9PX`XV7#=G?M=S"CHH:*Z7"T4[H+/
M<*PST37AH/![+6G#6_R,V@[99T#H&5>%HWN*MFL]?#;91%7/IY&T[R<;,A:=
MDYZ-^-ZY"#HB]36NR:>L_>NI*:LC?+'P+!)'P;P9>'F.>%;@$D!SBXX7;$7/
M=<U-BMM_I;AK&C94V5T`BI7RQ\-%!49<7[46_+G-V<.`.-EPW9W[7<PHZ*&B
MNEPM%.Z"SW"L,]$UX:#P>RUIPUO\C-H.V6=`Z!E7A1NHH:^HL5PAM<ACKGP/
M;`X.V2'XW8=T'S]'.N4T[M"WRXV2VZ7M`I;W1UL<LS&T[(W1,C>#*)I#GA1@
M'<'.R_9.=V5VA%SK6M5I^UZCCKM:T<=3:98&Q4,DT7#Q02@N,@,6_P`)PV</
MV3N!&1TR'<PHJ2FM%=56V!\-KKJQU11-DV=K@BUH&YNYK<AVRWXK<#=S*ZJ*
MU/!<*G3]P@M;G-K'PD1[+]AQ\8#OBDC(#N@D'H7+Z!^AK[>K#2Z0M3*:Z4-4
MR:=L=,R'@HF.\,3.Q_$/B#2[P\.SNRNRA%S?6-7IVU:E=6:XHXJFW3P-CMTL
M\(J(HG`'A6<'@D/.X[>SO&[(Q@RW<QH8:.P3RT<,D-OJZN2IHV2EI>(7!H;G
M9W`;CAOQ6[(W8P+DHK4\%PJ=/W""UN<VL?"1'LOV''Q@.^*2,@.Z"0>A<OH'
MZ&OMZL-+I"U,IKI0U3)IVQTS(>"B8[PQ,['\0^(-+O#P[.[*[*$7,]75FF;3
MJ:HJ==4,532U,36VV:H@%3%&T-_B1B/!+7%WA%V/"!`SX.%.]S.WMM^FL0Q2
M14E142U%*R9S72"%QRS:+=V<<PZ!LCHPK>H;5L%=4Z=KH;=MFH<P89'+P;WM
MR"]C7_%<YNT`<C!(.1SKFUJ?HB_ZBL#=&6R*GK;?-PU2(J5D#8X0"")=V9#G
M`;@G#CM9W978AS(N9ZNK-,VG4U14ZZH8JFEJ8FMMLU1`*F*-H;_$C$>"6N+O
M"+L>$"!GP<*=[F=O;;]-8ABDBI*BHEJ*5DSFND$+CEFT6[LXYAT#9'1A6]0>
MLH*NHTY614;))'G8,D44O!OEB#P9&-?D;+G,#@#D<_..=<^L;]%7_5%AFT5;
MHH)[<YTM68:5M/&R+8<W#Q@%[MH@-QD#+CGQ]=1<PU56Z4M.I:Z775!#4,JF
M#BZ>HIQ4QMB#`'QM9@[#MO:).,.#F[]V!9>YO;C;=*T\+8I8X9)99H&S.:Z4
M1/>7,VW-W%VR1X\;AT*U*OZWAJ9].U#8(Y)HPYCZF"*3@WS0!P,K&NR,$L!'
M.,\V1G*HNG7Z,OVK[-6Z*H(H3;VO?6.@I6T\38W1N:T.;@%[]HC9(R&C:W[]
M_6D7*]3UNDK3J"Y\NZ"*HDJQFWSSTXJ6\`&M!C8W!X,A^T3D`.R#D\PMW<\M
MS[7I*BI712QC,DD;9GM?((W2.<S;<W<Y^R6Y(Z?&K,J_K>&IGT[4-@CDFC#F
M/J8(I.#?-`'`RL:[(P2P$<XSS9&<JBZ=?HR_:OLU;HJ@BA-O:]]8Z"E;3Q-C
M=&YK0YN`7OVB-DC(:-K?OW]:1<GU)6Z0M=[N\6NZ".>LJR74-1+3MJ0ZGP`U
MD8(/!EKLY!`!/A9.=UVT%;YK7I*W44\;XWL:XADCP][6N>YS0]PW.=LD;1'.
M<\ZL2K>NX9I=/R;,4D])'(R2MIXGACYJ<',C`21T;R,C(!&=ZIFEW:0OFLK9
M<M%44445##)WZ^"F;3Q!KF%K!L;(<Z3)W.Y@T.&=^#U=%R?4E;I"UWN[Q:[H
M(YZRK)=0U$M.VI#J?`#61@@\&6NSD$`$^%DYW7;05OFM>DK=13QOC>QKB&2/
M#WM:Y[G-#W#<YVR1M$<YSSJQ*L:_C<^Q"22!]3;H9FRW"GC>&NFIAG;;O(R,
M[)+<C:#2.G!J6DSI2]ZTI+OHNCBBI:.E>RL?#3MIXLO'@`,V0XR<_A8P&@C.
M_"ZHBY'J&LT=;;K>:36]O;-=*M[GTE0^!M0Z2G.Z-L1(/!%O-@[(V@7;\Y5^
MT1;ZBU:4M=!5,+)H80'-+@YS<DD!SAN<[!&3TG)Z5/*L:_C<^Q"22!]3;H9F
MRW"GC>&NFIAG;;O(R,[)+<C:#2.G!J6DSI2]ZTI+OHNCBBI:.E>RL?#3MIXL
4O'@`,V0XR<_A8P&@C._"ZHB+_]D_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
